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About Purchasing Power

People and purpose power our business.

The heart of our success lies in the strength of our people, culture, and customer relationships.

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Our mission: to financially strengthen employees, afford them peace of mind, foster responsibility and help increase their engagement and productivity within your organization.

Company history

25 years of purpose 
and progress.

For over two decades, we’ve helped employees improve their financial well-being and empowered employers to build stronger workplaces. Our milestones tell the story of how that purpose has continued to grow.

2001
Founded in Atlanta

Purchasing Power is established as a first-of-its-kind employee purchase program, offering the convenience of paying over time through payroll deduction. The first client partnership launches in the healthcare industry.

2002
Expanding Reach

The online catalog grows to 10 products as the company adds its first public sector client and a Fortune 500 soft drink company.

2003
Building Partnerships

With 100 products now available, Purchasing Power aligns with the U.S. benefits broker network and welcomes additional Fortune 500 and public sector clients.

2005
Growing Catalog

Consumer electronics join the catalog, supported by a new multi-million-dollar credit facility to offer broader access to products and services.

2008
Recognized Growth

Purchasing Power surpasses 100,000 orders and is named to Entrepreneur Magazine’s Hot 500 and Inc. 5000 Fastest Growing Companies lists.

2009
Achieving Milestones

The company reaches $100 million in revenue, earns the SHRM Impact Award, and partners with Junior Achievement to promote financial literacy and career readiness.

2012
Broadening Categories

New categories are added including: furniture, fitness, baby and infant essentials, and online education options. The company earns the Smart Business Magazine Customer Service Award.

2014
Innovation and Recognition

Purchasing Power surpasses 750,000 orders, launches its mobile app, and receives the Stevie Gold Award for Sales and Customer Service.

2016
Expansion and Impact

Automotive products and the Refer & Earn Program launch, while employees contribute more than 3,600 volunteer hours annually.

2018
Industry Leadership 

Recognized as eCommerce Retailer of the Year by SYNNEX Corp., appears on the Inc. 5000 Fastest Growing Companies list for the 10th time, and earns the CVC Atlanta Impact Award for Corporate Volunteerism.

2020
Global Growth

Purchasing Power establishes a Global Capability Center in Chennai, India, extending support and innovation capabilities worldwide.

2022
Advancing Innovation and Culture

Introduces the POWER Principles—Passion, Ownership, Winning, Empower, Reimagine—and launches its first Company Hackathon with 350 participants and 80 new ideas

2023
Milestone Year

Purchasing Power reaches 1 million customers, surpasses $500 million in revenue, and launches initiatives like the Employee Engagement Council and Helping Hands.

2024
Expanding Financial Wellness

Launches Grocery Power to help employees manage rising food costs, while the Chennai office leads new community education and volunteer programs.

2026
Celebrating 25 Years

Our focus remains steadfast: continuing to champion financial wellness and benefits that bring lasting value to employees and employers alike.

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Power Principles

Purchasing Power offers a diverse and inclusive workplace where you can thrive.

Our POWER Principles define our culture and motivate us to be our best.

Passion

We act with intensity, urgency, and a passion for supporting our customers and growing our business. We strive for excellence.

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Ownership

We hold ourselves accountable and expect it of each other. We attack problems with a positive “can-do” attitude. We do what we say we’ll do.

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Winning

We deliver as one team, working together with integrity, respect, trust, transparency, and fun. We are better because we work here.

w

Empower

We believe our unique diversity and authenticity make us a better company, allowing us to be our best selves and is a competitive advantage.

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Reimagine

We exhibit innate curiosity and creativity to innovate and reimagine how things can be done. We ask, is there a better way?

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Meet the team

Take a glimpse at the faces behind Purchasing Power. Across our U.S. and India offices, our teams embody collaboration, excellence, and a shared commitment to making financial wellness more accessible, powering people to a better life.

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QUICK RESOURCES

Top FAQs

Want to learn more about Purchasing Power? Explore our FAQs for quick answers on our program, eligibility, and how it works.

See All FAQs
How does Purchasing Power work?

Any employee who meets eligibility requirements based on tenure and salary is automatically qualified – there is no credit check. Eligible employees can register through the Purchasing Power website at any time and view our online catalog.The employee will know the total price upfront and how much will be deducted from each paycheck over a 6- or 12-month period. Orders are processed for timely shipment, and payments are deducted from the employee’s paycheck and remitted back to Purchasing Power.

Is Purchasing Power a discount program?

Purchasing Power is not a discount program. In fact, some of our prices are higher than those you’ll find at large retailers. There are a couple of reasons for this. We don’t charge interest, so program costs are built into the prices of items we sell. Plus, we add warranties to most products to help keep you protected.

Can I buy with Purchasing Power?

You can buy with us if:

  • Your organization offers our program as a benefit: If your organization is listed in the Sign up form, you can register at any time.
  • You meet the program requirements for your group: Normally this means meeting a minimum for age, salary, and time with your organization. Each company has its own program requirements. You can see the program requirements for your group through My Account in Eligibility & Program Information.
What about finance charges?

No finance charges--we mean it. With Purchasing Power, you can pay for purchases over time with fixed, regular payments. We don’t charge interest, and we let you know how much you’ll pay right up front.

What happens if I leave my job?

If you have an open order with us and change jobs, we’ll work with you directly to figure out a payment plan. We don’t charge extra fees, so the amount you’re paying won’t change.

Insights

2025 Financial
Wellness eBook

DownlOAD to read more
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