NPP Pay Later: FAQ

What is NPP Pay Later?

NPP Pay Later is a value-added service that allows you to offer customer financing at the point-of-sale. We fund your customers’ purchases, acting as a convenient alternative payment source for them, and a safe processing solution for you!

How does this product work?

NPP Pay Later offers installment loans which allow customers to pay for purchases of $125.00 to $10,000 in equal payments with terms from 3-24 months. This makes purchasing products and services convenient, affordable and easy to budget for. Each payment can be automatically deducted from customer bank accounts through an electronic transaction so there is no need for customers to worry about missing a payment. Customer information and passwords are all protected.


NPP Pay Later pays you the sales price of a transaction, while your customers pay back in small increments.

How do my customers apply for Pay Later loans?

The customer application is currently processed on a dedicated Pay Later tablet (we provide the tablet to you). The application process is easy and fast. All we need is the customers’ full name, address, date of birth, email, mobile number, social security number and gross annual income. The entire process should not take more than 2-3 minutes from start to finish.

Am I liable for a customer default?

This transaction is 100% safe for you. You will be funded the sales amount within 48 hours of the customers’ approval and transaction. The customer will pay back monthly installments directly to Pay Later. No merchant chargebacks or recourse.

Merchants are not liable for customer payments and do not have contingent liability, except in the case of merchant fraud.

How much does this cost?

Merchant Cost: 5.99% (% of amount funded) + $1.25 to $1.80 (per transaction; based on processing volume).

Customer Cost: Consumer APR - 22.95% (Approximate. Installment terms of 3, 6, 9, 12, 18, 24 months offered)

NO consumer setup or origination fees!

IS there a credit check on the customer?

A soft credit check is processed. Your customers’ credit will not be affected.

Is every customer going to be approved for a loan?

In general, Pay Later supports lending to FICO 620+. But less than prime credit customers are many times approved and pay less than current prime lending rates offered by lenders.

Does NPP Pay Later support all business types?

Pay Later is available in most retail verticals and is available in 47 states.

This sounds complicated to offer to my customers. How is this supposed to fit into my marketing/sales?

Don’t worry! Pay Later is very simple to use, and the transaction itself just takes a minute or two. We offer you complete training on how to offer the product and process a transaction. We also supply you with the tablet and marketing like window stickers, table tents and hang tags. We want to make this easy (and profitable) for you.

Why should I offer an alternative payment option like Pay Later in my business? My customers are fine with paying cash/card. . .

That’s a great question! Here’s a few stats that show why alternative consumer lending options are becoming a more popular part of the payment industry:

  • 57% of Americans have less than $1000 in savings

  • 43% of customers desire to purchase more items than planned

  • 30% of sporting goods customers would prefer to upgrade their existing equipment

  • 46% of consumers do not typically qualify for prime credit financing

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  • The unsecured loan market hit an all-time high in 2018, surging to $138 billion. (See left)

  • 65 million consumers have FICO scores below 700

  • 32% of consumers do not have a credit card

We would love to answer any more questions or help you get started offering Pay Later in your business.

Just call 1 (800) 909 - 2124!