Bread Payments

Bread Payments is a financial services company that offers payment, lending, and saving solutions. According to the vendor, their offerings include buy now, pay later options, installment loans, and high-yield savings accounts. The target market for Bread Payments ranges from small businesses to large enterprises. Industries such as retail, e-commerce, financial services, home furnishing, and apparel and fashion are said to benefit from the flexible payment options and robust data analytics provided by Bread Payments.

Key Features

Unlimited 2% cash back on purchases: According to the vendor, customers can earn an unlimited 2% cash back on all purchases made with the Bread Cashback™ American Express® Credit Card. The vendor states that there are no rewards caps, opt-ins, or categories to manage, allowing customers to earn cash back on all their purchases without any restrictions.

High-yield savings accounts: The vendor claims that Bread Payments provides high-yield savings accounts with competitive interest rates. According to the vendor, customers can earn a 5.15% APY* on their savings. The vendor states that these accounts have a minimum opening balance requirement of $100 and are FDIC insured.

Buy Now, Pay Later options: Bread Payments offers a Buy Now, Pay Later solution called Bread Pay™. According to the vendor, customers can make purchases and pay for them over time in installments that work with their monthly budget. The vendor claims that the application process is simple and fast, providing a real-time decision without affecting the customer's credit score.

Installment loans: According to the vendor, Bread Payments provides installment loans through Bread Pay™. Customers can get a loan for a specific purchase and repay it in fixed monthly installments. The vendor states that the loans have straightforward pricing with no prepayment penalties or deferred interest.

Flexible financing options: Bread Payments allows businesses to customize their payment options by combining Buy Now, Pay Later solutions with credit card products. According to the vendor, this flexibility enables businesses to offer the payment options that best suit their customers' needs.

Robust data analytics: The vendor claims that Bread Payments offers robust data analytics to businesses using their payment solutions. According to the vendor, these analytics provide valuable insights into customer behavior, purchase patterns, and payment preferences. The vendor states that businesses can use this data to optimize their marketing strategies and improve customer satisfaction.

Dedicated success team: Bread Payments provides a dedicated success team to assist businesses in implementing and optimizing their payment solutions. According to the vendor, the team offers support and guidance throughout the process, ensuring a smooth and successful integration.

Automatic payments: According to the vendor, Bread Payments offers automatic payment enrollment, ensuring that customers never miss a payment. Customers can enroll in AutoPay, which deducts the monthly installment or payment automatically from their chosen payment method.

Straightforward pricing: Bread Payments has straightforward pricing for their payment solutions, according to the vendor. The vendor states that there are no hidden fees, prepayment penalties, or deferred interest charges. Customers are said to know exactly what they owe with set payments and can avoid surprises.

Fast application process: According to the vendor, Bread Payments provides a fast application process for their payment solutions. Customers can get a real-time decision without a lengthy application or credit check, allowing for a seamless and convenient user experience.