Zebit Review: Is It a Legitimate Way To Buy Now, Pay Later?

GOBankingRates Score

4.5
Quick Take: Zebit is an online marketplace that allows you to make your purchases today and spread your payments over a few months without interest. It's a modern alternative to layaway programs.
  • Application Process
    4.8
  • Spending Limits
    4.3
  • Payment Process
    4.8
  • Variety of Product Types
    4.3
How did we calculate this?

Pros

  • No interest or hidden fees charged
  • No application fee
  • Six-month repayment term

Cons

  • Higher spending limits available elsewhere
  • Wider product selections available elsewhere

About Zebit

Zebit is one of the entries in the “buy now, pay later” genre. Without using a credit card or putting an item on layaway, a shopper can buy something from Zebit’s marketplace and use it immediately, dividing the payments into installments over the next six months. In fact, Zebit and its competitors are becoming increasingly popular among consumers. On Black Friday 2021, 5.6% of in-store purchases were made through a buy now, pay later service, according to payment tracker PYMNTS.com. Online, the number reached 8.2%.

Zebit launched in 2015 with the goal of bringing 0% financing to people who are underserved by traditional credit providers. Its mission is to make online shopping available to everyone, no matter what their financial history.

Zebit’s Application Process

Using Zebit requires filling out an online registration form. You’ll start with your email address, then enter a few other pieces of information, including your Social Security number. Zebit won’t pull your credit score, and the company says the credit inquiry it makes won’t affect your score. Instead, it takes information gleaned from credit reporting agencies and applies it to the criteria it uses to determine your creditworthiness through other sources. Zebit’s website notes that not all who apply will be approved for credit.

At the time of application, Zebit will verify your identity, income or employment. You must be at least 18 for consideration.

Pros:

  • Easy application process
  • No impact to credit score
  • Credit available to those who aren’t traditional credit candidates

Cons:

  • Application can be denied

How Much Will You Be Allowed To Spend on Zebit?

If you’re approved for a Zebit account, you’ll receive a spending limit — a line of credit, in other words. The Zebit spending limit is a maximum of $2,500.

It’s important to note that the spending limit you are given is a conditional amount granted at your time of application. The final approval for purchases is done at the time you check out.

Other buy now, pay later options offer higher spending limits. With Affirm, for example, some customers could have a limit as high as $17,500. But with Affirm, interest can be charged, too, depending on factors surrounding your purchase. With Zebit, there is no interest charged. The price of the product is what you’ll pay.

Your spending limit can change with Zebit. Your repayment history will have an influence on whether the limit goes up or down.

Pros:

  • No interest
  • Up to $2,500 spending limit
  • Spending limit can increase

Cons:

  • Other providers might offer higher spending limits
  • Spending limit can decrease

Zebit’s Payment Process

When you’re ready to make your purchase and check out, you’ll be asked to make a down payment. That payment typically will be between 20% and 30% of the purchase price and paid via debit or credit card. You’ll then tap into your spending limit to pay the rest, and the payment card will be kept on file to make your installment payments.

Before you finalize the purchase, you’ll receive an installment contract, which will show you the amount of each payment and the due date. Zebit offers a six-month payment schedule.

Pros:

  • Six-month repayment contract
  • Clear installment contract

Cons:

  • Down payment up to 30%
  • Must have debit or credit card to make payment

What Can You Buy With Zebit?

When you buy using Zebit, you’re buying from Zebit, too. The company doesn’t offer short-term financing for you to make a purchase at, say, Staples. Instead, you’re buying some of the more than 175,000 products Zebit has acquired on its own.

The product categories are extensive. Through Zebit, you can buy electronics, furniture, jewelry, accessories, fitness gear, beauty items and products for the kitchen and home — even groceries.

Plenty of name-brand items are available. Zebit lists the following products among its bestsellers: Apple AirPods, a 70-inch Samsung television, Nintendo Switch, the iPhone 12, the Ring Video Doorbell 4 and the Amazon Echo Show 8.

Pros:

  • Variety of product types
  • Highly rated merchandise

Cons:

  • Limited item selection

Is Zebit Legitimate?

If you’re wondering whether Zebit is legitimate, you can take comfort in knowing that the company has been accredited by the Better Business Bureau since 2015. The Better Business Bureau gives the company an A+ rating.

Zebit also has a score of 4.4 out of 5 and a rating of “excellent” on Trustpilot, based on reviews from over 4,000 users.

Final Take

If you want the option of buying now and paying later without interest, Zebit is an option for you. Zebit has easy repayment terms, so even if you have access to a credit card, you might prefer Zebit because what you buy won’t get mixed into your credit card balance if you use a debit card to make payments. Zebit gives you a way to guarantee your item will be paid off quickly and won’t linger on your credit card.

Information is accurate as of April 26, 2022.

Editorial Note: This content is not provided by Zebit. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Zebit.

Share this article:

About the Author

Jami Farkas holds a communications degree from California State University, Fullerton, and has worked as a reporter or editor at daily newspapers in all four corners of the United States. She brings to GOBankingRates experience as a sports editor, business editor, religion editor, digital editor — and more. With a passion for real estate, she passed the real estate licensing exam in her state and is still weighing whether to take the plunge into selling homes — or just writing about selling homes.
Learn More

Best Bank Accounts for September 2022

Untitled design (1)
Close popup The GBR Closer icon

Sending you timely financial stories that you can bank on.

Sign up for our daily newsletter for the latest financial news and trending topics.

Loading...
Please enter an email.
Please enter a valid email address.
There was an unknown error. Please try again later.

For our full Privacy Policy, click here.