Katapult is another way to pay at RedPocket Mobile.
Katapult is a leader in the lease-to-own space. They offer simple, straightforward payment options to help you get the latest and greatest in tech. RedPocket offers Katapult as a payment option for phone purchases, giving you another great way to upgrade to the phone you want.
What is lease-to-own?
Lease-to-own is a great way to try a product out and pay over time! With Katapult’s lease-to-own service, you’ll choose the phone you want, complete the application and agreement with them, and then make recurring payments on the phone. There’s no long-term obligation, so if you decide you don’t like the phone or if your financial situation changes, you can return it without owing the full balance (depending on the terms of your agreement).
Lease-to-own also gives you a few ways to fully own the phone. It’s a lot more flexible than a loan, and might be a great option for your next phone upgrade.
How do I use Katapult?
Katapult is easy to use! All you have to do is apply and, if approved, check out from there. We’ll send your device to you, and you’ll make monthly payments to Katapult. You can keep the phone for as long as you want on the lease, choose to purchase it, or return it at any time.
What’s the difference between lease-to-own vs. a loan (financing)?
Each payment method has pros and cons, and you should research to make sure you choose what’s best for you. Generally speaking, loans usually have lower monthly payments, but you’re locked into the terms and the device once you sign the agreement. Lease-to-own agreements, like the ones offered by Katapult, have a higher monthly payment, but offer a lot of flexibility on whether you want to buy, return, or continue to lease the phone.
How do I make Katapult lease-to-own payments?
You’ll make the first payment right at checkout. From there, Katapult will charge your monthly lease-to-own payment to the card you used at checkout. You can manage your account or change your payment method through Katapult’s website at any time.
What is needed to apply for a Katapult lease purchase agreement?
It’s simple to apply. All you need is:
- A valid mobile phone number that can receive SMS text
- A valid US address
- A valid Social Security or Taxpayer ID Number (ITIN)
- A valid email address
- A valid credit or debit card to make payments (no prepaid or gift cards)
- A valid photo ID showing you are 18 years of age or older
You can get pre-approved for a Katapult lease-to-own agreement without affecting your credit score!
How do I cancel an order placed with Katapult?
RedPocket orders made through Katapult can be canceled through redpocket.com for 14 days after the purchase is made. After that, you'll need to reach out to Katapult directly to cancel. You can call them at 1-833-KATAPULT (528-2785), or email help@katapult.com.
Still have questions about Katapult? Learn more about them on their website.