Perpay App and Marketplace
REVIEW

Requirements to Get Approved

Perpay does not perform any credit checks and there is no hard inquiry when you apply to join their membership. But you have to meet the following requirements:

• Actively maintain a full-time employment - You must be employed by your current employer for at least 3 months


• Paid via Direct Deposit - You must be paid via direct deposit because Perpay requires that you pay your minimum monthly payment directly from it. That means that Perpay will not approve you if you are an independent contractor, gig worker or self employed individuals unless you have your own company that pays you through a third party payment system.


• Active Mobile Phone


• No Active Bankruptcies - You have to be discharged and preferably for a few months


• In good standing in all financial obligations - This means that any charge offs or accounts that have gone to collections MUST be settled

How Does Perpay Work?

Here are the steps you need to take to create your Perpay Account and start making purchases:

1. Create your account and receive a spending limit - Whilst you are creating your account, you will be asked to give your "net pay". Your net pay and pay cycle information are used to estimate your Spending Limit.


2. Start Shopping at the Perpay Market Place - Once your account is created and your spending limit given to you, you can start shopping at the Perpay marketplace. The Perpay market place has lots of branded products like Apple, KitchenAid and Playstation. Once you have finished, you simply check out.


3. Check out and submit your order for approval - Once you check out, the order will be submitted to the approval team for review and approval. This would normally take a few minutes but could take up to 1-2 business days.


4. Once Approved, Set up direct deposit - Once you are approved, you will need to set up your direct deposit payment to send Perpay. Perpay will will only accept payment directly from your payroll direct deposit. You can log into your payroll provider within the Perpay experience to set up your payment or contact your employer. If your employer will not or is unable to split your direct deposit, Perpay will help you to address this issue (more on this later). During this process, you have to choose how many payments you want to make to pay the purchase in full. Unlike other Buy Now Pay later apps that require full payments over 4 payment periods, Perpay allows you to choose the length of your repayment period. You can choose a payment period of up to 6 months.


5. Orders will be processed for shipping once first payment is received - Once your payment to Perpay is set up and they have received your first payment, your order will be processed and shipped to you.


6. Payments to Perpay will be automatically deducted - Your remaining payments to Perpay will be deducted directly from your direct deposit split to Perpay until you have finished paying off your purchase. You will not be charge interest as Perpay does not charge any interest at all.


7. Activate Perpay+ and Get Credit Bureau Reporting - During your checkout process, you should activate Perpay+. Activating Perpay+ will enable Perpay to report your payment history to the three major credit bureaus. Credit Bureau reporting will start after you have made four months of on-time payments exceeding $200. Activating Perpay+ will also enable you to view your credit score monitoring on your Perpay dashboard. If you forget to activate Perpay+ during your check out process, you can do so from your dashboard.

Perpay Reports to all three major credit bureaus

Perpay reports to all three major credit bureaus (TransUnion, Equifax and Experian). You will have the option to activate Perpay+ when signing up or you can do this once you are signed up. This is completely optional and has a $3 monthly fee. However, Perpay will start reporting your payments after at least 4 months of on-time successful payments. Please note, payments must be greater than $200 total.

Perpay+ will also show your credit score on your dashboard once it is activated.

Pros: What We Like About Perpay?

• Convenience of paying through payroll direct deposit - Perpay customers love it because they never have to worry about missing a payent, and can easily build positive payment history.


• No Fees or Interest Rates - Unlike some no credit check online stores, Perpay does not charge any annual fees or monthly membership fees. It is absolutely free to join. Unlike other Buy Now Pay Later providers, Perpay does not charge any interest rates on purchases in their marketplace.


• Reports to All Major Credit Bureaus - Enable Perpay+ to use your account history towards building your credit.


• Credit Score Monitoring - Perpay also provides you with your free credit score to help you monitor your credit score progress. All you need to do is to simply activate Perpay+.


• 1000+ Brands - Customers have given feedback that the Perpay marketplace is constantly improving and increasing their product variety.

Cons: What You Have to Be Aware Of?

• Prices are higher than other online or offline stores - All of Perpay's prices are at or as close to MSRP as possible. Prices reflex the convenience of their zero interest, zero credit financing options.

Who is Perpay Good For?

Perpay is perfect for anyone looking to rebuild their credit and gain access to everyday purchases. With Perpay, you are able to shop for everyday products, pay over time through your payroll direct deposit and build credit at the same time. Perpay does not have any credit checks, no interest or fees.

The downside to Perpay is that unlike most online store cards and even regular credit cards, each purchase in the Perpay marketplace needs to be individually approved. Furthermore, your product will only ship when you make your first payment for the product on your payday (no overnight or 2-day shipping like on Amazon Prime). Many of you will also find that going through the hassle of splitting up your payroll direct deposit might be a bridge too far to cross.

But the great thing about Perpay is that you pay no fees and no interest and because you pay Perpay directly from your payroll direct deposit, you are unlikely to ever default on your payment and get into serious debt. This makes Perpay a relatively "safe" credit tool to help you to rebuild your credit. With no credit checks and just an employment requirement, getting this card should be a breeze.

While there are other no credit check secured credit cards available, the Perpay Buy Now Pay Later account is a valid tool to add to your rebuilding arsenal because you will likely get a credit line that is larger than the minimum security deposit required for most secured cards and you pay no fees.

To sum up, based on our review and evaluation of the Perpay account, we give it a 4 star out of 5 for having no fees, no interest rate, no credit checks and very easy approval. The fact that each purchase requires an approval, shipping that only occurs after the first payment and the hassle to changing and splitting your payroll direct deposit prevents us from giving it a higher rating.

Customer Reviews: What Perpay Account Members Say?

The app is truly awesome. Though the selection is quite limited and the prices are relatively higher, I think it is fair given that we can pay over time with no interest. The payment is also taken directly from your direct deposit so it's virtually worry free. I was even offered their credit card which I accepted and it has been great. My credit was really poor and I kept getting rejected by many cards so getting into Perpay and then later their credit card was a great way for me to rebuild my credit.

This app and program is great. I have been trying to rebuild my credit but one card would give me a chance. Perpay simply sets up a direct deposit from each paycheck and you do not even notice that you are paying off your items. And you build your credit at the same time too.

Out of all similar types of apps, Perpay and AfterPay are probably the best. The selection of products is great and payments are very easy through your direct deposit.

This app is terrific because you get to finance without using credit and paying over time. The direct deposit method of payment is easy and is really a set and forget thing. Before you know it, the item has been paid off. The items may have slightly higher prices but Perpay does not charge any interest so I think it is fair and I consider it their fee. It also builds your credit and my FICO score is up over 90 points in a year.

I was able to get approved for a $1,000 spending limit when other apps would not. I really like how they deduct payments directly from my paycheck. It makes it so easy and hassle-free. I chose to pay over 8 payrolls and before you know it, it is paid off.

This is an awesome buy now pay later app. Though the prices are a little higher, they do not charge interest so I am fine with that. If you need to buy something right away but cannot afford to pay in full now and also need to build your credit, then this app is great.

Absolutely love PerPay. They have helped me get large amount of items and I get to pay over time. I now own a 55 inch TV, newest xbox and a ps5. I would recommend it to anyone and it also helps your credit as you pay the items off. Amazing!!!

I been with Perpay for over a year now every item I've purchased has been delivered in just a few days. I have ordered 2 Xbox series X, PS5, Ninetendo switch and a few more items. I only pay a VERY SMALL amount every paycheck for multiple items I LOVE PERPAY especially for rebuilding my credit #PERPAYISNOTASCAM #PERPAYISLEGIT

Customer Service Contact Information

Email: hello@perpay.com
Tel: (215)-398-1284