Ist payzilch.com sicher?

A new "buy now pay later" service that has recently been approved by the Financial Conduct Authority, and is exclusive to the UK. Unlike Klarna, the service issues a virtual instalment card that can be used at any online shop that will accept Mastercard, including Amazon, eBay or even Iceland. It is clearly aimed at university students, thanks to it's flashy design and student discount integration through a partnership with Student Beans. However, credit limits are low and you have to pay 25% of purchases upfront (with the other three 25% instalments having to be paid every two weeks), making it clear that it is currently only meant to subsidise purchases until payday. However, there could be a new installment option added soon as new features are added regularly. Overall, this is a legitimate and secure online financial service that offers some of the benefits of credit cards while having justified limitations and a wider safety net. Personal details, optional Open Banking checks and any ID verification are managed and processed in line with the FCA.