Credit Building > Is Clearpay Safe? Everything You Need to Know

Is Clearpay Safe? Everything You Need to Know

Wollit Team2 minute read · Updated 19th February 2025

As buy now, pay later (BNPL) services become increasingly common, many shoppers wonder about the safety of using Clearpay. While Clearpay offers secure payment processing, understanding how it works and its potential risks is crucial for making informed financial decisions.

Understanding Clearpay's Security

Clearpay takes several measures to protect its users. The service maintains Level 1 PCI-DSS compliance, the highest standard for payment security. This means your payment information is protected by industry-leading encryption technology. Clearpay also uses two-factor authentication for account access and doesn't store complete card numbers.

How Clearpay Protects Your Purchases

When you make a purchase through Clearpay, you're covered by their Buyer Protection Policy. This helps if you encounter issues like non-delivery or items not matching their description. Clearpay will work with retailers on your behalf to resolve problems and may offer refunds when necessary.

Financial Safety Considerations

While Clearpay's platform is technically secure, financial safety is another important consideration. Understanding how Clearpay affects your credit score is crucial. Clearpay splits purchases into four interest-free installments, with the first payment due at checkout and remaining payments automatically charged every two weeks.

Missing payments can lead to late fees of £6 per missed payment, capped at £24 for orders over £24. While these fees are transparent, they can add up if you're not careful with your spending.

Managing Your Clearpay Account Safely

To use Clearpay responsibly, always ensure you have sufficient funds for upcoming payments. Monitor your account regularly for unexpected charges and keep your login credentials private. Clearpay sends payment reminders, but it's your responsibility to maintain adequate funds for automatic payments.

What Users Say About Clearpay

Customer reviews generally indicate that Clearpay is safe to use. Users appreciate the straightforward payment structure and integration with popular retailers. However, some customers report challenges with refund processing and customer service response times.

Building Credit Safely: A Different Approach

While Clearpay offers secure payment processing, it's worth noting that BNPL services like Laybuy and Clearpay aren't primarily designed for credit building. If improving your credit score is your goal, consider a dedicated credit-building service instead.

Wollit's Credit Builder offers a structured approach to building credit through regular, reportable payments to credit reference agencies. Unlike BNPL services, which can tempt overspending, Wollit focuses solely on helping you build a stronger credit profile safely and systematically.

Making an Informed Choice

Clearpay is generally safe from a technical security standpoint, but success with any financial service depends on responsible use. Consider your financial goals carefully. If you're looking to split occasional purchases, Clearpay might suit your needs. However, if you're focused on building a strong credit profile, a dedicated credit-building service could be more appropriate.