Pay electricity bills now pay later apps enable you to manage your power bills by deferring the payments through convenient installment plans.
Not every month is financially comfortable, and you may need to allocate funds for essential expenses rather than dealing with mounting electricity bills.
The good news is that there are flexible options available to help you manage your bills without stress. You can use apps that allow you to easily split your electricity bill payments, similar to how buy now, pay later apps work for shopping.
In fact, some of these bill payment apps offer the convenience of settling your electricity bills in four manageable payments, making the process more accessible and less burdensome.
Best Pay Electricity Bill Now Pay Later Apps
Here below are the top apps that let you settle your electricity bills in installments:
Klarna
Limit
Varies
Interest
0%
Credit Check
Soft
Tip: Klarna is known for its shop now pay later payment service but with its recurring payment-suitable virtual card, you can now handle your electricity bills in installments.
When it comes to buying now pay later apps, there are a few that have the features provided by Klarna, which makes it a big destination for many people in need of pay-in-4 solutions.
Previously, it used to only have a single-use valid virtual card which was only a good option to pay-in-4 on shopping websites but not suitable for some instances, especially for recurring bills like electricity and other utility payments.
Fortunately, there is now a perfect Klarna card that can be used to spread payments for things that require settlements on a frequent basis.
While the Klarna card offers attractive benefits when compared to its single-use counterpart, it does come with the stipulation of a monthly fee.
To maintain the card’s active status, a monthly fee of $4.99 is necessary. This fee is billed to your selected preferred repayment method.
The Klarna app provides comprehensive security management for your Klarna card, offering a range of remarkable features to ensure seamless card control.
Among these features is the ability to easily freeze and unfreeze the card according to your preferences, allowing you to decide when to enable or disable its usage. The freeze functionality is particularly beneficial for preventing unexpected charges from services you no longer require or in case of a misplaced card, safeguarding against potential misuse.
Additionally, within the app, you have access to a menu that grants you control over where the card can be used. You can toggle settings to enable or disable its usability for various channels, including online transactions, international payments, and contactless payments through devices. This level of control enhances the security of your Klarna card.
Another way you can use your Klarna purchasing power to make payments for your electricity bills is through its browser extension which you can install on Chrome and utilize when you are on the bill payments website.
PayPal Pay in 4
Limit
$1,500
Interest
0%
Credit Check
Soft
Tip: PayPal serves as the primary payment option for numerous service providers, and with its financial offerings such as Pay in 4 and PayPal Credit, you have the convenience of splitting your electricity bill payments into manageable installments.
PayPal is a globally recognized brand, enjoying a strong presence across a number of merchants worldwide. To cater to diverse financial needs, PayPal now provides a solution that will enable you to pay your electricity bill now and pay later through its Pay in 4 service and long-term credit alternatives.
This platform is widely known for its Pay in 4 services, offering the flexibility to make immediate purchases and settle the payments later, even extending its services to finance products on Amazon. Additionally, the platform’s app facilitates seamless management of electricity bill payments.
You can add any electricity biller on PayPal and utilize your purchasing credit to handle the payments in installments and PayPal will automatically settle it for you while you pay back on a bi-weekly basis.
Alternatively, you can generate a pay-in-4 virtual card on your PayPal app which you can use to checkout on any electricity bill provider’s website.
To expedite bill payments, the PayPal app interface includes a dedicated section for tracking and settling dues under the “Bills” category. This feature enables you to conveniently pay for various services such as electricity, water, cell phone, subscriptions, and more.
Similar to some of the pay electricity bill now pay later applications, you can generate a one-time, valid virtual card that facilitates the settlement of outstanding invoices with any online service provider accepting Visa cards. You input the card details on the payment page, and the balance on your PayPal Pay-in-4 account is debited. You can then repay this balance over four installments.
To utilize your PayPal account for power bill settlements in four installments, the invoice total must be a minimum of $30, and it cannot exceed the maximum credit limit available to you, which is capped at $1,500. The credit balance accessible to you is influenced by factors like a soft credit check and your usage history on the PayPal platform.
In addition to bill payments, you can also use this platform for shopping and repaying within six weeks. PayPal’s long-term financing option, known as PayPal Credit, can grant you credit limits of up to $10,000. The repayment period is on a monthly basis and can extend up to 24 months. The annual interest rate ranges from 9.99% to 29.99%, depending on the duration of repayment. However, if you repay within four months, no interest is charged.
Zip
Limit
$1,000
Interest
0%
Credit Check
Soft
Tip: You can leverage your Zip account to split your electricity bills into four manageable payments for providers such as Duke Energy. Additionally, you can use this service in-app for other utilities and services, including Verizon, Dish, AT&T, Farmers, Optimum, Sprint, T-Mobile, Progressive, Beico, Boost Mobile, DirectTV, Xfinity, Spectrum, Allstate, and more.
This platform is renowned for its buy now, pay later service, which facilitates product financing at numerous online and offline merchants.
In addition to managing your shopping payments, the platform offers a convenient pay electricity bill now pay later feature for settling bills in four installments with various well-known service providers.
A popular electricity biller within its utility bills category is Duke Energy with an easy-to-connect feature that lets you enter your ID and settle payments seamlessly.
Zip offers a comprehensive range of utility bill installment options, including popular internet services such as Verizon, AT&T, Xfinity, Spectrum, and T-Mobile, among others. Furthermore, you can manage your insurance bills with pay-later terms from providers like Progressive, Allstate, Farmers Insurance, and Geico, using the purchasing power assigned to your Zip profile.
For television services, you can finance bills for Dish Network and DirectTV. When it comes to energy bills, Duke is available to help you finance electric power and natural gas expenses.
In addition to facilitating bill payments within its app, Zip provides gateways to various online shopping portals. This feature allows you to purchase products directly through these portals and compare prices from different retailers to find the best deals.
If the billing company you wish to pay is not available through the Zip app, you have the option to generate a single-use card, which can be used to pay in four installments directly on the billing service provider’s website or app.
Alternatively, you can install the Zip browser extension, compatible with Chrome. Once installed, you can visit the billing company’s website and proceed with the payment process. At the checkout or payment page, simply click on the Zip icon in your browser to generate a one-time, valid virtual card for completing the payment. The funds will be deducted from your Zip purchasing credit upon a successful transaction. This virtual card method provides a hassle-free way to pay bills in four installments at numerous utility companies.
Zilch
Limit
$1,500
Interest
0%
Credit Check
Soft
Tip: Zilch provides a virtual card you can use to pay bills in 4 across multiple service providers. This card is always locked until you enable it which prevents unwanted charges. You also enjoy up to 2% cashback.
Zilch is a pay now pay later service provider that offers a distinctive approach to managing your bills.
Differentiating from the other pay electricity bill now pay later providers mentioned, Zilch operates through a virtual MasterCard. This virtual card becomes accessible when you log into your Zilch account.
Its card is not a single-use card hence, very suitable option to split your electricity bill payments on a recurring basis without delay.
This implies that you will need to visit the biller’s platform and input the card details provided by Zilch to complete your payment.
Zilch’s virtual Mastercard is accepted by any merchant that supports Mastercard payments. It includes an “always-lock” feature, meaning it cannot be used for transactions until you authorize it for payment. This feature enhances security, especially when dealing with automated charges for bills you prefer to defer.
Zilch is an intriguing app to explore, offering the added benefit of earning rewards when you use it for payments. These rewards are deposited into your account as cashback, with a minimum of 2% when you choose the pay-in-1 option.
To utilize Zilch for bill payments in installments, the invoice amount should be $10 or higher. If it falls below this threshold, the bill will be settled as a one-time payment.
Neon for Life
Limit
$2,000
Interest
0%
Credit Check
Soft
Tip: Neon provides you with the option to split your payments into four installments for various expenses, including rent, electricity, telecom, internet, gas, water, parking, HOA fees, insurance, as well as household and business bills.
Neon For Life, often referred to as Neon, is one of the pay electricity bills now pay later applications that allows you to efficiently manage your invoices, eliminating concerns about the upfront costs.
Accessible through its web app, Neon For Life enables you to settle various bills, including rent, water, parking, internet, gas, HOA fees, electricity, telecom, insurance, household expenses, and business bills.
As is typical with other utility bill split payment applications, there are limitations on the types of services that can be managed through the platform. It is important to note that these applications typically do not support payments for financial obligations such as credit card bills, loan payments, or mortgage payments.
Regarding the approach this platform employs for managing bill payments, you will not typically need to submit or upload any documents, in contrast to many other pay electricity bill now pay later applications. Instead, you can establish a connection by selecting the biller while logged into your account.
If the biller you intend to finance the invoice is listed, you can simply choose it and provide your account number, which will be saved for future recurring invoice settlements. While there is no direct interface for handling payments through invoice uploads, the platform may consider this option if the specific biller you require is not available. In such cases, if you do not see your bill service provider listed, you may need to send an email with your invoice details, which can then be evaluated for financing.
Neon offers flexibility in terms of pricing when compared to some other pay electricity bill now pay later applications. It provides both a free monthly plan and a paid alternative known as Essentials Plus. The Essentials Plus plan offers a higher limit of up to $2,000, which is a 100% increase compared to the Essentials plan. However, it does come with a monthly fee of $24.99.
With the paid plan, in addition to the increased limit for bill settlements, you can opt for an ACH repayment model, receive bank alerts when your connected bank account is running low on funds, benefit from the assistance of a personal guide for bill payments, and gain access to other premium features.
Deferit
Limit
$2,000
Interest
0%
Credit Check
Soft
Tip: Deferit offers a convenient option to pay your bills in four installments, covering various services such as utilities (including gas, water, electricity, and internet), rent, and vehicle registrations (DMV). This service requires a monthly subscription fee of $14.99 but presents the opportunity to boost your credit score and achieve savings on your bills.
This app is a popular pay electricity bill now pay later platform that allows you to handle your utility settlements in installments without worrying about the stress of upfront costs.
Deferit boasts a strong reputation supported by its favorable ratings, underlining the effectiveness of its additional features that complement its core service of dividing bill payments.
One remarkable advantage of using this platform for managing your bill payments is its credit-building feature.
Using this platform to manage your bill payments offers an exceptional benefit as against using the other pay electricity bill now pay later options on this list: credit-building functionality.
A robust credit score is crucial, as it often translates to lower interest rates on credit offerings. Deferit is dedicated to helping you improve your credit score by reporting your payment activities to major credit bureaus, including Experian, Equifax, and TransUnion.
Additionally, Deferit provides a money-saving feature that allows you to secure discounts on your bill invoices. To take advantage of this, you can submit your invoice, and the company will negotiate a discount on your behalf.
If Deferit successfully reduces the invoice amount after discussions with the billing provider, a new invoice reflecting the savings will be generated and sent to you. This feature operates on a 50-50 charge rule, ensuring you receive 50% of the savings, a considerable benefit compared to paying the full amount.
With a maximum bill purchasing limit of $2,000, Deferit assists in settling various types of bills, including those for electricity, gas, water, internet, vehicle registration, and rent, among others.
To get started, create an account, which may entail a soft credit check to assess your eligibility and determine your credit limit. A soft credit check typically has no significant impact on your credit score and is commonly used by buy now, pay later services to establish a purchasing profile.
Once your account is created, you can upload your invoices, and Deferit will handle the payment, allowing you to repay in four installments.
It is worth noting that you may initially be declined for a pay-in-4 arrangement for your bills, typically due to challenges in verifying your credit profile. The positive aspect is that this option can become available once you use the pay-in-1 feature to settle two bills.
Willow
Limit
$1,000
Interest
0%
Credit Check
None
Tip: Willow offers the flexibility to pay your utility bills in four installments, covering a wide range of services such as water, heat, electricity, cell phone, internet, cable/TV, car expenses, childcare, and insurance. It is important to note that you may incur service charges amounting to approximately 6% of the invoice total for this service.
Willow is yet another pay electricity bill now pay later application that allows you to divide your invoice payments into four installments, to be repaid bi-weekly.
Notably, this platform is web-based, eliminating the need for you to install any additional applications when using it to manage and settle your outstanding bills.
Much like Deferit, you will be required to upload the invoice, providing essential details such as your name, account number, vendor name, billing zip code, and the specific amount you wish to settle.
After you have submitted the required documents, Willow will assume responsibility for paying the outstanding amount to the vendor or biller, and you will subsequently repay it through manageable installments.
Utilizing Willow provides an advantageous approach to managing your bills while simultaneously contributing to the growth of your credit score, all while avoiding late payments for due invoices.
There is a service fee associated with using this platform for utility bill payments in four installments. This fee is typically integrated into the repayment amount and varies according to the value of the settled invoice.
The fee is approximately 6% of the invoice total. For instance, it equates to $6 for every $100 bill paid or $12 for a $200 bill. This fee is automatically charged to the bank account or debit/credit card linked to your Willow account.
To determine your eligibility and credit limit, Willow’s pay electricity bill now pay later service may not need a soft credit check. Instead, it will only require your debit/credit card or bank account number to facilitate repayment if your pay bills in 4 request is approved. Initially, new customers may access up to $150, but as you engage with the platform and demonstrate responsible usage, your credit limit may increase, allowing you to access a higher limit.
While buy now pay later services are frequently associated with online shopping payments, options for splitting utility bill payments are more limited.
Fortunately, a handful of “pay bills in 4” applications are available, allowing you to use their services to finance your electricity bills while conveniently repaying them in installments.
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