Financing · Financing Marketplaces
PowerPay Review
Point-of-sale financing platform for home improvement and patient care, funded by partner lenders
Quick verdict
Who PowerPay fits: Home improvement contractors (roofing, windows, HVAC replacement, kitchens, pools) who want a digital point-of-sale financing option and will confirm limits and fees at enrollment. Trade-offs: APRs, loan limits, terms and contractor fees not published; possible $99 account activation fee for borrowers; lending partner not named; split focus with patient financing.
Fees & terms
PowerPay is a point-of-sale financing platform: loans are originated by its lending partners and serviced by PowerPay. PowerPay's readable pages publish no APRs, loan limits, terms or contractor fees; confirm them when you enroll. For borrowers, PowerPay advertises fixed monthly payments with no prepayment penalties, and its account opening disclosures list a one-time $99 account activation fee where applicable.
- Cost to contractor
- Not published; confirm contractor fees in your PowerPay provider agreement
- Customer APR
- Not published; rates set per loan by PowerPay's lending partners
- Loan size
- Not published on PowerPay's readable pages; confirm limits and terms when you enroll
Affiliate disclosure: The link to PowerPay on this page goes to its own site and is not an affiliate link.
About PowerPay
PowerPay is a point-of-sale financing platform based in Wayne, Pennsylvania, founded by Mike Petrakis. It finances home improvement projects such as kitchens, roofs, windows, HVAC and pools, and also offers patient financing for dental, fertility, vision and other elective care. PowerPay says loans are originated by its lending partners and serviced by PowerPay, and in October 2025 it said it provides financing for 15,000 contractors and physician networks.
For the homeowner, PowerPay advertises near-instant credit decisions, electronic loan documents, low fixed monthly payments and no prepayment penalties, with the first payment due about 30 days after funding. The provider is paid directly. PowerPay's account opening disclosures also list a one-time $99 account activation fee where applicable.
PowerPay funds its growth through the capital markets: it completed a $118.9 million securitization in 2024, announced one targeted in the $500 million range in October 2025, and KBRA assigned preliminary ratings to PowerPay Issuance Trust 2026-1 in September 2026.
The trade-off: PowerPay's readable pages do not publish APRs, loan limits, terms or contractor fees, so you only see the real cost and the maximum loan after enrolling. Get the fee schedule and the loan limits in writing, and check whether the $99 activation fee applies to your customers.
How it works
The contractor enrolls as a PowerPay provider and offers financing at the point of sale. The customer applies online for a near-instant credit decision and, if approved, signs the loan documents electronically. The loan is originated by one of PowerPay's lending partners, the provider is paid directly, and PowerPay services the loan, with the first payment due about 30 days after funding.
Pros & cons
What works
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Fast digital application
PowerPay advertises near-instant credit decisions and electronic loan documents.
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No prepayment penalties
PowerPay says its loans have fixed monthly payments and no prepayment penalties.
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Provider paid directly
After the customer signs, PowerPay pays the provider directly and services the loan.
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Home improvement focus
Its home improvement financing covers projects such as kitchens, roofs, windows, HVAC and pools.
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Established funding sources
PowerPay has completed securitizations since 2024, including PowerPay Issuance Trust 2026-1, rated by KBRA in September 2026.
What doesn't
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No published pricing
APRs, loan limits, terms and contractor fees are not published on PowerPay's readable pages.
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Possible $99 activation fee
PowerPay's account opening disclosures list a one-time $99 account activation fee where applicable.
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Split focus with patient financing
PowerPay also finances dental, fertility, vision and other elective care, so it is not a home-improvement-only lender.
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Lender varies by loan
Loans are originated by one of PowerPay's lending partners, which PowerPay's pages do not name.
Features & integrations
Key features
Integrations
Frequently asked
How does PowerPay work?
PowerPay is a point-of-sale financing platform. PowerPay says applications on its platform are originated by one of its lending partners and serviced by PowerPay. The customer gets a near-instant decision, signs electronically, and the provider is paid directly.
What does PowerPay cost a contractor?
PowerPay's readable pages do not publish contractor fees, APRs or loan limits, so confirm them in your provider agreement before offering it. On the customer side, PowerPay advertises no prepayment penalties, and its disclosures list a one-time $99 account activation fee where applicable.
Who is behind PowerPay?
PowerPay was founded by Mike Petrakis and is based in Wayne, Pennsylvania. It finances home improvement and patient care, and in October 2025 said it serves 15,000 contractors and physician networks.
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