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, and if approved, choose your payment plan, and funds will be taken out of your future paychecks via direct deposit. Cardholders receive 2% back in rewards on purchases made from the Perpay Marketplace.

The annual percentage rate (APR) for the Perpay Credit Card is 20.99% plus prime. This rate applies anytime your balance isn’t paid in full. As of August 2025, the APR was 28.49%.

There are some fees associated with the Perpay Credit Card:

• One-time account opening fee: $9
• Monthly card fee: $9
• Late payment and insufficient funds: $24
• International purchase transaction fee: 3%

• Credit card: To get a Perpay Credit Card, you can 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. Once approved, your card is shipped, and you can use it anywhere Mastercard is accepted.
• Marketplace: To use the Perpay Marketplace, create an account with your personal and payroll information. 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.

Yes, Perpay is a legitimate company that was founded in 2017. It became a Certified B Corporation in 2025, which means it’s met certain environmental and social standards. Perpay cardholders can also build their credit since the company reports payments to the three major credit bureaus for those enrolled in Perpay+, and says members increase their credit score an average of 32 points within the first three months.