What You Need To Know About Quadpay

Get the scoop on this buy-now-pay-later service

A shopper pays for a purchase with Quadpay.

Eva-Katalin / Getty Images

Quadpay is one of several buy-now-pay-later (BNPL) options available to consumers. These services have grown in popularity over the last couple of years. A March 2021 survey from Mercator Advisory group predicts the BNPL industry will jump from $55 billion in 2021 to $114 billion in 2025. 

Quadpay’s concept is simple: Make a purchase today and split the payment into four equal interest-free installments. Shoppers can use Quadpay for both online and in-person shopping. Learn more about how it works and if it’s right for you.

How Does Quadpay Work?

As the name implies, Quadpay lets you split any online payment into four installments over a six-week period. Once you download the app and link your payment source (a credit or debit card), you can use Quadpay to pay for your online purchases. Then, Quadpay bills your payment source four times starting on the date of purchase and then every two weeks after.

Quadpay also offers the ability to use your app for in-store purchases and is planning to roll out a physical Quadpay Visa card.

Is There a Minimum Purchase Size When Using Quadpay? 

Quadpay doesn't set a specific minimum purchase amount. Instead, individual merchants can adjust the minimum and maximum spending limit that they will accept via Quadpay.

Is There a Maximum Purchase Size When Using Quadpay?

Yes. Quadpay determines what your spending limit is every time you try to place an order. Some transactions may be denied if they are above the limit for which you qualify.

For certain purchases, you may be given the option to leave a higher initial payment if the purchase price exceeds your approved limit. So, if the purchase is $150 and you have a $100 limit, Quadpay may give you the chance to pay $60 upfront, bringing your balance ($90) down below your limit of $100. The remaining installments will be split into three $30 payments.

Do Products Bought With Quadpay Ship After First Payment?

Once you complete your transaction, your items will ship the same way they would if you used a different payment method.

Can I Use Quadpay To Pay Bills?

Yes. As long as you have the available balance, you can pay bills with Quadpay. The service's bill-pay feature sets it apart from other BNPL lenders.

Is There a Credit Limit?

Quadpay gives each user an available balance they can use for any purchase. While there is no limit to the number of items you buy or places you shop, you are limited by how much your available balance is. You can see your balance in the app, and the amount will adjust as you make new purchases and payments, just like with a credit card.

How Can I Increase My Credit Limit?

You cannot ask Quadpay for a credit-limit increase. Your limit will fluctuate automatically based on your spending and Quadpay’s analysis of your spending history, how long you’ve been a customer, and other factors. 

You can pay your balance back early to replenish your available balance faster. 

Does Quadpay Affect Your Credit Score?

Your credit score won’t get dinged when you sign up for Quadpay, but late payments could hurt your credit. 

Does Quadpay Check Credit?

Quadpay does not use a hard credit check during the approval process, which means your credit score will not be affected when you sign up. However, Quadpay states that it does use credit-related information in connection with your application and account use.

Does Quadpay Report Your Activity to Credit Bureaus?

Though some buy-now-pay-later services may help improve your credit, Quadpay does not report on-time payments to credit bureaus. However, Quadpay may report your account to credit bureaus if you don’t make payments and your account goes to collections.

Also, keep in mind that if you use a credit card to pay your Quadpay balance, but you don’t make your credit card payment on time, your credit card issuer may report your late or delinquent payments to the credit bureaus. (On the other hand, your credit card issuer will also likely report on-time payments to the bureaus, which can help build your credit.)

Quadpay notes that the main reason accounts go to collections is that payment cards on file are expired and can’t be used to make an installment payment. You can avoid this issue by adding a backup card to your account.

What Credit Score Do You Need To Use Quadpay?

Quadpay does not list a minimum credit-score requirement. Your credit information plays a part in Quadpay’s application decision, but the company doesn’t share the details of its decision process, so it’s hard to know how much of a role your credit plays in your approval.  Quadpay says it’s constantly tweaking its eligibility requirements for both new and existing customers in order to serve as many people as possible.

Does Quadpay Charge Interest?

Quadpay’s installment plans are interest-free. 

Does Quadpay Charge Fees?

Each time you use the Quadpay app for a purchase, you will incur a $1 convenience fee per installment payment. Beyond that, there are no other fees except if you are late with your payments. The late fee is $5, $7, or $10 depending on your state, and Quadpay will add your late fee to your next installment payment. You can make payments early without penalty if you want to increase your available balance.

Is Quadpay Safe?

When you sign up, Quadpay asks for your name, address, date of birth, a U.S. mobile number, and your payment method (either a debit or credit card). Then, when you use the app for a purchase, you get a virtual card number for one-time use. This is a secure way to complete an online transaction since the virtual number is not tied to your actual personal account information.

As far as your finances go, your installment payments are set automatically so you don’t have to remember to pay every two weeks. Just be sure you have the funds to cover your payments and that you have a backup card on file to ensure payments are made on time and your account avoids collections.

Do not save your Quadpay virtual card as your preferred payment method on any website. Since it’s a virtual card number unique to just one purchase, it won’t work for future transactions. 

Stores That Accept Quadpay

You can use Quadpay with any merchant that accepts Visa, including:

  • Nike
  • Ugg
  • Fashion Nova
  • Walmart
  • Target
  • Apple
  • Best Buy
  • Gamestop
  • Sephora

You cannot use Quadpay to pay for certain items, including e-cigarettes, vaping and cannabis.

How To Use Quadpay Online

To use Quadpay online, you need to be in the app. Search the app to see if the retailer is listed. If you find the store you want, do your shopping as normal within the app, and then click the “Pay with Quadpay” button at checkout. Quadpay will generate a virtual card you’ll use to pay for your purchase. Then, you’ll receive the details of how much your installment payments will be and when they’re due. Once you accept these terms, you’ll enter your card information and complete the payment.

Make sure you request enough funds to cover any additional amounts above the purchase price, such as taxes and shipping. It’s OK if you’re a little over—Quadpay will show you your estimated installment costs, and then adjust the amounts once the transaction clears.

How To Use Quadpay on Amazon

To use Quadpay on Amazon, you’ll need to access Amazon through the Quadpay app, just like any other retailer. You’ll have to add a new payment method in the checkout screen, and then select “Pay with Quadpay.” Follow the steps and the Quadpay virtual card number should autofill into the Amazon form. Click “Add your card,” and then click through to confirm the payment method and purchase.

How To Use Quadpay in Stores

You can use Quadpay for in-store purchases, too. In the app, choose the “In Store” tab (it’s right above your balance). Then, complete the rest of the transaction by requesting enough funds to cover taxes and other fees. Once you agree to the estimated installment plan, you’ll get a virtual card number that you can pay with. You can either provide that information to the merchant, or you can add the card to Apple Pay or Google Pay and then just use your phone. 

How Do Returns Work When Using Quadpay?

If you need to return merchandise, work with the retailer directly to get your refund. Once it’s initiated, you’ll be reimbursed the amount that you’ve paid so far to Quadpay, and any future installments will be canceled. (Quadpay notes that Fashion Nova is one retailer who may give you a store credit for returns, rather than a refund. In that case, you’ll still be responsible for paying the Quadpay loan).

How Do I Pay Quadpay?

The debit or credit card you give Quadpay will pay your installments. Quadpay does not accept pre-paid cards, PayPal, ACH bank transfers, or money orders as a payment source. If you want to pay with a physical check, you can do so. Just be sure to include the specific Quadpay order number in the memo line.

What Happens If I Don’t Pay Quadpay?

If you fail to pay, Quadpay will send your account to collections.