What Is Smart Pay Used For?


Quick Answer

SmartPay is a lease-to-own payment service. It is used by customers to purchase electronic gadgets, devices and accessories, and make payments later in fixed, scheduled installments over time, according to the company's website.

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Full Answer

SmartPay is affiliated with wireless carriers and thousands of retailers across the United States, states the SmartPay website. These providers use SmartPay to offer lease-to-own plans for their products online and in stores.

SmartPay customers may apply for up to $1,500 to shop for gadgets and related products, the website states. After the customer has chosen a product, he checks out and pays the first installment. Subsequent payments are made with a checking account debit card in monthly installments over a six- to 24-month period, as determined during the application process.

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