PastPay is a regulated B2B payment solution supervised by the National Bank of Hungary, offering flexible payment terms through a fully digital, factoring-based B2B BNPL model for merchants across the EU.
B2B BNPL is a payment solution that enables business buyers to purchase with payment terms of 15–90 days, while the merchant receives the full order amount once the order is fulfilled.
During checkout, the business buyer selects PastPay as the preferred payment method. PastPay automatically assesses the buyer’s eligibility and, once the order is fulfilled, pays the order amount to the merchant. The buyer then settles the invoice with PastPay according to the selected payment term.
PastPay’s BNPL payment service is available in European Union countries, as well as in Switzerland and the United Kingdom, in a total of 11 currencies. This makes the solution suitable for international sales as well.
The PastPay payment method is free of charge for buyers. The costs are settled with the merchant.
The buyer must settle the invoice amount directly to PastPay via bank transfer, no later than the payment deadline indicated on the invoice. The invoice is always issued to the buyer by the merchant.
There is no minimum order amount. Business buyers can use PastPay for orders of any value, provided they remain within their approved PastPay limit.
During initial registration, PastPay determines the maximum limit available to the buyer. If the value of a single order—or multiple open orders combined—exceeds this limit, the PastPay payment option will not be available until the buyer settles their outstanding balance.
Merchants benefit from higher average order values, improved conversion rates, and predictable cash flow. PastPay assumes the non-payment risk in accordance with the terms of the contract, and significantly reduces the administrative workload.
PastPay is primarily recommended for merchants who:
Yes. There is no minimum order amount required to use PastPay, so the BNPL payment method is also available for lower-value orders, within the buyer’s approved PastPay limit.
Yes. Based on our experience, the option of BNPL payment method encourages business buyers to place larger orders, as they do not need to finance the procurement immediately.
With PastPay, you can typically offer your business customers payment terms of 15, 30, 60, or 90 days. The exact conditions are defined in the contract concluded with PastPay.
To use PastPay, you need to enter into an agreement with PastPay. After completing the free and non-binding registration, our colleagues will contact you and help you choose the implementation option that best suits your business.
No. PastPay can be used for both online and offline sales, including webshop transactions, as well as phone, email, or in-person sales.
Yes. In this case, PastPay’s BNPL payment option will be available exclusively to business customers.
Once PastPay has approved a transaction, the non-payment risk is assumed by PastPay, in accordance with the terms set out in the contract. The exact scope of risk coverage is defined during the partnership.
The invoice is always issued by the merchant, in the same way as with other payment methods.
Payment is typically made within one business day after the order has been fulfilled and the invoice is uploaded to the PastPay system.
Invoice handling can be automated or semi-manual, depending on the chosen integration method. The exact process depends on the sales channel, webshop platform, and invoicing software you use.
PastPay charges a predefined fee for each transaction. The fee depends on several factors and is specified in the contract. For a tailored offer, we recommend contacting us directly.
Yes. Through the PastPay Portal, all transactions, customer limits, and invoices can be monitored in one place in a clear and transparent manner.
PastPay can be implemented in several ways:
With the no-integration solution, PastPay can be up and running within as little as 48 hours. In case of plug-and-play or custom integrations, implementation typically takes a few days.
PastPay offers payment terms of 15–90 days, helping you better align expenses with your company’s operations. It supports effective liquidity management while keeping the payment process fast and fully digital.
PastPay helps your business place orders based on operational needs, not on when revenue arrives. This enables more predictable cash flow planning without taking out a loan.
PastPay is available exclusively to registered companies with a valid tax number. Eligibility and PastPay limit are determined through an automated assessment.
No. The service is available only to business customers.
Yes. PastPay can be used for webshop orders as well as for phone, email, and in-person sales, depending on the merchant’s setup.
No, the PastPay payment method is free of charge for buyers. The costs are settled with the merchant. If the invoice is not paid by the due date, late fees may apply due to the delay.
No. PastPay is a BNPL payment solution, not a loan. It does not involve a loan agreement and does not affect the company’s creditworthiness.
Yes. PastPay is a licensed financial service provider operating under the supervision of the Hungarian National Bank and complies with EU data protection and financial regulations.
To pay with PastPay, you need to register on the PastPay Buyer Platform. The system will then automatically provide feedback on your eligibility.
Any employee authorized to handle the company’s procurement can complete the registration.
PastPay automatically evaluates your company based on the available data. If the assessment is positive, it determines a PastPay limit within which you can use the BNPL payment method.
No. PastPay’s assessment does not affect the company’s creditworthiness and is not shared with other financial service providers.
The PastPay limit is the maximum amount your company can spend using the BNPL payment method. The limit may change over time based on your order and payment history.
Yes. A one-time verification is required to activate the account. This is a fast and fully digital process.
Verification is required for security purposes: it helps prevent misuse and ensures that the service is used by the authorized company.
At checkout, select the PastPay payment option and confirm your order on the PastPay platform. The invoice must then be paid by the selected due date.
After logging in, you can find the list of currently available merchants on the PastPay Buyer Platform.
Yes. As long as you have an available PastPay limit and no overdue invoices, you can continue to use PastPay for additional orders.
Available terms depend on the merchant, but typically 15-, 30-, 60-, or 90-day options are offered.
Invoice payments must always be made to PastPay via bank transfer, no later than the due date indicated on the invoice.
All open invoices and payment information are available on the PastPay Buyer Platform after logging in.
Late payment may incur fees, the purchasing limit may be suspended, and prolonged non-payment may lead to further actions.
PastPay cannot be used until the outstanding invoice is settled. After payment, the PastPay limit may become available again.
For general inquiries, contact PastPay customer support at support@pastpay.com.
If the system cannot find your company, enter its details using the designated form. Our team will help verify eligibility and guide you through the next steps.
This is not a problem. Verification can be completed by another authorized employee, such as the company director or a colleague with access to the company’s bank account. No new registration is required.
Orders can be confirmed after logging into your PastPay account. If the registered user is unavailable at checkout, confirmation can be completed within 7 calendar days.
You may request a manual review. PastPay will assess the possibility of increasing the limit based on additional information. Reviews typically take a few business days and do not guarantee a higher limit.
If you have further questions, please email us at support@pastpay.com, and our customer support team will assist you.
