PayBright Reviews, Ratings And Fees February 2023

Based on 9
Customer Reviews
155 Wellington St W Suite 3740
Toronto, Ontario
M5V 3H1
  • Monday to Friday  9 am - 7 pm  
  • Saturday to Sunday 10 am - 6 pm 

Who Is PayBright

PayBright is Canada’s leading installment payment provider. They offer consumers the option to break down the cost of a purchase into several affordable payments. When shopping at your favourite retailers (7000 participating merchants across the country), you can choose PayBright at checkout and split the cost of your purchase into biweekly or monthly payments.

How Do I Qualify For a PayBright Payment Plan?

When you make a purchase using a PayBright payment plan, PayBright will pay the merchant directly so you can pay over time in easy, equal installments. In addition to a valid credit and payment history, to qualify for a PayBright plan, consumers will need:

  • To be 18+ years old;
  • To be a resident of Canada;
  • A Canadian Visa/Mastercard credit/debit card. Your debit card must have the Visa or Mastercard logo;
  • An SMS-capable Canadian phone number; and
  • To meet the minimum cart size required to use PayBright as a payment option at checkout.

What Features Does PayBright Offer? 

When choosing PayBright as your method of payment at checkout wither in-store or online, you will benefit from key features, such as:

  • Customers can pay over time, at thousands of stores, with no hidden fees.
  • Customers receive revolving credit limits that can be used for multiple transactions, helping drive repeat purchases.
  • No retroactive or compounding interest, hidden charges, or prepayment penalties.
  • Instant approval and rapid process: Within seconds, PayBright verifies the customer’s credit score, identity, and payment information, and provides an instant approval decision.

What Does a PayBright Payment Plan Look Like?

One of the best aspects about PayBright is that you can pay for smaller purchases in 4 interest-free, biweekly payments, or in monthly installments with interest rates starting at 0% (plans vary by merchant). That said, there are a few important costs to consider when you apply with PayBright, including but not limited to:

  • Principle: The most expensive part of your repayment plan will be your installments themselves. Only apply for a payment plan if you have enough income and savings to cover all your PayBright payments in full and on time. 
  • Interest: Not everyone is eligible for a 0% APR rate. PayBright rates range up to 19.95%. Your rate varies based on your credit history and the merchant you are shopping at. For instance, if you have many late payments on your credit history, you may qualify for a higher rate.   

PayBright can be a great flexible option to break up the cost of an expensive purchase; but, it’s important to keep in mind that in participating, consumers are in fact taking on debt. Before participating, make sure you fully understand the costs associated with your purchase.

What Are the Pros and Cons of PayBright?

Before you apply for any type of payment plan, it’s essential to consider the possible benefits and drawbacks of the product you’re applying for. 


  • Easy, fast access to low- to no-interest payment plans
  • Highest approval rate in Canada
  • No compounding interest, retroactive interest, or hidden fees


  • Missed payments can negatively affect your personal credit score
  • More serious consequences can apply for defaulting too often
  • High-interest rates can apply if you have weak financial health 

PayBright FAQs

How does PayBright work?

PayBright is Canada’s leading installment payment provider. When you use PayBright to pay at checkout, you can split your purchase into either biweekly or monthly payments. To use PayBright as your preferred payment choice at checkout: 
  • Add items to your shopping cart as usual.
  • Choose PayBright at checkout and enter a few details.
  • Your purchase will then be split into 4 equal interest-free payments. 
PayBright works with over 7000 merchants across Canada, including:
  • Hudson’s Bay
  • Samsung
  • Wayfair
  • eBay
  • SAIL
It takes less than a minute to set up a payment plan through PayBright. Enjoy your purchase today, and pay later in easy, equal payments. 

Can I use PayBright at physical stores?

Depending on the store, you can apply for PayBright in-store at a physical location. You can use the PayBright app in-store to apply or go directly through the retailer’s website (participating locations and merchants only).

Does PayBright run a credit check?

If you pre-qualify with PayBright or if you choose the Pay in 4 payment plan, PayBright does not do a credit check. However, PayBright will perform an “instant credit check” if you choose their Monthly plan, or use the PayBright Virtual Card.

Can I prepay my outstanding PayBright balance?

Sure, at any time! There are no penalties or fees for early repayments.

Are there late or NSF fees?

For more information on late or NSF fees, please see this FAQ article on the PayBright help site.

Offered Services

scroll table
Loan Range
Rate & Terms
Product Details
Requirements & Documents

Installment Loan

Interest Rate
Term (Months)
2 - 60
Funding Time
Funding Method
Repayment Options
  • You must be at least the age of majority in your province 
  • You must have a Canadian credit file

Reviews & Ratings

See what others have to say about PayBright

Got $1600 ipad at Apple Store with no interest payable over 6 months & had no issues. The guy who said he couldn’t pay $50 himself and $2500 on pa... read more

- Eileen (June 20, 2022)

Paybright is great…if you can get it to work. This is a very frustrating platform that offers a consumer no help to resolve. If you wish to be i... read more

- Lindsay Chadderton (April 19, 2022)

A long-needed financing solution at the Apple Store in Canada but here is the problem: Let’s say you get a pre-approved credit for $2500 and the... read more

- Mike (September 9, 2021)

Awesome !!! Everything went pretty well, from purchase to paying off in 12 months equal instalments.

- Khawar Bhatti (April 28, 2021)

I have nothing but praise for this company. I got approved in 60 seconds I bought something for my son for Christmas. Thank you so much if I have an o... read more

- Elleanora (December 2, 2020)

I know that my credit score is not so great, but I got approved in a minute for a purchase payable in 6 months. Best of all, it’s interest-free! Highl... read more

- Virgie (November 16, 2020)

I have had my identity stolen and the individual has opened an account with this lender. They have been an absolute nightmare to deal with. I have tri... read more

- L S (September 28, 2020)

They charged me twice on my order and when I cancelled my order they didn’t give me a refund. I tried to get a hold of them but they didn’t respond to... read more

- Ivie (September 28, 2020)

Said my first order didn’t go through and to try again, second time said it went through. Got charged twice. So not sure if they are going to charge m... read more

- Brittany (September 18, 2020)


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