Financing Disclosures
Effective Date: April 7, 2025
The following disclosures are provided by ShotPay, LLC in connection with the consumer financing products we offer. ShotPay acts as the lender and creditor for all financing arrangements. Please read these disclosures carefully before entering into any financing agreement.
1. Lender Information
Lender: ShotPay, LLC
Principal Place of Business: New Braunfels, Texas
Contact: support@shotpay.com
2. Available Financing Products
Pay-in-4
ShotPay Pay-in-4 allows eligible shoppers to split a qualifying purchase into four equal installment payments.
The first payment is due at checkout. Subsequent payments are due every two (2) weeks.
Depending on your state of residence, Pay-in-4 may be offered with a 0% APR or with applicable interest and fees as disclosed in your Consumer Installment Agreement.
Late or returned payments may result in fees as specified in your agreement.
Layaway
ShotPay Layaway allows eligible shoppers to reserve an item by making structured payments prior to shipment or transfer.
A non-refundable deposit may be required at enrollment, as disclosed at checkout.
All payment amounts, due dates, and cancellation/forfeiture terms will be disclosed in your Layaway Agreement.
Items will not be shipped or transferred until all scheduled payments are received in full.
3. Credit and Eligibility
ShotPay evaluates applications using proprietary credit models that may include review of your credit history, bank account information, purchase history, and other factors. Approval is not guaranteed. ShotPay may use soft or hard credit inquiries as disclosed at the time of application. A hard inquiry may impact your credit score.
4. Truth in Lending Act (TILA) Disclosures
Federal law requires lenders to disclose the cost of credit. For each financing arrangement, you will receive a separate disclosure containing:
Annual Percentage Rate (APR): the cost of credit expressed as a yearly rate;
Finance Charge: the dollar amount the credit will cost you;
Amount Financed: the amount of credit provided to you;
Total of Payments: the total amount you will pay after making all scheduled payments; and
Payment Schedule: the number, amount, and timing of each payment.
These disclosures will be provided to you in your Consumer Installment Agreement or Layaway Agreement before you are bound to the transaction.
5. State Licensing Disclosure
ShotPay operates as a licensed lender or pursuant to applicable exemptions in the states where it offers financing. ShotPay does not offer financing in California or New York. Consumers in all other states may be eligible, subject to applicable state law requirements. Specific state licensing information is available upon request.
6. Credit Reporting
ShotPay may report your account information, including payment history and delinquencies, to one or more credit reporting agencies. Late or missed payments may negatively affect your credit score.
7. Military Lending Act (MLA)
The Military Lending Act provides certain protections for active-duty service members and their dependents. If you believe you may be covered by the MLA, please contact us at support@shotpay.com before entering into any financing agreement.
8. Right to Cancel
Depending on your state of residence and the financing product you select, you may have a right to cancel your agreement within a specified period without penalty. Any applicable right to cancel will be disclosed in your individual financing agreement.
9. Contact for Questions
ShotPay, LLC — Customer Support
support@shotpay.com · New Braunfels, Texas