PayBeny

How Does It Work

You pledge an item of value as collateral, and in return, we lend you money. There is no credit check or background check associated with this type of loan (unless the specific item requires a background check, such as firearms.)

During the term of the loan, your item is placed under lock and key in our secure warehouse. We do NOT sell your item unless you fail to pay the loan back (this is known as "defaulting" on your loan.)

When you pay back the loan plus interest and/or fees, your item is returned to you. (This is called "redeeming" your loan.)

You may also extend the time of the loan by paying just the interest.

If you decide not to redeem your item, there is no credit consequence to you, and the items are simply sold at a value price to retail consumers in our store. (You can even buy it yourself later, if you want.)

What Are The Fees?

Our fees are regulated by state and city law.
Standard fee is 15% interest per 30-days.
Our loan terms are 30 days, but you can always extend a loan by paying the interest, and we’ll keep the item stored for you and extend the loan.
There is also a $5/month storage fee, and a $10 lost-ticket fee.

What Items Do You Take?

Almost anything!

• Electronics
• Jewelry
• Loose Diamonds, Gold, Silver, etc
• Luxury Watches
• Musical Instruments
• Tools, Equipment, Machinery
• Cars, Boats, Motorcycles, etc
• Art
• Antiques, Collectibles
• Firearms
• ...and anything else that might be valuable!