Perpay Reviews

There are two ways to use Perpay’s BNPL services:

• Credit card: An unsecured Mastercard that’s paid off in regular installments with funds drawn directly from your paycheck. When signing up, you’ll link your payroll information, and a portion of your paycheck will be directly deposited into your account each pay period. Credit limits start at $300.
• Perpay Marketplace: An online marketplace where consumers can make BNPL purchases up to $1,000 with no additional interest or fees. To use this service, submit your payroll information at checkout. If approved, choose your payment plan, and funds will be taken from your future paychecks via direct deposit. Cardholders receive 2% back in rewards on purchases made from the Perpay Marketplace.

As of March 2026, the annual percentage rate (APR) for the Perpay Mastercard credit card is 27.74% to 29.99% (depending on your creditworthiness) plus the Prime Rate. This rate applies anytime your balance isn’t paid in full.

Perpay’s Marketplace and credit card have different fee structures.

Perpay states that Marketplace purchases have no added interest or Marketplace fees; you repay the purchase price in installments through paycheck deductions.

However, there are some added fees associated with the Perpay Mastercard credit card:

• One-time account opening fee: $9
• Monthly card fee: $9
• Late payment fee: $24
• Returned payment fee (insufficient funds): $24
• International purchase transaction fee: 3%
• Metal card fee (optional, adds tap-to-pay): $35

Perpay applications are handled online and require employment and income information rather than a traditional full credit application.

• Credit card: To apply for the Perpay Mastercard, you apply online by entering your contact information, Social Security number, employer name, pay cycle and average paycheck amount. Most applicants receive approval within 60 seconds, and applying won’t affect your FICO credit score. If approved, you’ll receive your card by mail and then set up direct deposit from your paycheck to make your monthly payments.
• Marketplace: To use the Perpay Marketplace, you create an account, confirm your identity and provide payroll information so Perpay can estimate your spending limit and set up direct deposit splits. You can then make purchases on the Marketplace that are paid back in installments drawn directly from your paycheck. Your spending limit is based on your estimated net pay, but it can increase over time when you accumulate a history of on-time payments. There is no hard credit check for Marketplace eligibility.

Yes, Perpay is a legitimate company that was founded in 2017. It became a Certified B Corporation in 2025, meaning it meets certain environmental and social standards. It partners with Celtic Bank to issue the Perpay Mastercard and reports payments to major credit bureaus for Perpay+ users, though you should still review all terms and compare total costs with other credit-building tools.