Damart Personal Account
Damart Personal Account

BUY NOW PAY LATER
with a Personal Account

How can I pay using BNPL? +

It couldn't be easier. Add what you would like to order to your basket. When you reach the payment page simply select the "Buy Now Pay Later" payment option. If you are already a Damart Personal Account holder you won't need to submit a new application. If this is the first time you are using our Personal Account, you will enter some essential details for your application, and complete a short application form, the approval process should take less than 60 seconds.

What can I pay for using BNPL? +

Anything you would like to order from damart.co.uk as long as the order reaches a minimum basket value of £70.

How do I make a payment? +

Click on MyAccount or online at damart.co.uk/payments for details.  You can call us on 0330 123 5429 to direct payment towards a specific BNPL transaction. Please note payments received will always be allocated first to make your minimum repayment due on your Personal Account if you have an outstanding balance, including any accrued arrears and interest, so that your account does not fall into arrears.

How is the interest calculated? +

Interest is calculated on the outstanding balance of the BNPL order at the end of the delayed payment period. This is calculated at a daily rate of 0.0893 pence in the pound from the day your order was despatched up until the end of the delayed payment period. This equals 32.6% per annum (variable) unless you pay the balance by the end of the delayed payment period.

How can you avoid paying interest? +

To avoid paying interest you must clear the balance of your BNPL order on or before the end of the delayed payment period. This date will be clearly communicated to you in your statements. You can make payments at any time towards your BNPL order and don’t need to wait until the end of the delayed payment period to clear the balance.

What happens if I miss a payment? +

If you miss your payment due date at the end of the delayed payment period then the balance of your BNPL order will be transferred to your Personal Account and you will be charged interest as mentioned above. Your balance will then be subject to further interest charges if you do not clear it by the payment due date on your next statement. If you are struggling to make a payment then call our Personal Account team on 0330 123 4083 and they can discuss all of your potential options.

Do I still have my minimum payment? +

If you don’t have an outstanding balance on your Personal Account then your minimum payment will be zero until you reach the end of the delayed payment period. If you do have an outstanding balance on your Personal Account then you will still be required to pay the minimum payment shown on your statement to avoid falling into arrears.

What happens if I have a Direct Debit set up? +

If you have a Direct Debit set up to take either the minimum or full payment on your account then this will be taken on the payment due date at the end of the delayed payment period for the amount of the outstanding balance.

If you have a direct debit setup for a fixed amount you will need to check that this fixed amount will cover the outstanding balance at the end of the delayed payment period. If it doesn’t cover the outstanding balance you will need to make a payment to cover the difference to avoid being charged interest.

How are payments to my account allocated? +

Unless you call us on 0330 123 5429 to tell us how you want a specific payment allocated, your payments will be allocated in the following order:

 

1. The minimum payment on your Personal Account

2. Any Pay In 3 and/or BNPL amounts that are due this month

3. Additional balance on your Personal Account above the minimum payment

4. Any Pay In 3 and/or BNPL balances that are not due this month

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