Buying a bandsaw, mincer or other big-ticket kit for your business? UK trade customers can split the cost into 3 or 12 monthly payments at checkout, with nothing to pay for the first month. Here is how it works, step by step.
Get a personalised offer up to £30,000 →If you are a trade customer wishing to apply for finance to split payments on our more expensive items, like bandsaws, mincers and other butcher machinery, this guide is for you. iwocaPay lets eligible UK businesses buy now and pay in 3 interest-free monthly instalments, or spread the cost over 12 months. You choose it at checkout just like any other payment method — iwocaPay pays us up front, and you repay iwocaPay monthly.
In this guide
- What is iwocaPay?
- How does it work?
- Step by step guide
- Get a personalised offer of up to £30,000
- Frequently asked questions
What is iwocaPay?
iwocaPay is the pay-later checkout option from iwoca, one of Europe's fastest-growing business lenders. Founded in 2012, iwoca has spent over a decade providing finance to UK small businesses and has grown to a team of around 400 across London and Frankfurt. It is a name trusted by tens of thousands of UK businesses, with an Excellent rating on Trustpilot from over 7,000 reviews.
As a regulated financial services provider, iwoca must adhere to strict financial regulations: iwoca Ltd is registered with the Financial Conduct Authority under the Payment Services Regulations 2017 (reference number 791804) and is incorporated in England and Wales (company number 07798925). In short, it is a safe, established way to finance your equipment.
Please note: iwocaPay's Pay Later option is for UK trade customers only — your business must be registered on Companies House with a valid company number (limited companies and LLPs). Sole traders can only use iwocaPay's Pay Now feature, so if you are a sole trader looking to spread the cost, iwocaPay is not the right fit — get in touch and we will do our best to help.
How does it work?
Buy everything you need today and split the cost into equal monthly payments. There is nothing to pay until the 1st of the following month, and you can choose the plan that suits your cash flow:
| Payment plan | Cost | Example on a £4,272 order |
|---|---|---|
| Pay in 3 — 3 equal monthly payments | Interest-free | 3 × £1,424.00 |
| Pay in 12 — 12 equal monthly payments | 3.33% per month (representative) | 12 × £439.41 |
Why trade customers use it:
Keep cash in the business while your new equipment starts earning its keep from day one.
Your first instalment is not due until the 1st of the following month.
Take on new contracts or upgrade your machinery without waiting to save the full amount.
iwocaPay pays us directly, so your order ships as normal — you simply repay iwocaPay monthly.
Once approved, keep using iwocaPay for future orders up to your approved amount.
The application takes minutes at checkout — no lengthy paperwork or bank meetings.
Step by step guide
1Add items to your basket and hit checkout
Browse the store, add the equipment you need to your basket, then hit Checkout.
2Enter your details and select iwocaPay – Pay Later for trade customers
Fill in your contact and delivery details as normal. Under Payment, choose iwocaPay – Pay Later for trade customers, then hit Pay now. You will be redirected to iwocaPay's secure checkout to complete your purchase.
3Log in, or choose your payment plan
If you have used iwocaPay before, simply log in and your details will be remembered. If not, select your desired payment option — 3 monthly payments interest-free, or 12 monthly payments — then create your account and check out.
4Enter your business details
Select your business type and enter your details. Your business must be listed on Companies House and have a valid company number — limited companies and limited liability partnerships are eligible for Pay Later. Sole traders can only use the Pay Now feature, as mentioned above.
5Input your details and pass the security checks
Follow the on-screen prompts to complete your application and pass iwocaPay's quick security checks. It only takes a few minutes.
6Get your offer
You will then receive your offer for your item. If successful, iwocaPay pays us directly and your order is processed as normal — all you have to do is repay iwocaPay in your chosen monthly instalments.
Get a personalised offer of up to £30,000
Alternatively, if you would like to create an account up front and get a personalised offer of up to £30,000, you can apply for an iwocaPay spending account. This gives you an approved credit limit of up to £30,000 to spend with us at msbutcherequipment.co.uk — so you know exactly what you can invest in your business before you start shopping.
Know your budget before you buy
Set up your iwocaPay spending account and get a credit limit of up to £30,000 to use on our store.
Get your personalised offer →Frequently asked questions
Finance is provided by iwoca Ltd and is subject to approval, status and eligibility checks. Payment plans, rates and limits are correct at the time of writing and may change — the exact terms available to you are always shown at checkout before you commit.
