FlexShopper is an online lease-to-own platform and may be expensive if you do not use the early buyout option.
For individuals seeking product financing with less-than-ideal credit, rent-to-own options offer an alternative, allowing them to enjoy the benefits of buying now and paying later.
FlexShopper is one such platform that facilitates lease-to-own arrangements for items like furniture and electronics through its online portal.
However, it is essential to note that this financing option can be relatively expensive, often resulting in costs double or triple the original item price.
What is FlexShopper?
FlexShopper specializes in rent-to-own services, providing a convenient option for customers to make installment payments on products sourced from major retailers such as Best Buy.
FlexShopper
Credit Check
Soft
Min. Value
Varies
Max. Value
$2,500
FlexShopper serves as a flexible and alternative choice for individuals in search of a rent-to-own shopping option.
Prioritizing flexibility and convenience, FlexShopper provides a leasing service similar to LeaseVille, eliminating the need for an upfront payment and granting users the freedom to cancel or return items at their discretion.
FlexShopper’s leasing process is designed for accessibility, requiring no credit check; approval hinges on a steady income and an active checking account alongside your SSN or ITIN.
Offering diverse ownership options, including rent-to-own, early buyout, or month-to-month renting, FlexShopper prioritizes flexibility.
This approach aims to improve cash flow and provide adaptability without stringent credit requirements.
While acknowledging the potential for a higher total cost compared to outright retail purchases, FlexShopper underscores the advantages of its no-commitment rent-to-own program.
Additionally, the platform enhances convenience by allowing in-store pickup from nearby Best Buy outlets for swift delivery.
FlexShopper Alternatives Compared
Here are some other sites that allow product financing like FlexShopper and possibly with better offerings:
Amazon Monthly
Credit Check
None*
Min. Value
$50
Max. Value
Varies
Tip: Probably the best alternative to FlexShopper if you are able to get financing through its monthly payment provided through varying options.
Amazon Monthly Payment Options
Citi Flex Pay
- Citi Flex Pay allows Citi credit cardholders to convert eligible purchases into monthly installment plans.
- To make use of this for monthly payments on Amazon, just connect your Citi credit card to your Amazon account. You’ll be able to choose Citi Flex Pay during checkout for a cart total of up to $50, allowing you to access this option.
Amazon Pay in 5
- The Pay-in-5 feature has gained popularity among Amazon shoppers as a favored monthly payment option. However, it’s essential to be aware that this interest-free financing alternative is available to a specific group of customers and is applicable only to certain eligible products.
Affirm Monthly
- Affirm provides the option for monthly payments on Amazon for eligible purchases that surpass $50. When customers select Affirm at checkout, they can enjoy 0% APR on payment plans available for 3 months, 6 months, or 12 months. This feature extends to various qualifying products, such as Samsung and OnePlus smartphones, OnePlus accessories, and Dell computers.
Amazon provides a range of monthly payment choices for extended product financing, allowing users to make purchases through convenient installments.
With attractive zero-interest terms extending up to 12 months, these options offer a compelling alternative to lease-to-own plans offered by companies like FlexShopper.
The pay-in-5 service, a popular monthly financing option for Amazon purchases, is accessible to eligible customers who frequently use the platform.
Alternatively, Citi credit cardholders can leverage the Flex Pay feature, enabling them to split their purchase costs into manageable installments.
Affirm serves as a direct buy-now-pay-later service on Amazon, providing interest-free financing for up to 12 months on select items and categories.
Whether through the pay-in-5 option, Flex Pay with a Citi credit card, or Affirm, Amazon offers diverse financing choices for users seeking convenient and flexible payment plans.
Prime Visa Installments
Credit Check
Yes
Min. Value
$50
Max. Value
Varies
Tip: Amazon Prime Visa is a credit card that has a buy now pay later feature built into it and as a new user, you can enjoy interest-free financing up to 12 months.
The Prime Visa stands out as a credit card with inherent buy now pay later features, offering cardholders a range of benefits.
Issued in collaboration with Chase Bank by Amazon, this card provides numerous perks, notably interest-free financing options at a number of retailers that accept Amazon Pay during promotional periods.
Its unique blend of buy now pay later capabilities, coupled with the backing of Chase Bank, enhances the shopping experience for cardholders by providing flexible and advantageous payment options.
The Prime Visa is a versatile tool, allowing users to manage bill payments through convenient installments and offering a rewarding 2% cashback on gas station purchases.
As an Amazon Prime member, the cashback perks increase, reaching up to 10% on specific products and at select retailers.
The inclusion of a physical card enhances its appeal, enabling offline purchases that can later be converted into a buy now pay later arrangement through the Chase app using My Chase Plan.
This feature distinguishes Prime Visa from FlexShopper, offering users a seamless offline-to-online payment experience and advantageous cashback incentives.
Abunda
Credit Check
Varies
Min. Value
$300*
Max. Value
$5,000
Tip: Abunda is a shopping gateway that enables you to buy products on Amazon and pay in installments with Acima, PayPal, PayTomorrow, and Klarna.
Abunda serves as a financing gateway, facilitating the purchase of Amazon products with the convenience of pay-later options not directly supported on Amazon.
Among its financing choices is Acima, a reputable lease-to-own payment provider widely accepted by numerous merchants across various platforms.
Abunda boasts a distinct advantage over FlexShopper with its extensive product inventory sourced exclusively from the Amazon marketplace.
This feature expands the array of available products, providing users with a broader selection to meet their diverse needs.
Notably, Abunda’s innovative paste tool sets it apart by enabling users to seamlessly convert any Amazon product link into a lease-to-own or pay-later option.
This user-friendly tool enhances flexibility and convenience in selecting products eligible for installment payments.
It is important to note that Abunda operates without maintaining a physical inventory, ensuring that all ordered products are shipped directly from Amazon upon successful completion of the transaction.
Best Buy Progressive
Credit Check
Soft
Min. Value
$250
Max. Value
Varies
Tip: Best Buy also supports electronics lease-to-own both online and at any of its retail locations through its acceptance of Progressive.
FlexShopper primarily relies on Best Buy for in-store product pick-up when requested by customers.
For added flexibility and potential cost savings, you have the option to choose the Progressive Leasing alternative directly through Best Buy.
This choice may present a more economical solution, as prices on FlexShopper are slightly higher compared to utilizing Progressive Leasing through Best Buy.
Best Buy features an extensive product range, including items like laptops, TVs, appliances, and more.
Its broad inventory and convenient physical locations make it a preferred choice for many lease-to-own service providers for order fulfillment.
It enhances the customer experience by providing flexible financing options, including store credit cards.
This card, offered by Citi, facilitates purchases with promotional APR, adding an extra layer of financial flexibility for customers.
Wayfair Financing
Credit Check
Soft
Min. Value
Varies
Max. Value
$5,000
Tip: If you want a lease-to-own furniture option, you can also check Wayfair as it offers different payment methods including Acima and Katapult.
Wayfair, a well-known online retailer specializing in furniture and home goods, boasts an extensive product catalog catering to every room in the house.
The platform offers a diverse selection of furniture, decor items, and appliances, making it a comprehensive destination for individuals with different styles and budget considerations.
It offers a flexible approach to financing, allowing customers to purchase products from its extensive inventory and defer payments using various financing options.
Options like Affirm, Citizens Pay, and Bread Pay provide alternatives for those looking to manage payments conveniently.
Additionally, for individuals interested in lease-to-own financing, Wayfair is integrated with providers like Katapult and Acima.
These financing solutions are designed to accommodate customers with varying credit scores, making them accessible even for those with less-than-ideal credit.
How FlexShopper Works
FlexShopper streamlines the acquisition of popular electronics, appliances, furniture, fitness equipment, and more with a user-friendly process.
You can start by adding desired items to your cart and registering an account if you currently do not have one.
At checkout, customers fill out an online application for instant eligibility determination, potentially securing a spending limit of up to $2,500.
Upon approval, customers review and sign the lease agreement.
After completing the signing process and clearing the initial payment, instructions for pick-up or delivery are emailed.
Periodic rental payments start, providing flexibility for ongoing renting.
Customers can choose to own the item with the final payment or an early buyout, or they may return and cancel the monthly contract at any time.
FlexShopper ensures a hassle-free and adaptable rent-to-own experience.
How to Use FlexShopper for Lease-to-own Purchases
The below steps explain the process involved when shopping on the FlexShopper portal:
Visit its homepage
Commence your shopping experience by exploring the website, where you will find all the necessary information to use the rent-to-own service.
The portal is structured in an e-commerce style, presenting products across different categories.
Users can easily navigate, search for specific items, and add them to their cart for a straightforward shopping process.
Search for an item or select a category
FlexShopper, similar to other shop-now-pay-later platforms, features an e-commerce-style interface with a convenient search form.
Utilize the search function to find specific products available for lease.
Alternatively, explore various categories by clicking on the provided links to browse the selection of items.
Add products you need to cart
As you explore the product selection, you can easily add desired items to your cart.
It is important to be mindful of the platform’s maximum limit of $2,500, ensuring that the total value of your cart remains within this threshold to avoid any complications during the checkout process.
Review your cart
After adding your desired items to the cart, the platform will display the required periodic minimum payment, typically weekly.
It is essential to review this information to ensure that the scheduled payments align with your budget and are convenient for you to manage once your order is completed.
This step allows you to decide before proceeding with the lease-to-own arrangement.
Continue to checkout
Upon reviewing the items in your cart and confirming your satisfaction with the displayed periodic payment schedule, you can proceed to the checkout page to initiate the contract process.
This step marks the beginning of the lease-to-own arrangement, where you will enter into the necessary agreements to complete the transaction.
Sign in or create an account
Clicking the “Continue” button will lead you to a form, as shown below, prompting you to enter your email to log in or you can create a new account using the option at the top, based on your preference.
You will need access to your account to proceed with the subsequent steps.
Fill in your billing and shipping details
During this phase, you will be prompted to input your billing details, including your full name, address, zip code, city, and state.
Additionally, your phone number will be required for verification through a one-time passcode sent to it.
You will also have the option to choose your preferred delivery method, whether it is home delivery or pick-up at a nearby Best Buy retail store.
This flexibility enhances the convenience of the leasing process.
Review and continue to the agreement page
While you can edit the provided information at later stages, it is advisable to review it initially to ensure accuracy and avoid potential complications later on.
Once you have confirmed that your billing and shipping details are accurate and as intended, you can proceed to the contract and payment stage with confidence.
Review the contract carefully and every applicable term
Upon reaching the contract page, take the time to thoroughly review its contents and ensure a comprehensive understanding before proceeding.
The contract will outline all terms, including your periodic repayment minimum, early purchase option, and the total cost of the lease.
This careful examination ensures you are informed about the terms and conditions, promoting transparency and clarity in your leasing agreement with FlexShopper.
Provide needed details and submit application
Upon receiving the contract, you will provide necessary information such as your income, social security number, and other relevant details.
Submitting this information initiates the order processing. The decision is made online within minutes, and you will be promptly notified of the approval status.
If your application is successful, instructions on receiving your order, based on your chosen delivery preference (pick-up or home delivery), will be sent to you.
This streamlined process ensures a quick and efficient experience for users, from providing information to receiving approval and order instructions.
FlexShopper Frequently Asked Questions
Here are some frequently asked questions regarding the use of FlexShopper for lease-to-own shopping:
What is FlexShopper?
FlexShopper is an online rent-to-own service provider that facilitates flexible financing options for various products.
Operating through an e-commerce-style platform, FlexShopper allows users to browse and select items from its inventory, ranging from electronics and appliances to furniture and fitness equipment.
Customers can add desired products to their cart and proceed with a rent-to-own arrangement, enabling them to make periodic payments over a specified period.
What is the FlexShopper limit?
FlexShopper has a maximum financing limit of $2,500.
However, there is no specified minimum, granting flexibility for users to lease products listed on the shopping platform based on their needs and preferences.
Does FlexShopper report to credit bureaus?
Most lease-to-own activities on FlexShopper, including financing, are not reported to credit bureaus but if you default on payment, it may affect your FICO score.
The platform conducts a soft inquiry as part of the order request approval process, ensuring that your credit history is not impacted by your engagement with the service.
Can I cancel an order on FlexShopper?
FlexShopper offers users the flexibility to cancel an order at any time before it is shipped.
Additionally, if you receive a product and are unsatisfied with it after the initial lease term, you have the option to initiate a return.
The condition of the item should be maintained in good condition for the return process.
Does FlexShopper run your credit?
Yes, but a soft credit check is required to determine a spending limit you can use to lease any products in its inventory.
This check only happens during the order process but the platform does not report repayment activities to the credit bureaus hence, it will not grow your credit score.
Is FlexShopper legit?
FlexShopper is indeed a legitimate online rent-to-own service provider.
The platform facilitates product delivery through established retailers such as Best Buy.
This legitimacy ensures that users can confidently engage with FlexShopper’s rent-to-own services and expect reliable delivery of products through reputable retail channels.
How to use FlexShopper on Amazon
FlexShopper operates as a rent-to-own service provider with its own shopping platform. It is not a financing payment processor like some other services. Therefore, you cannot use FlexShopper directly on external platforms like Amazon.
Instead, you browse and purchase items within FlexShopper’s own inventory, entering into a lease-to-own agreement for those specific products.
What are the requirements to use FlexShopper for rent to own?
To be approved for FlexShopper, you need to meet certain requirements, including having a non-prepaid checking account, a steady income of at least $2,000 in the last six months, a social security number or ITIN, an active cellular phone number, and proof of employment or a steady income source.
Meeting these criteria helps demonstrate your financial stability and ability to fulfill the terms of the lease agreement.
Who accepts FlexShopper?
FlexShopper’s financing is specifically designed for use within its own shopping portal.
It allows customers to lease-to-own products directly from FlexShopper’s inventory.
The financing option is not applicable for use on external platforms or retailers, and it is limited to the products available on its website.
Though you might see it mentioned on some shopping portals, it will only grant you credit and then ship your order through its partners.
How long is the FlexShopper rent-to-own payment option?
FlexShopper provides flexibility in payment terms by allowing customers to pay in installments for up to 12 months.
However, it is important to be mindful of the total cost associated with the lease.
While the option to pay over time can be convenient, it may result in a higher overall expense due to additional fees or charges.
Therefore, customers should carefully review the terms and conditions, including any potential increase in the total cost, before opting for the lease-to-own payment plan.
It is advisable to assess whether the convenience of paying over time outweighs the potential additional costs.
What is similar to FlexShopper?
There are many websites that provide similar services as FlexShopper, some of them include:
1. Abunda: has a lease-to-own option through its integration with Acima.
2. LeaseVille: maintains its marketplace and supports order fulfillment through Best Buy which is very similar to FlexShopper
3. ElectroFinance: this is another very well-known rent-to-own online service provider that also relies on Best Buy for pick-up fulfillment
Other platforms that are accessible through payment gateways of many retailers you can explore include:
1. Acima
2. Katapult
3. Progressive Leasing
Can you pay monthly with FlexShopper?
FlexShopper offers customers flexibility in choosing their payment frequency. Whether it is weekly, bi-weekly, or monthly, customers have the option to align their payment schedule with their preferred financial timeline.
This flexibility is designed to accommodate different budgeting preferences and make the lease-to-own process more convenient for individuals with varying financial situations.
By allowing customers to tailor their payment frequency, FlexShopper aims to enhance the overall experience and ensure that individuals can manage their payments in a way that aligns with their specific needs and financial capabilities.
Will FlexShopper repossess items?
Yes, FlexShopper has the right to repossess the items if you default on payments.
Until you complete the lease-to-own payments or choose the early purchase option, the items remain the property of FlexShopper, and failure to meet payment obligations may result in repossession.
It is crucial for customers to adhere to the agreed-upon payment terms to avoid any issues and ensure a smooth leasing experience.
Considering the potential cost implications, it is advisable to explore alternative financing options before committing to FlexShopper’s lease-to-own payments.
While the early purchase option can provide savings, it is essential to weigh the overall expenses and compare them with other financing alternatives.
Exploring different financing solutions, especially those with more favorable terms could offer more cost-effective and budget-friendly options.
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