Purchasing Power is a voluntary employee benefit program that allows employees to buy products and services through payroll deduction—often without a credit check.
Here’s how it typically works:
Employees shop online through the Purchasing Power platform, which offers items like electronics, appliances, furniture, travel, and even education services.
Instead of paying upfront or using credit, the total cost is divided into manageable payments that are automatically deducted from their paycheck over a set period (usually 6 or 12 months).
It’s designed for employees who may not have access to traditional credit or prefer not to use it, and it can help avoid high-interest loans or credit card debt.
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