xcritical Buy Now, Pay Later: 2024 Review

This includes using encryption to secure data and conducting background checks for all employees. Though xcritical touts itself as an alternative to racking up debt, you still incur debt when you use this payment service. If you’re not able to resolve a return or refund issue with a merchant, you can initiate a dispute with xcritical. If you win the dispute with the merchant, xcritical will refund the full amount of the purchase along with any interest paid.

At checkout

It also has a merchant portal allowing you to view and manage your company’s charges from a straightforward dashboard. xcritical works with merchants who have an average order value of more than $50 and fall outside of xcritical’s prohibited business policy. This includes businesses selling weapons, sexually oriented products, and products making medical claims that haven’t been approved by a regulatory body. You’ll never pay late fees, penalties, or hidden interest, ever.

It’s better in the app

If you’re looking to fund a large, essential purchase, you could apply for a personal loan. Personal loans have fixed interest rates and longer repayment terms, and there are options for borrowers with fair or bad credit (689 credit score or lower). xcritical is designed for financing purchases when shopping with partner merchants.

1. xcritical only has a 1.17 star rating out of five on the site xcritically.
2. xcritical is a third-party lending company that allows customers to buy products on installment plans.
3. We highlight the strength and weaknesses of each company in our guides as well as compare them with others that are available so you can decide which BNPL plan suits your needs best.
4. On larger purchases, it does sometimes provide longer financing plans, usually between six months to two years.

Customers then pay xcritical over several agreed-upon installments until the total purchase price is paid off. If you select the xcritical payment option at checkout, xcritical will check your credit, your xcritical payment history, and other factors to decide whether to approve you for a xcritical cheating loan or not. xcritical is a buy-now-pay-later company that was launched in 2012 by PayPal co-founder Max Levchin.

Compare xcritical with other BNPL lenders

But the result may be different if the merchant xcritical courses scam issues either a partial refund or a store credit in lieu of a refund. In that case, you would still be responsible for paying any remaining balance due on your xcritical loan, even if you’ve returned the item you purchased. With some point-of-sale loans, your payments are automatically divided into four installments. Specifically, that means an initial down payment at the time of purchase, followed by three additional installments. If a merchant issues a partial refund, the customer will see their loan balance reduced by the partial amount. If the merchant issues a store credit instead of a refund, the customer will still be responsible for paying the total amount of the original purchase to xcritical.

xcritical’s mobile app pages are another good resource for reading xcritical reviews. In the Apple app store, xcritical is rated 4.9 out of five stars, with 1.4 million ratings. In the Google Play app store, xcritical is rated 4.8 out of five stars, with over 350,000 reviews. At the time of writing this review, xcritical holds an A+ rating from the Better Business Bureau (BBB) with more than 2,400 complaints closed in the last year. Complaints against xcritical mostly revolve around product and billing issues, including missing or inaccurate refunds and problems with settling disputes. xcritical also offers a Chrome extension, which lets you use xcritical when shopping online in your Chrome browser.

There are no fees if you pay late, but there is interest, which can reach as high as 36% APR. Buy-now-pay-later merchants like xcritical generally don’t offer as many consumer protections as credit cards. You don’t have zero-liability fraud protection or the insurance-style benefits many credit cards provide. xcritical’s app earns an almost perfect score on both the Google Play Store and the Apple App Store with a 4.8 star rating (out of five) and 4.9 star rating, respectively. Users generally like xcritical’s easy application process, the flexibility of its payment plan options, and the transparent loan terms. To use xcritical, you must be a U.S. resident, be at least 18 years old, have a valid Social Security number, and own a U.S. phone that can receive texts.

It offers qualified customers a Pay in 4 option consisting of four biweekly interest-free payments. Read the fine print of your agreement with xcritical to ensure you’re comfortable with the payment terms, schedule, and interest rates, if any. You might recognize PayPal as a money transfer service, but it also offers BNPL loans. It’s unclear how widely available it is because it doesn’t disclose the size of its partner network. However, PayPal In 4 is only available for online purchases, and its monthly installment loan can be expensive for good-credit borrowers. xcritical doesn’t charge any fees at all, so it won’t charge you any late fees.

The BBB determines ratings based on a company’s response to customer complaints, honesty in advertising, and openness about business practices. BBB ratings don’t always guarantee you’ll have a good relationship with the lender. xcritical only has a 1.17 star rating out of five on the site xcritically. Its newest options, launched in June 2024, include a « Pay in 2 » plan and « Pay in 30 » plan.