How Peachy’s payment methods make it easier for customers

We all know that making payments can be hard, and making repayments for loans can be complicated. However, at Peachy, as you know, we like to do things differently. This is why we have payment options for our customers. We want to be able to offer diversity of options for our customers so it is easy for you to make your payments.

Here are our top payment methods and the instructions that you need for them:

  • Debit Cards & Direct Debits: You can repay via debit card which is one of the most trusted ways to use your money. Debit cards are now just as popular as credit cards and their daily use is something that we all do. The magic of debit cards lies in Direct Debit repayments. You have probably noticed this for bills like gas and electric. You can set up a Direct Debit in your account where your wages go and then the repayment can be taken without any hassle. The advantages of using a debit card and the Direct Debit system include that you don’t have to arrange the payment yourself. It’s ideal for people with busy jobs and lifestyles and for working parents who need to focus on their children.

direct debit

  • Bank Transfer: This method is simple – you simply repay with a bank transfer that you are in control of. Many people who like to do bank transfers are people who use payday loans every now and then and they don’t want to set up another Direct Debit into their main account. You can choose bank transfers if you prefer to do one-off repayments because you know you have already paid off your loan.

bank transfer

  • Use PayCash: It is now easier to repay your loan with the help of PayCash. This is a new, secure payment method from PayPoint.  With no pre-payment needed or excessive information, we are excited to be able to offer Peachy repayments through PayPoint. It works in an easy format: get a barcode through the ‘my account’ area of our website and send a text message saying PAYCASH to 68899. Please Note: You don´t need a debit card to use PayCash, just take the money with you and find the nearest terminal. With over 26,000 terminals for PayPoint, your money is in safe hands. To find the nearest terminal click here:

peachy paypoint payment

How can I repay my loan?

There are 3 simple steps to follow when you want to repay your loan. Here they are:

  1. Make sure your funds are there: You need to ensure that you have enough funds in your account on the due date of your loan. You can do this simply by checking on your online banking beforehand or even better, doing it the week of the repayment so you give yourself some time to arrange funds if the funds are not there. You must ensure that the money is in your account before agreeing to Direct Debits because you can be fined if the money is not there. Once the money is in your account on the due date, we will take it from your account automatically (this is the Direct Debit in action).
  2. You can pay using PayCash: As detailed above, PayCash is one of the easiest ways to repay your loan. It is an online method so it suits people who are online a lot of the time or on their mobiles.
  3. Repaying your loan before the due date: If you want to repay your loan earlier, you can do this by texting REPAY to 68899.
  4. Understand CPA: CPA is Continuous Payment Authority and it governs how we can get repayments from you. We use CPA to collect your repayment but you can cancel it at any time by emailing us at or calling us on 0800 0124 743 (free from a land-line, charges may apply from mobile phones), 0203 5985 241 (London local, charges depend on your carrier). You should ensure that you have settled your account with us before cancelling CPA because you could incur late payment charges.


How do multiple repayments work?

Multiple repayments is an innovation that we are really proud of. They are simple to understand – multiple repayments mean that you only repay the loan to a schedule that we have set out for you. This schedule is set out on the repayment calculator which is available on our website. We want to make it easier for people to see how much they will be repaying each month.

What is the repayment calculator?

Our multiple repayments calculator is a sliding app on our website that helps you figure out how much you can repay in multiple instalments assuming that your amount is high. It’s important to use this to see how long it is going to take you to repay the calculator.

Top tips for dealing with payments

If you know you have regular payments you need to make each month, follow these top tips to make it easier for yourself:

  • Have a standardised method of paying for loans: Whether this is through PayCash, paying ahead of the due date or doing a bank transfer, you should stick to the same way of paying each month. It’s much easier when it’s standardised because you will automatically pay it. This is much better than one month doing a bank transfer and then another month forgetting and being fined money that could have been easily saved.
  • Write it down in a notebook or diary: Having your monthly due date for your payments logged in your diary is another good way of remembering the payments that you need to make.
  • Put it as a reminder on your phone: Many of us have smartphones now and we are busy on WhatsApp and Facebook chatting with friends. You can put a reminder on your phone so that the day before your repayment is due, you can pay the amount.

With this guide, we hope to be transparent with how Peachy deals with payments. We know that payments can be confusing and daunting, but with Peachy, we like to make things simple and easy to understand. We do this so we can empower our customers when it comes to their personal finances.