What is Zebit?
When you have money or credit problems, it appears to be a vicious cycle that is extremely difficult to break. Missing or failing to pay on time will result in additional costs and penalties, as well as a loss in credit score. These fees will only add to your debt, and you will be charged a higher interest rate for any additional funds borrowed with bad credit.
Sadly, those in need of a break are frequently unable to acquire one. It may take a significant amount of time and effort to get out of this situation. Because you have few options, it may feel like businesses and lenders are ignoring you or taking advantage of you. If you find yourself in this situation, Zebit is one option to consider. In this Zebit review, we will go over all of the information to help you decide if it is right for you.
What is Zebit?
Zebit is an e-commerce retailer that aims to finance goods for credit-worthy customers. You can purchase a variety of items with Zebit and pay no hidden fees over time.
As a customer, you can buy things from a variety of categories, including:
- Electronics
- Interior design and decoration
- Kitchen and catering
- Furniture
- Fashion, beauty, and jewelry
- Sports and recreation for children
- Auto
It is important to note that Zebit has a 5-star rating and a TrustScore of nine out of 2,417 Trustpilot reviews. Zebit also has an A+ rating from the Better Business Bureau and nearly four stars from 111 reviews. They have been a member of the Better Business Bureau since 2015.
How Does Zebit Work?
To get started with Zebit, fill out the simple application. If you accept, ZebitLine will give you up to $2,500 in credit. As a result, this can be used as credit to purchase items from the Zebit Market.
During the purchase of an item, you must use a debit or credit card. The remaining costs are divided into six monthly installments. You can configure the payment to correspond to your payment plan.
You can also buy an article in its entirety from the Zebit Market with a debit or credit card. Your ZebitLine will decrease with each purchase and rise if you pay it off.
You should be informed that:
● Zebit only allows refunds for defective merchandise.
● Zebit does not levy late fees; if you miss a payment, your credit card will be frozen.
● When you purchase an eCertificate, you will be charged an 18% processing fee.
How Does Zebit Make Money ?
When you read about a company that allows clients to pay overtime, the first thing that comes to mind is, “how do they make money?” After all, Zebit is a business, and they must make money in some way. Zebit buys products at wholesale costs and resells them at retail prices, resulting in a profit on each product sold. This is much the same as what other businesses do, except that Zebit allows you to pay for your purchase over time rather than billing you for the entire amount upfront.
As a consumer, you can get the things you need on your terms. You can also use the Zebit system to pay for goods over time without incurring additional fees, as long as you use a credit card and pay an additional interest fee for six months.
However, because Zebit is forced to make revenue from each good, it cannot offer sales pricing and discounts like other retailers. Prices at Zebit can be higher than those charged by other distributors.
What Are the Features of Zebit?
- ZebitLine – A ZebitLine is the consumer’s loan from Zebit. Zebit credit can only be used to purchase Zebit products; it is not a purchasing endpoint that can be used anywhere. Zebit re-evaluates your payment history from previous Zebit purchases and may adjust your ZebitLine accordingly. ZebitLines can be increased if payments are made on time without interruption.
- Zebit Market – The Zebit market is where you will be able to buy anything for free (except, of course, the interest rate on your credit card) with your ZebitLine, credit card, or debit card. If you use a credit or debit card, you must pay the full amount upfront. The installment agreement is delivered to you via your ZebitLine. Zebit constantly updates the Zebit market. The majority of items are brand new. Any things that have been used or renovated are properly labeled for your convenience.
- ZebitScores – ZebitScores assess your overall financial health. ZebitScores are unrelated to your ZebitLine. In other words, your ZebitScore does not affect your ZebitLine. Zebit, however, provides suggestions for increasing your ZebitScore.
Are There Any Fees?
Zebit does not charge any fees for purchases. The indicated price is the total amount you must pay for six months. To find the proper product, you simply need to register and log in.
Is It Safe?
During the application procedure, you must provide your personal information. If you are anxious about your safety, fret not. Zebit employs the type of encryption used by banks and other institutions to protect their data.
How Do I Open an Account?
Opening an account with Zebit is an easy process. The following are the minimum requirements for membership:
- You must be at least 18 years old (19 years in AL and NE and 21 in MS)
- In the United States (not available in Washington, D.C.)
- Having a yearly income of more than $16,000
- The possession of a social security number
You will not be required to have a credit score handy to participate. Instead, Zebit accesses your credit record by using the last four digits of your social security number.
This soft query will appear on your credit report, but it will not affect your credit score. Zebit obtains your credit records through SageStream to authenticate your identity. You may also be required to verify your income or present employer to obtain final purchasing clearance.
Enrollment only takes a few minutes. Simply give your name, address, last four digits of your social security number, and income information to be considered for a ZebitLine.
Having a recent pay stub on hand will save you time if you want to make a transaction soon after registering an account. Zebit will use this to verify your revenue and approve your purchase request.
Buy Smart
Zebit has no catch unless you consider paying a little more for things than Zebit paid for them a catch. But, because that’s how Zebit makes money in the first place, you can’t blame them.
Overall, it’s a good option if you’re in a tight financial condition or have poor credit yet need to buy a high-priced item. Even people with a little spare cash or good credit will find Zebit to be a viable choice for purchasing high-ticket items if they don’t have the funds to pay in full or are tired of paying interest.
