Powerpay
Website
PowerPay was built with one major goal in mind: to eliminate fees in the banking industry that have prevented businesses and consumers from using financing to make large purchases more affordable. Banks and other financial institutions charge businesses with expensive and unnecessary fees in order to offer loans to consumers.

Those additional costs then get passed along to the consumer, resulting in a larger loan with higher interest rates. This industry challenge is what led to our mission of offering fair and affordable loans to consumers through our network of partners including home improvement contractors, solar dealers, medical practitioners, and recreational vehicle dealers who share the same goal.
Services
PowerPay, LLC ("PowerPay") Merchant Application ("Application") is submitted, by or with proper authority, on behalf of the named merchant or business ("Applicant"), for approval for participation as a merchant in the PowerPay consumer credit program. 2. Applicant acknowledges that the Application will be used for the purpose of qualifying the Applicant for participation in the PowerPay Program.
Thank you for considering PowerPay's merchant lending program. If you are a home improvement professional, solar dealer, recreational vehicle dealer or healthcare provider looking to start lending to your consumers or patients, you're in the right place! To expedite your enrollment, you'll be required to provide some basic ownership information along with a certificate of insurance in order to be approved for our lending programs.
Reviews (5)
Beth McClanahan
Beth McClanahan
Jan 05, 2021
Report
Critical: Professionalism
This is a shady business, refusing to pay approved contractors after 20,000 of people’s own money has been put into the job, and right before Christmas. Take your business elsewhere!
Abbie Meadows
Abbie Meadows
Nov 12, 2020
Report
Scam approves contractors to do work and when it’s completed refuses to pay! They say we need to use a different one that they recommend that will take a large fee! Then we must ow the difference to the original contractor they approved!
Steve Kinsy
Steve Kinsy
Oct 09, 2020
Report
Do NOT trust what Mike Petrakis (the CEO) says to you as an employee or business. Whatever he says will be a version of the truth or a lie. You have been warned.
Jon Foden
Jon Foden
Jul 06, 2019
Report
Powerpay is very easy to work with, customer care and accessibility are beyond reproach. Mike Stoner not only makes it easy to do business with Powerpay but his professionalism and attention to detail make him an asset to Powerpay!
Tom Burns
Tom Burns
Sep 29, 2018
Report
Tom's Heating and Cooling likes the team at Powerpay. This is now my only finance option I use for my HVAC company!