Is Perpay Legit

Is Perpay Legit, Weekly/Monthly? – My Experience

Have you ever been in a scenario where you didn’t have enough money saved yet needed to purchase something? Do you ever wish you could shop without immediately paying?

Then you can consider Perpay. What is Perpay exactly? I’m glad you inquired.

Perpay is an online store where you may purchase things using the credit you accumulate. Even if the premise is fantastic, can we trust them? Is Perpay a legitimate company?

Table of Contents

A Brief Summary

Perpay may be a good fit for you if…

You’re seeking household names. Samsung, Apple, and Michael Kors are just a few of the popular retailers that accept Perpay.

You desire lower monthly costs. Unlike some other payment methods, you can pay in eight installments rather than four.

Perpay may not be the best option for you if…

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You are now unemployed. To continue using Perpay, you must work full-time.

You are apprehensive about disclosing personal information. Unlike certain other types of financing, shoppers must provide details about their income.

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Perpay Review

I’m going to ask it again: What is Perpay and how was the concept born?

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Perpay is a one-of-a-kind online platform that serves as both a store and a credit storage site. CEO Chris DiMarco and Dave Hayne created the company in the center of Philadelphia. It was established in 2016.

His vision was to expand responsible financing and to make goods and services more available to fellow Americans. They employ almost 40 people, including a very lovely puppy!

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Is Perpay Legit?

It is no longer acceptable to ignore the pink elephant in the living room. Is Perpay genuinely what it advertises itself to be?

Perpay is a legitimate company that has operated ethically for years. You may shop with confidence knowing that you will receive whatever you order with credit. There will be no hidden fees or penalties for users, and your credit ratings will never be harmed.

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Now that I’ve established Perpay’s legality, let’s examine the company’s operations.

How Does Perpay Work?

As I previously stated, Perpay is a credit repair store. Thus, the site states that you can earn an average of 39 points for each payment you make.

With each modest payment, you earn credit for future purchases on the site. You must create an account, and they will supply you with tailored accounts based on your profile. Additionally, have no concern; there will be no credit check!

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You can now purchase a wide variety of things with your limited credit limit. You can easily purchase now and pay later without incurring any interest charges.

Is Perpay Legit

Perpay Products

What are you unable to obtain? Perpay has worked with a number of leading brands from the United States and other nations.

They provide a diverse selection of products, with a focus on Electronics, Fashion, Beauty, and Home Decor. The website sells brands such as Michael Kors, Samsung, Nintendo, Apple, and Kitchen Aid.

If you are unable to pay in full at the time of purchase, you have the option of paying in installments. I believe that both men and women will find something useful on this page.

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Perpay Shipping Policy Your things will be dispatched immediately upon receipt of your initial payment. Expect your order to arrive within three to five business days.

If your order contains a large or overweight item, shipping may be delayed somewhat. In that situation, shipping will occur within three to four weeks.

You will be provided with a tracking number that will enable you to track your orders. Within a week of receiving your initial payment, the freight firm will contact you to arrange for delivery.

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Perpay Return Policy

Certain goods are returnable within 30 days of purchase. However, certain brands may not accept returns.

Michael Kors, Gucci, Coach, Lego, UGG, and Lenox, among others, do not accept returns. You may be entitled for free return shipping if your items are damaged or defective.

Otherwise, you must pay for the item out of your own cash and also pay a $10 return fee. Additionally, there is a 5% restocking fee if you return any of your purchases.

Perpay Customer Satisfaction

Perpay and its features have prompted a flurry of discussion. According to the following two websites:

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TrustPilot has a low rating of 3.6, making it an acceptable type of website to utilize. Persons claim it’s simple to set up, but it’s inaccessible to people with disabilities. Additionally, they take an eternity to ship, which was another of their complaints.

According to Site Jabber, they have a dismal rating of 2.3/5 based on reviews. Customer service, coupled with sluggish shipment, is one of their weak points, they claim. They are ranked only 150th among bargain retailers.

Perpay Alternatives

If you’re wondering whether there are any other websites like this, you’re in luck. I’ve prepared two more just for you.

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Sezzle: Sezzle is another highly recommended pay later app. Numerous online merchants accept Sezzle payments. You can obtain approval without submitting to a credit check, and millenials are great fans.

Klarna: Klarna is another possible choice that is accepted by a large number of websites. There are no hidden fees or interest charges, which simplifies the process for everyone. It is said to be the finest for huge orders.

Will Perpay charge me if I don’t pay in time?

No, Perpay will not charge you a late payment fee if you do not pay on time. However, there is a ceiling on late payments. You can arrange for weekly or monthly payments through the internet, but some conditions apply.

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How can I contact Perpay for customer service?

You can contact Perpay via email or phone. You can find all of their contact information on their contact page.

Is there a spending limit at Perpay?

Your spending limit will be approved based on the information contained in your profile. However, the more you spend at Perpay, the higher your limit might be increased.

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Is Perpay Weekly or Monthly?

Payments for your orders using Perpay must be done via a small payroll direct deposit of your paycheck. Direct deposit payments are timed to correspond to your pay cycle (i.e. weekly, bi-weekly, monthly, etc.). We require a single full payment equal to or greater than your minimum before we prepare your items for dispatch!

Does Perpay Report to Credit Bureaus?

While Perpay does not check your credit score or report to the credit bureaus, it is an excellent substitute for credit card purchases. Rather than adding to your credit card debt, make small, straightforward, and automatic payments from your income over time.

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Is Perpay Weekly or Monthly?

Payments for your orders using Perpay must be done via a small payroll direct deposit of your paycheck. Direct deposit payments are timed to correspond to your pay cycle (i.e. weekly, bi-weekly, monthly, etc.). We require a single full payment equal to or greater than your minimum before we prepare your items for dispatch!

Does Perpay Report To Credit?

While Perpay does not check your credit score or report to the credit bureaus, it is an excellent substitute for credit card purchases. Rather than adding to your credit card debt, make small, straightforward, and automatic payments from your income over time.

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Does Perpay Build Credit?

Paying medical expenses in full does not normally build credit, unless they are charged to a credit card. Then they are treated like any other transaction, and paying on time and maintaining a low amount will enhance your credit.

Does Perpay run your credit?

While Perpay does not check your credit score or report to the credit bureaus, it is an excellent substitute for credit card purchases. Rather than adding to your credit card debt, make small, straightforward, and automatic payments from your income over time.

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How Long Does Perpay Take To Ship?

Following your initial payment, the majority of items are sent within 3-5 business days. For larger products (i.e. furniture or large appliances), our freight carriers typically deliver within 3-4 weeks of receiving your initial payment.

Are Perpay Payments Monthly?

Payments for your orders using Perpay must be done via a small payroll direct deposit of your paycheck. Direct deposit payments are made on a weekly, biweekly, or monthly basis, depending on your pay cycle. Following approval of your order, the following step is to set up your direct deposit payment.

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What Bank Does Perpay Use?

DiMarco transferred Perpay’s business from his former bank, Wells Fargo, to JPMorgan following negotiations. This bank established the streamlined, secure payment and reconciliation system required by Perpay to process transactions more quickly — but safely — and also provided funding for Perpay’s continuous expansion.

How Often Is Perpay?

Payments for your orders using Perpay must be done via a small payroll direct deposit of your paycheck. Direct deposit payments are timed to correspond to your pay cycle (i.e. weekly, bi-weekly, monthly, etc.). We require a single full payment equal to or greater than your minimum before we prepare your items for dispatch!

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Who Does Buy Now Pay Later?

Company Number of Installments Late Fees
Affirm Best Overall Varies None
Sezzle Best for Flexible Payment Plans 4 $10
Afterpay Best for Students 4 $10
Splitit Best for No Credit Check 3 to 24 None

Does Afterpay build credit?

Afterpay will not assist you in establishing credit, as it does not report its loans to credit bureaus. While this is beneficial for approval, its failure to reflect your positive payment history will also hurt your credit.

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How do I get in touch with Perpay?

Send an email to [email protected]

Making a call to 215-834-4200

Does Amazon use Afterpay?

In essence, Amazon does not accept Afterpay since the service is not financially viable for the huge e-commerce site. While many clothes and home stores have found success with Afterpay, Amazon does not need to rely on this payment mechanism to attract customers.

Where is Perpay Located?

Located in the center of dynamic Philadelphia, they’re developing a FinTech-enabled e-commerce marketplace that brings together high-quality businesses and responsible finance to better the lives of our neighbors and communities.

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How does Perpay Earn?

Rather than charging interest, Perpay generates revenue by acquiring things straight from retailers and then marking them up. The things are purchased directly via Perpay, which operates similarly to an online marketplace.

How does Perpay work?

Perpay’s no-interest, eight-instalment payment plan enables you to pay for large-ticket items in manageable instalments. To open a Perpay account, you must submit your most recent pay stub in order to establish your spending limit.

After your application is approved, you can begin shopping in Perpay’s marketplace, which has stores such as Ashley HomeStore and Nintendo. Payment installments will be debited from your account on a biweekly, weekly, or monthly basis, and additional payments can be made at any time using a credit card.

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How does Perpay Make Money?

Rather than charging interest, Perpay generates revenue by acquiring things straight from retailers and then marking them up. The things are purchased directly via Perpay, which operates similarly to an online marketplace.

Which payment methods are available for Perpay installments?

Payments must be made using payroll direct deposit, but you may also make additional payments using a credit card or verified bank account on file.

The benefits and drawbacks of Perpay

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Pros

Interest-free payments.

On its website, you may determine your spending limit in 60 seconds.

A low credit score will have no bearing on your eligibility.

Cons

According to online reviews, some items may be overpriced.

Each late payment may result in a $35 nonrefundable penalty.

Some online clients express dissatisfaction with the level of customer support.

Does Perpay check your credit?

No, credit checks are not conducted. Perpay will have no effect on your credit score as long as you make all required payments on time and in full. While Perpay does not report to credit bureaus, failing to make a payment can have a negative impact on your relationship with your bank or payment card issuer.

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Can Perpay help me improve my credit score?

You will qualify for credit building after four months of on-time payments. Perpay can help you improve your credit score by reporting your direct deposit payments to the credit agencies Experian and Equifax.

Is Perpay a secure payment method?

Your personal information is securely stored off-site in a cloud-based environment. Additionally, Perpay employs additional security measures such as session time-outs and Secure Socket Layer (SSL) certificate technology to encrypt all data.

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How to obtain Perpay approval

Before you begin using Perpay, verify that you are eligible. Several factors may preclude you from being approved, including the following:

Bankruptcies currently pending.

A salary of less than $15,000.

Unemployment.

Cell phone is not active.

Proceed with your application if you meet these eligibility requirements. Submit your most recent pay stub and you’ll receive confirmation, as well as information on your spending limit.

After that, you can begin shopping. Items will be shipped once your initial payment is deducted from your next pay period.

What is the minimum credit score required for Perpay?

Perpay does not conduct credit checks.

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Perpay fees

Perpay will charge you a late fee of up to $35 if you miss a payment. If payment is not received within six days of the due date, it is termed late.

Interest rates on perpay

Perpay does not charge interest on its transactions. However, even if the financing agency does not charge interest, using your credit card to make instalment payments will result in the application of the credit card’s interest rates.

How can I get in touch with customer service?

Contact Perpay’s customer support representatives using the website’s live chat feature.

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Send an email to [email protected]

Making a call to 215-834-4200

Alternatives to Perpay

Consider additional purchase-now-pay-later options. Consider using Klarna, Afterpay, or Affirm.

Conclusion

With the primary question ‘Is Perpay legit?’ answered, I hope you found this post informative. Even though the site has received conflicting reviews, it is still highly recommended.

There are no obnoxious hidden laws, which means that you can buy in peace. Keeping in mind that you do not have to spend a large sum of money at once.

With pay later apps gaining traction in the industry, Perpay is an excellent place to start. However, keep in mind that these sites require a consistent cash flow.

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