Holding monies

[wales01man]

A friend who sells on ebay is thinking of selling higher value goods and offering payment terms where a deposit is paid then instalments until the items are despatched no interest charged .
Do they need to register with any financial body or are there any other rules/laws they must follow?

[des8]

Depends (doesn't it always!)
12 months credit and no more than 12 instalments not involving a financial product and nor charging interest/admin and no licence required
https://payitmonthly.uk/fca-authoris...-not-required/