Katapult gives retailers a lease-to-own checkout option for eligible purchases. Customers can apply, shop through the Katapult app, a participating store, or a participating retailer’s website, then choose Katapult at checkout to start a lease. Katapult says applying will not affect a customer’s credit score and describes the service as requiring no credit. Its real-time approval process considers factors beyond credit scores and collects minimal customer information. During an active lease, customers can keep making scheduled payments, use an available early purchase option, or return the merchandise subject to their agreement. Purchase options may be available within three months, later in the lease, or at the end of the term. Repayments can be weekly, bi-weekly, semi-monthly, or monthly. Katapult says retailers receive payment upfront and that it charges no late or insufficient-funds fees. Retailers can connect through Magento, Shopify, WooCommerce, Salesforce Commerce Cloud, a JavaScript plugin, direct API integration, or in-store checkout. The API is REST-based, uses OAuth 2.0 and HTTPS, and has separate sandbox and live environments. Katapult says each integration receives a dedicated integrations engineer and engagement manager. It was founded in 2012 and is headquartered in Atlanta, Georgia. Pricing is available on request. Consumer service is available in 46 U.S. states and the District of Columbia.
Who it is for
Katapult may suit retailers that want to offer lease-to-own payments through online and in-store checkout, including merchants using its listed commerce platforms. Its customer option is aimed at people with low or evolving FICO scores who need items such as furniture, appliances, or electronics.
What is good
- Supports online, in-store, and omnichannel checkout.
- Repayments can be weekly, bi-weekly, semi-monthly, or monthly.
- Retailers receive upfront payment; settlement is next day.
- No late or insufficient-funds fees on leases.
- Offers plugins, JavaScript, direct API, and in-store integration.
- Dedicated integration engineer and engagement manager for each integration.
What to know first
- Pricing is available on request.
- Consumer service is unavailable in Minnesota, New Jersey, Wisconsin, and Wyoming.
Verdict
Retailers seeking lease-to-own checkout across supported online platforms and store locations may find Katapult a fit, especially if next-day settlement and upfront retailer payment matter. Its consumer service has state exclusions, and retailers need to request pricing to assess cost.
Get started with Katapult
- Visit the Katapult website.
- For consumer shopping, use the Katapult app or a participating store or retailer website.
- Apply, shop for an eligible item, and select Katapult at checkout to start a lease.
- Retailers can connect through a supported commerce extension, JavaScript plugin, direct API, or in-store checkout.
- For a Shopify or Shopify Plus integration, follow Katapult’s Shopify guide; installation is estimated at about 30–40 minutes.
- Retailer API integrations can use the separate sandbox and live environments.
Limits to know first
Consumer service is unavailable in Minnesota, New Jersey, Wisconsin, and Wyoming. Purchase timing and return options are subject to the customer’s lease agreement.
Questions about Katapult
How much does Katapult cost?
Pricing is available on request.
Where can consumers use Katapult?
Katapult lists consumer coverage in 46 U.S. states and the District of Columbia. Its mobile app page names Minnesota, New Jersey, Wisconsin, and Wyoming as unavailable.
What repayment schedules are available?
Repayments can be weekly, bi-weekly, semi-monthly, or monthly.
Which platforms can retailers integrate?
Merchant options include Magento, Shopify, WooCommerce, and Salesforce Commerce Cloud, as well as a JavaScript plugin and direct API integration.
Does Katapult charge late fees?
Katapult says it charges no late or insufficient-funds fees on leases.
How can a customer start a lease?
Customers apply, shop in the Katapult app, and select Katapult at checkout. They can also use it at participating stores or retailer websites.
Compared on buy now, pay later platforms
- Checkout channels
- omnichannel
- Repayment terms
- weekly, bi-weekly, semi-monthly, or monthly
- Merchant platforms
- Magento, Shopify, WooCommerce, Salesforce Commerce Cloud
- Merchant settlement
- next day
- Consumer regions
- United States: 46 states and the District of Columbia
- Merchant dashboard
- Yes
