You can use Katapult on Amazon to buy now and pay later for several products with ease. The good thing is, it doesn’t impact credit score.
Katapult is a very popular name when it comes to lease-to-own shopping and you will find it in very busy shopping outlets and websites.
Whether you want to lease-to-own good furniture items, get new electronics, fix new auto parts to many others, this is one brand that comes to mind. Unfortunately, Amazon does not support it directly to buy your favorite items from the marketplace.
How to use Katapult on Amazon for shopping
You can use the below methods to spread the cost of Amazon purchases into lease-to-own options using Katapult:
Katapult single-use card
You can shop with Katapult on Amazon by generating a one-time valid buy now pay later virtual card. Here’s how:
On Amazon, select the pay with credit and debit cards option
After adding the items you want to buy to your Amazon cart, click “Proceed to Checkout” On the payment page, select the “Credit or Debit Card” option.
The process is not difficult, just shop as usual by adding the products you wish to buy to your cart and proceed to the checkout page for payment. After entering your delivery information, the next step is selecting your preferred payment method.
To finalize your order with Katapult on Amazon, click on “Add a credit or debit card.” This action will open a form where you can enter your Katapult virtual lease card details.
Log in to your Katapult App and apply for a lease
Yes, this is very much required as before you will be able to use Katapult on Amazon, there needs to be an approved lease-to-own request.
Once you are logged in, locate the Katapult Pay feature to start the application process.
Provide all required details, including complete Amazon order cost
Once the form page opens, you will have to provide the needed details like your income, social security number if you are a new user, contact details, and some others as may be required by Katapult.
In the space for the amount, ensure to fill in the correct payment costs, and add everything together including the delivery cost as your lease terms will be calculated based on the information provided by you.
You can then proceed to the next step once you are fine with the details filled out on the form.
Review and complete the lease agreement
After submitting your application, Katapult will process it and show a contract including:
- Initial payment: also known as the “down payment,” is the upfront amount you will pay before you will be able to generate a virtual that will enable you to use Katapult on Amazon
- Early purchase option: allows you to buy the leased asset (Amazon product) before the end of the lease term, often at a predetermined price or fair market value
- Cost of lease: the total amount you will pay over the lease term, including monthly payments, fees, and any additional costs associated with leasing an asset.
- Monthly payment: the amount you will be paying back per month throughout the period of the contract or before an early purchase
- Total payment: the Amazon product cost + Cost of lease
Note that the total amount of the Amazon product will be more than doubled the price when using Katapult as it will be treated as a lease-to-own order and this will also be shown on the contract page.
Review this and only proceed to the next step if you are satisfied with the terms of the contract.
Connect your debit or credit card and make the initial lease payment
After reviewing the contract and proceeding to the next page, you are required to make the first payment by connecting a valid debit or credit card.
This payment is not usually much and is mostly fixed at $45 or any amount determined by Katapult.
Get your Katapult Pay virtual card details
Once the initial payment is successful, the single-use virtual card will be generated which you can then input into your Amazon payment page to complete the transaction.
Using Katapult Extension on Amazon
Another method for using Katapult on Amazon to complete purchases is through its shopping extension.
This Chrome extension is a tool you can use across its eligible websites like Best Buy, Maingear, and other platforms that do not support it directly.
Note that this method is only possible if you are accessing through a computer as extensions are not supported on mobile devices through the Chrome browser.
Here is how to use it on Amazon:
Install the Katapult Pay extension
Once you visit the Katapult Pay extension page on the Chrome Web Store, you can install it by clicking the “Add to Chrome” button.
This action will get the Katapult Pay button added to your extension bar and can be used once you visit the Amazon Marketplace.
Visit the Amazon website and shop as usual
Once you have successfully installed the extension, you can then proceed by visiting the Amazon website.
Add all the items you want to purchase to your cart ensuring they meet eligibility to allow you to use Katapult on Amazon to complete the order.
Eligibility items on Amazon typically include products like electronics, furniture, appliances, tires, and items intended for long-term use, rather than those with a short lifespan.
So, you will not be able to use it for things like food, gift cards, clothing items, or others like firearms as may be determined by Katapult.
Proceed to payment page
Once you have added everything (eligible) to your cart that you want to pay with Katapult on Amazon, you can then proceed to the payment page.
Add your delivery details and everything required on the shipping form and then move to the add credit and debit card option.
Activate the Katapult Pay functionality
To the right side of your computer, click the Katapult Pay button on the Amazon checkout page. It will be similar to the below:
Once you select it, the functionality will be enabled and a new Katapult pop-up will be shown to you asking you to pay with Katapult.
Click that and proceed to the next step.
Click Proceed with Katapult Pay to start the application
After you click the mini pop-up to the right for “Pay with Katapult”, you will then get a landing pop-up similar to the one below:
Click the “Proceed with Katapult Pay” button to start providing the application details.
Ensure you provide all essential information
After accessing the form page, you will be prompted to input the necessary information, such as your phone number, income, social security number, and any other details as requested by Katapult.
In the designated field for the payment amount, please make sure to accurately include all payment costs, including the delivery fee, as your lease terms will be determined based on the information you provide.
Once you are satisfied with the information entered on the form, you can proceed to the next step in the process.
Review the contract terms and proceed
Once you have submitted your application, Katapult will process it and present a contract that includes the following details:
- Initial Payment: This is the upfront “down payment” you need to make before you can generate a virtual card that will enable you to use Katapult on Amazon.
- Early Purchase Option: This option allows you to buy the leased asset (Amazon product) before the end of the lease term, typically at a predetermined price or fair market value.
- Cost of Lease: This is the total amount you will pay over the lease term, including monthly payments, fees, and any additional costs related to leasing the asset.
- Monthly Payment: The amount you will be required to pay back every month for the duration of the contract or before an early purchase.
- Total Payment: This includes the cost of the Amazon product plus the cost of the lease.
Please note that when using Katapult, the total cost of the Amazon product will be significantly higher, as it is treated as a lease-to-own order. This information will also be detailed on the contract page.
Carefully review these terms and only proceed to the next step if you are content with the contract’s conditions.
Link your debit or credit card and complete the initial lease payment
After reviewing the contract and moving to the next page, you will need to make the first payment by linking a valid debit or credit card.
This initial payment is typically a nominal amount, often set at $45 or as determined by Katapult.
Retrieve your Katapult Pay virtual card details.
Once the initial payment is successfully made, a single-use virtual card will be generated.
You can then input this virtual card information into the Amazon payment page to finalize your transaction.
Using the Katapult Marketplace
You can also shop with Katapult on Amazon through its marketplace which is available to you through the mobile app.
Here is how to use Katapult on Amazon through the in-app marketplace:
On your Katapult app, search for Amazon on the marketplace
If you do not have the app, install it and proceed to its in-app shopping section or the marketplace.
You will see several merchants aside from Amazon on this marketplace including popular pay-later support shopping platforms like Sears, Wayfair, Home Depot, Mattress Firm, and others.
Search for and Select Amazon to start shopping
Once you click the option, the Amazon shopping portal will be loaded on your mobile view and you can start shopping.
Add all the items you wish to purchase to your cart, ensuring they meet the eligibility criteria for using Katapult on Amazon to complete your order. Eligible items on Amazon generally include products like electronics, furniture, appliances, tires, and items intended for long-term use, rather than those with a short lifespan.
Please note that you won’t be able to use Katapult for items like food, gift cards, clothing, or other categories as specified by Katapult’s guidelines.
You can proceed to the payment page.
After you have added all the eligible items to your Amazon cart for payment through Katapult, you can proceed to the payment page.
Ensure you enter your delivery details and complete all the necessary information on the shipping form. Then, navigate to the “add credit and debit card” option.
Click the “Pay with Katapult” button at the bottom
At the bottom of your app on the marketplace, click “Pay with Katapult” once you are fine with your order information shown on the Amazon page.
Clicking this will open the application page on your mobile phone within the Katapult Marketplace.
Enter every required details
When you access the form page, you will be required to provide essential information, including your phone number, income, social security number, and any other data as requested by Katapult.
After entering these, you can then proceed to the contract page to see the lease details.
Read and understand the terms
Upon submitting your application, Katapult will process it and provide a contract that outlines the following key elements:
- Initial Payment: This serves as the upfront “down payment” required to generate a virtual card, allowing you to utilize Katapult on Amazon through its in-app marketplace.
- Early Purchase Option: This feature enables you to purchase the leased asset (Amazon product) before the lease term’s conclusion, typically at a predetermined price or fair market value.
- Cost of Lease: This represents the overall amount you will pay throughout the lease term, including monthly payments, fees, and any additional costs associated with the asset’s lease.
- Monthly Payment: This is the regular monthly amount you need to repay for the contract’s duration or before executing an early purchase.
- Total Payment: This combines the cost of the Amazon product and the cost of the lease.
Please be aware that when using Katapult, the total cost of the Amazon product will be notably higher, as it’s treated as a lease-to-own order.
This information will be explicitly detailed on the contract page. It is essential to carefully review these terms and proceed to the next step only if you are comfortable with the contract’s conditions.
Connect your repayment method for the initial lease payment
Following a review of the contract and proceeding to the subsequent page, you will be prompted to make the initial payment by connecting a valid debit or credit card.
This initial payment is generally a modest sum, frequently around $45 or as determined by Katapult.
Copy the displayed virtual card details and paste them on the payment form
Once Katapult is able to receive your first payment, a virtual card will generated which you can copy to your mobile clipboard.
Simply take them and paste all required into the Amazon payment details fields to complete your order.
Using Katapult on Amazon FAQs
Here are some of the common questions asked regarding the use of Katapult on Amazon for lease-to-own shopping:
What exactly is Katapult Pay and how does it work on Amazon?
Katapult Pay is a virtual one-time-use card designed for online shopping in the United States.
When you create a one-time use card through Katapult, you will receive a unique card number that can be applied at checkout on the Amazon website.
Does using Katapult on Amazon affect credit score?
Using Katapult on Amazon requires no hard credit check hence, you do not need to worry as its soft inquiry has no real impact on your credit score.
Why is the Katapult virtual card declining payment?
There are several reasons why your Katapult Pay card might not be working for the transaction you are trying to pay for. This could be related to any of:
1. Higher order amount than the card created: the virtual card is a prepaid card hence, you need to ensure the total order value matches how much your card is worth. Include the Amazon delivery fee too if it is available.
2. Ineligible item: Katapult determines eligibility and you need to crosscheck that all the items added to your cart meet the requirement.
3. Invalid card: this could be due to an error of not entering the correct card details or the virtual card has been used previously for a transaction. Note that the Katapult Pay card is valid for one-time use.
4. Payment gateway issue: it could be related to a processor issue with Amazon or Katapult. You can check with the Katapult team for a possible workaround.
Can I return products purchased with Katapult on Amazon using the virtual card?
Yes, you simply need to follow the Amazon return guidelines and process it back to them.
While requesting a refund, ask Amazon to process it to the original payment method which is the Katapult Pay virtual card.
Even though you cannot use the card for a new transaction, it can still receive refunds. Once you have informed Amazon of this, contact the Katapult support team to let them know you are expecting a refund from Amazon for an earlier purchased item.
What credit score is required to use Katapult on Amazon?
Katapult does not rely solely on your credit score before you will be allowed to use it on Amazon.
You can still be granted purchasing credit even if you have a bad credit score but meet some of its other requirements.
What is the cost of using Katapult on Amazon?
While it is free to get started with using the Katapult platform, an approved Amazon lease-to-own purchase could cost twice the price of the product.
The best practice is to use the early purchase option and save on long-term leasing costs.
Amazon is a fantastic place to buy all sorts of things. It is important to have options when your budget is tight.
One great option is using Katapult on Amazon. With this, you can buy what you need now and pay for it later when you have the money, as long as you have an account.
Adding Amazon to your list of favorite stores for this kind of flexible shopping makes a lot of sense. It is a smart way to get what you need, even when you are short on funds.
But, ensure to use the early purchase option to buy out the product as using Katapult could be very expensive long-term.
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