- Amounts: Credit limits up to $100,000. Terms: Fixed-rate installment loans and promotional plans; not published by amount.
- Your cost: A fee each time you run a transaction; amount on request, invoiced monthly.
- Paid: Within two business days after the customer authorizes.
- Read on GreenSky's own pages, October 9, 2026.
What GreenSky is
GreenSky is a customer financing provider. It is built for home improvement merchants in the US, from HVAC and roofing to pools, remodeling and windows.
- GreenSky is not a bank. It runs the GreenSky consumer loan program for federally insured banks, which make the loans and the credit decisions.
- It offers fixed-rate installment loans and promotional plans with no interest if the balance is paid in full during the promotional period.
- Credit limits go up to $100,000, and applicants are approved for more credit where possible.
- Merchants pay a fee each time they run a transaction, invoiced monthly for the previous month.
- Staged funding lets you take progress payments up to a limit; pool projects can get up to 70% of the loan before decking.
How it works for a contractor
You apply to become a merchant and get a merchant number. Customers apply online, by phone or in the GreenSky app using that number, and provide basic details and photo ID.
When the customer authorizes a payment by text or email, the money reaches you within two business days. You can take progress payments up to your staged funding limit through the merchant portal, and the final the same way.
What it costs you and your customer
The same seven columns for GreenSky and for financing on Koira's pay page, from each one's own pages.
| How the customer pays | Amounts | Terms | Customer APR | Your cost per job | When you are paid | Setup | |
|---|---|---|---|---|---|---|---|
| Koira pay page | Affirm or Klarna, chosen by the customer on Koira's pay page | Invoices from $50 to $30,000 | Set by Affirm or Klarna | Set by Affirm or Klarna; the customer sees it when they apply | Stripe's rate (Affirm 6% + 30¢, Klarna 5.99% + 30¢) plus Koira's 2%, 1% or 0.5% by plan | Into your own Stripe account, like a card payment | Nothing to apply for; it is part of the pay page on every plan |
| GreenSky | Installment loans from partner banks, including promotional plans | Credit limits up to $100,000 | Fixed-rate installment loans and promotional plans; not published by amount | As low as 0%, varying by plan | A fee each time you run a transaction; amount on request, invoiced monthly | Within two business days after the customer authorizes | Apply to become a GreenSky merchant |
From GreenSky home improvement and Stripe pricing for buy now, pay later, each read on its own site on October 9, 2026. "Not published" means the provider does not list it on its public pages, so ask. Rates and terms change and depend on the customer's credit.
Who GreenSky fits
- Larger home improvement projects that need high credit limits
- Jobs paid in stages, using staged funding
- Contractors comfortable with a merchant fee per transaction
What to ask before you sign up
- The merchant fee is not published; ask sales for it before you price jobs
- Promotional plans need the customer to pay in full during the promotion to avoid interest; make sure they understand the plan
- Applications must be electronic; paper, fax and email applications are not accepted
Financing on Koira's pay page
Koira's pay page offers Affirm or Klarna on invoices from $50 to $30,000, on every plan. The customer chooses to pay over time on the same page where they would pay by card, applies on their own phone, and the lender decides approval and terms. You never run credit or fill in a lender form.
What you pay is Stripe's published rate for the method the customer picks, Affirm 6% + 30¢ or Klarna 5.99% + 30¢, plus Koira's share of 2% on Office, 1% on Grow or 0.5% on Front Office. For jobs above $30,000, or if you want a dedicated home improvement lender, a provider like GreenSky can sit next to it.
Sources, each read on the provider's own site on October 9, 2026: GreenSky home improvement, GreenSky merchant FAQ, Stripe pricing for buy now, pay later, Stripe pricing, and Koira pricing. We read each page's own text; we did not use summaries or third-party lists.