Offer financing for
health procedures

Enjoy $0 Merchant Fee Options!

Offer the lowest payments for large purchases, easy and simple!

Financing for Elective Health Procedures

PowerPay was founded with the mission to make consumer financing people and merchant friendly. We accomplish this by making the loan process simple, easy, and affordable. Through working with medical professionals from around the country, we deliver fair loans to patients that need and want elective procedures. The days of charging bank fees to medical professionals to offer needed financing to their patients are now over.

PowerPay’s elective health care loan program for medical professionals offers loans with lower rates and longer terms that convert large and expensive procedures into low and affordable monthly payments. This will help your patients enjoy their personal health goals sooner rather than waiting.

Elective procedures include dentistry, vision, fertility treatments, cosmetic surgery, medical spa treatments, and more. It’s easy to apply, and once you are verified and onboarded, you can start offering in PowerPay healthcare loans.

Elective Healthcare Services

Dentistry

Clear Aligners, Cosmetics & Orthodontia, General Dentistry, Gingival Contouring, Implants, Orthodontics, TMJ, Veneers

Vision

Cataract Surgery, Conductive Keratoplasty, LASIK, Lens Replacement

Fertility Treatments

Donor Eggs and Embryos, Gamete Intrafallopian Transfer (GIFT), In Vitro Fertilization (IVF), Intracytoplasmic Sperm Injection (ICSI), ​Intrauterine Insemination (IUI), Zygote Intrafallopian Transfer (ZIFT)

Cosmetic Surgery

Abdominoplasty, Body Contouring, Coolsculpting, Breast Augmentation, Eyelid Surgery, Facelift, Liposuction, Mini Facelift, Mommy Makeover, Nose Job/Rhinoplasty, Plastic Surgery, Reconstructive Surgery, Skin Tightening, Tummy Tuck

Medical Spas

Acne treatments, Age spots, Body sculpting, Chemical peels, Coolsculpting, Hair replacement, Hair Restoration, Injectables and Fillers (Botox® Cosmetic, Dysport™, Xeomin®, Juvederm®), IPL/ Laser treatments, Laser hair removal, Laser resurfacing and light therapy, Microdermabrasion and Micro Needling (PRP), Spider and varicose vein treatments, Tattoo Removal

Introducing Concierge

Our newest service, PowerPay Concierge, was developed to help our merchants maximize their consumer financing program.  Having worked with over 6,000 merchants and thousands of borrowers, we took the most effective techniques and built a team that handles all aspects of a loan from application to funding.

Your concierge is your own personal finance manager that will help you sell, process, and close every one of your loans. This premium program is available to our merchants that don’t have a finance team but know the value and importance of consumer financing.
Learn more today!

50%

of Americans have less than $600 in savings.

67%

of medical practitioners report financing increases their average sale.

91%

of borrowers feel financing allows them to make a larger purchase.

How it Works

Enrolling is easy! Don’t worry- we will be with you throughout the entire process. Once you’ve enrolled and been approved (can take a few days) to offer PowerPay loans, training will be provided for you and your team, along with resources including mobile links, marketing assistance, printed guides, excellent customer service, and on-demand assistance for any loan.

Once you and your team have been trained, you can start offering loan products to your customers. Using a simple application link, your customers can apply for a loan. Once approved, the system will guide you through the process of loan product selection, sending loan documents, collection of identity & procedure documents, processing of stipulations for applications that may need a little more work, and funding. We have a team standing by from 8 am – Midnight (EST) everyday to help you.

For healthcare professionals new to consumer financing or do not have the resources to manage the loan process, we offer our Concierge service. Concierge is our white glove service that offers merchants instant and on-call access to their own personal finance manager who will manage the entire process for you!  Learn about Concierge.

Win More.

sell more procedures by focusing the price on low monthly payments

Keep More.

eliminate paying fees to banks and finance companies

Earn More.

no more compromising on price – upsell the procedure your patient really wants

Reviews

Healthcare Financing for Medical Professionals FAQ’s

What's considered an elective health care procedure?

Any treatment or procedure related to cosmetic surgery, dentistry, fertility treatments, medical spa and vision qualifies for financing. The following is a list of what PowerPay finances:  

Dentistry: Clear Aligners, Cosmetics & Orthodontia, General Dentistry, Gingival Contouring, Implants, Orthodontics, TMJ, and Veneers.

Cosmetic Surgery: Abdominoplasty, Body Contouring (CoolSculpting), Breast Augmentation, Eyelid Surgery, Facelift, Liposuction, Mini Facelift, Mommy Makeover, Nose job/Rhinoplasty, Reconstructive Surgery, Skin Tightening, and Tummy Tuck.

Medical Spa: Acne Treatments, Age Spots, Body Sculpting, Chemical Peels, Coolsculpting, Hair Replacement, Hair Restoration, Injectables & Fillers (Botox® Cosmetic, Dysport™, Xeomin®, Juvederm®), IPL/Laser Treatments, Laser Hair Removal, Laser Resurfacing & Light Therapy, Microdermabrasion & MicroNeedling (PRP), Spider & Varicose Vein treatments, and Tattoo Removal.

Fertility Treatments: Donor Eggs and Embryos, Gamete Intrafallopian Transfer (GIFT), In Vitro Fertilization (IVF), Intracytoplasmic Sperm Injection (ICSI), Intrauterine Insemination (IUI), and Zygote Intrafallopian Transfer (ZIFT).

Vision: Cataract Surgery, Conductive Keratoplasty, LASIK, and Lens Replacement. 

How does PowerPay work?

Once you’ve enrolled your practice using the enroll now link and have been approved (this can take a few days) you are ready to start writing loans.  Next we will schedule an orientation with your team so you get familiar with the process.  We also provide a special link for you to put on your website, emails, and share with your patients.  This application link embeds your merchant ID so our platform automatically knows this your patient.  Once the patient applies and is approved, and the treatment plan cost and date of treatment have been set, they will need to select from the available loan options which the doctors office and or PowerPay team can help them select and then sign the electronic loan documents.   Once the loan is signed and all paperwork and dates are in order PowerPay will pay the doctor’s office directly via ACH.  The patient will start paying back PowerPay in approximately 30 days from the treatment date.

Why should I offer financing?

50% of all medical treatments and procedures over $5,000 are financed.  Additionally, over 30% of all patients research financing options before making a healthcare decision.  Offering financing enables you to perform more procedures and earn more money on every job. By translating a large, expensive treatment or procedure into a low monthly payment, you’re less likely to lose patients because of pricing, and you’re less likely to see patients haggling with you over costs. Quite simply, offering financing can help you to grow your business.

What Loan Programs are available to me?

Here are some of our most current programs for medical professionals and doctors offices.  Please see your sales rep for more details.

Base Program
  • No Merchant Fee Options
  • Rates start as low as 9.99%
  • terms options are up to 6 years (lowest monthly payment)
  • no prepayment penalties
  • no credit cards

Balance Pay (BalPay)

  • 2, 3, 5 Year NO Interest “Equal Pay” Product with an ultra low default 12.99% APR

Why do Medical Professionals choose PowerPay?

Having worked with over 6,000 merchants and 30,000 consumers we know how powerful a tool like financing is but we also understand the damage fees can do to your bottom line and your customers’ pocketbooks. The average merchant pays 7.5% in fees on every loan. We don’t believe that a Doctor should have to pay fees to a bank for bringing them a banking client so we created PowerPay to help merchants eliminate unnecessary banking fees and help them grow their business.

  1. Longest Terms:  PowerPay also offers the longest payment options – up to 6 years.
  2. Lowest Rate: rates start as low as 9.99%.
  3. Maximum Loan: we can offer up to $35,000 loans.
  4. Higher Approval Rates: PowerPay has the highest approval rate in the industry.
  5. Fast and Direct Payments:  we wired funds directly via ACH to your bank account.
  6. Support and Customer Service:  we have a team standing by from 8 am to 12 midnight (EST) 7 days per week.

How do my customers pay me and what's my risk?

Customers don’t pay you.  PowerPay will direct deposit funds into your account via ACH within 48-hours after the loan documents have been signed, we’ve received the treatment plan verifying the amount and scheduled treatment date.  It’s simple, fast and easy.

Who is the Lender?

While other finance companies serve as “middlemen” and take fees from you for allowing you to offer financing to your customers, PowerPay does not act as a middleman or lead generator.  Every borrower is underwritten, approved, and processed through PowerPay.  We also service every loan so we are in complete control of the process.

How complicated & time consuming is set up?

With PowerPay, enrollment is through a simple form that takes 2 minutes.  After that, our team will train and onboard you or your salespeople at no cost at a time that’s convenient for you.  Our process is so simple that training takes less than 30 minutes.  We can have you up and running and writing loans in one day.

Promotional Programs - the difference between PowerPay and other banks

There are several types of promotional loans. Same as Cash and 6 to 12 months no payment promotions.  First, PowerPay promotional loans are not credit cards.  They are unsecured personal installment loans.  The main difference between a credit card loan and PowerPay promotion is the interest rate once the promotion is over.  In most credit card “teaser” promotions that rate, once the promotion ends, will be in excess of 29%.  Our loans, once the promotion ends will be approximately 12.99% for a specified term with no prepayment penalties so customers can pay off whenever they like. We don’t like the credit card promotions because the fees are excessive and we’ve seen too many people get hit with accelerated payments and massive fees.  It’s just unfair and most merchants don’t seem to care what the customer pays after they’ve been paid.

With uncertainty in the economy and financial markets we believe that if a customer wants to use the promotion and then pay it over time, it should be at a fair and reasonable rate.  Most medical providers want to offer “teaser” promotions as a marketing tool but at the end of the day, only consumers with above-average credit qualify.  PowerPay offers promotions for customers at many credit levels.

Our same as cash promotions essentially allow the customer to make a purchase and pay off the loan in equal monthly installments similar to how you purchase an iPhone.  These programs are offered with the lowest fees in the industry.  Ask your sales rep for more information.

How do I offer the PowerPay Program?

This can be done in a few ways.

First, your clients can apply at getpowerpay.com
The second option is that we can supply you with a link or button for you to add to your website.
Third, customers can apply by contacting our call center with your merchant ID.
Finally, your team can provide a link or tablet during in-office visits.

How do I get help?

We are here for you.  When your patient is in the office and need help with closing a loan with a customer we are here for you.

Phone: You can call our Support team at (800) 397-4485 Hours: Mon-Sun: 8 am – 12 Midnight EST
Online: you can call or use our online ticketing system.
Training: we offer multiple training sessions – from orientation to advanced training with Q&A for our clients.  We also offer customized team training.
FAQ’s: we have an expanding list of frequently asked questions
Video Training: we offer video training for every user level from beginner to advanced.

Powerpay FAQ

What’s considered a home improvement?

Any equipment, service, installation costs or other project related to home improvement qualifies for financing. The following is a partial list of what PowerPay finances: HVAC equipment & installation, attic insulation, stone veneer, windows, siding, roofing, kitchen remodels, bathroom remodels, cabinets, carpet, deck & patio, doors, fireplaces, garage doors, smart home equipment & installation, hardwood flooring, paint & wall coverings, hardscaping, landscaping, siding & exteriors, tile, stone & countertops, air conditioning & heating, gutters, spa & pool, home additions, deck building, tile installation, basement remodeling, custom cabinets, fence installation, lighting installation, garage building, cabinet installation, backsplash installation, electrical and plumbing and appliances.

What Loan Products does PowerPay offer?

Base Program
  • No Dealer Fee Options
  • Rates start as low as 4.99% (buydown)
  • staged funding available*
  • terms options are 5, 10 or 15 years (lowest monthly payment)
  • no prepayment penalties
  • no credit cards
Promotional Program
  • Up to 24 Months NO payments NO accrued interest (12-month or 24-month options)
  • Deferral Period begins at the completion of construction
  • 15 Year Product
  • NO Balloon Payment: at the end of the deferral period your customer just begins making their low monthly payment with rates as low as 8.99%
  • NO Credit Card
  • Discounts from 5%
Balance Pay (BalPay)
  • 2, 3, 5 Year NO Interest “Equal Pay” Product with an ultra-low default 8.99% APR

Why should I offer financing?

50% of all home improvement investments over $5,000 are financed. Additionally, over 30% of all homeowners research financing options before making a home improvement purchase. Offering financing enables you to close more sales and earn more money on every job. By translating a large, expensive home improvement into a low monthly payment, you’re less likely to lose sales because of pricing, and you’re less likely to see customers haggling with you over costs. Quite simply, offering financing can help you to grow your business.

Why do dealers and contractors choose PowerPay?

We were founded by a home improvement professional who knows firsthand the power of financing, as well as the damage fees can do to your bottom line and your customers’ pocketbooks. The average contractor pays 7.5% in fees on every financed home improvement project. That’s why we have no hidden contractors fees, credit cards or prepayment penalties.  There are other important benefits for dealers:

  1. Longest Terms:  PowerPay also offers the longest payment options – up to 15 years.
  2. Lowest Rate: rates start as low as 6.99%.
  3. Maximum Loan: we can offer up to $100,000 loans with staged funding for qualified contractors.
  4. Higher Approval Rates: tired of declines?  PowerPay has the highest approval rate in the industry.
  5. Fast and Direct Payments:  we wired funds fast direct to via ACH to your bank account.
  6. New Programs:  we are adding new programs to help you convert more customers, StipPay, APR Enhancement and more!

How do customers pay me and what’s my risk?

Customers don’t pay you. PowerPay will direct deposit funds into your account via ACH within 48-hours after the install. You keep 100% of the funds, and your payment is guaranteed when you complete the project. It’s simple, fast and easy. No more collection calls and chasing clients for payments.

How does PowerPay work?

By using PowerPay, you are giving your customers options to pay for home improvements with financing.  Your customer will apply online using our online application form and a decision is generated in seconds.  Once approved, you can complete the transaction with your customer from our easy-to-use portal.  Electronic documents will be sent via email and your customer can sign electronically – we are fully paperless.  Your customer won’t get any bills for a month or so after installation.  You will get paid by PowerPay in full after the installation is complete.

How do I offer PowerPay to my customers?

There are a number of ways to offer PowerPay to your customers:

First, your clients can apply at GetPowerPay.com
Second, we can supply you with a link or button for you to add on your website.
Third, customers can apply by contacting our call center and using your dealer/contractor ID.
Finally, your salespeople can provide a link to apply or use a tablet with our application form during in-person visits.

Who is the lender?

While other finance companies serve as “middlemen” and take fees from you for allowing you to offer financing to your customers, PowerPay does not act as a middleman or lead generator. That’s why we are able to not charge any fees.  We have funding commitments for $15 billion.  Every borrower is approved through our systems and all loans are processed through our system. That means that we control the rate and loan term, and service every loan.

How complicated and time consuming is set up?

With PowerPay, enrollment is through a simple form that takes 2 minutes.  After that, our team will train and onboard you or your salespeople at no cost at a time that’s convenient for you.  Our process is so simple that training takes less than 30 minutes.  We can have you up and running and writing loans in one day.

Promotional Programs - the difference between PowerPay and other banks

There are several types of promotional loans. PowerPay offers two types.  Same as Cash and 12 months and 24 months no payment promotions.  First, PowerPay promotional loans are not credit cards.  They are unsecured personal installment loans.  The main difference between a credit card loan and PowerPay promotion is the interest rate once the promotion is over.  In most credit card “teaser” promotions that rate, once the promotion ends, will be in excess of 29%.  Our loans, once the promotion ends will be approximately 8.99% for 15 years with no prepayment penalties so customers can pay off whenever they like.  We don’t like the credit card promotions because the fees are excessive and we’ve seen too many people get hit with accelerated payments and massive fees.  It’s just unfair and most contractors don’t seem to care what the customer pays after they’ve completed their job.

With uncertainty in the economy and financial markets we believe that if a customer wants to use the promotion and then pay it over time, it should be at a fair and reasonable rate.  Most contractors and dealers offer “teaser” promotions as a marketing tool but at the end of the day, only consumers will above-average credit qualify.  PowerPay offers promotions for customers at many credit levels.

Our same as cash promotions essentially allow the customer to make a purchase and pay off the loan in equal monthly installments similar to how you purchase an iPhone.  These programs are offered with the lowest fees in the industry.  Ask your sales rep for more information.