ePawnFAQ



Q: What is a pawn shop?

A: A pawn shop is a business that offers secured pawns to people, with items of personal property used as collateral.


Q: How does a pawn work, and how do I get a pawn?

A: Pawn are a quick and easy way to borrow money without a credit check or hassle. Pawn amounts are based on the value of your collateral, not your credit rating or pay schedule. A typical pawn may have a term length of 30 days/one month, plus a 10-day/one month grace period. If you cannot pay back your pawn in full, including any applicable grace period, we offer extensions/renewal fee's (where permitted by state law) to give you extra time. You may also choose to surrender your collateral as payment in full.


Q: What does the Online Pawn process look like?

A: Driver’s license or government issued ID for all transactions other than Title Pawns. On vehicle Title Pawns, one must have a driver’s license or government I.D., proof of residence such as utility bill, personal references, and check stub to verify employment. In most cases, the customer is allowed to keep the car during the pawn period.


Q: What I.D. or other information do I need to have with me to get a pawn?

A: Driver’s license or government issued ID for all transactions other than Title Pawns. On vehicle Title Pawns, one must have a driver’s license or government I.D., proof of residence such as utility bill, personal references, and check stub to verify employment. In most cases, the customer is allowed to keep the car during the pawn period.


Q: What are examples of accepted collateral?

A:

  • Aerial Drones
  • ATVs
  • Big Rigs
  • Boats
  • Bulk Gold
  • Bulk Silver
  • Cars
  • Coin Collections
  • Electronic
  • Equipment
  • Fine Art and Show Pieces
  • Firearms
  • High-End Fashion
  • High-End TVs
  • Hunting Gear
  • Investment Bonds
  • Jewelry
  • Laptop Computers
  • Loose and Set Precious Gems
  • Loose Diamonds and Jewelry
  • Luxury Handbags
  • Luxury Timepieces
  • Luxury Watches
  • Machinery
  • Mobile Phones
  • Mobile Tablets
  • Motorcycles
  • Music Equipment
  • Platinum Jewelry
  • Power Tools
  • Premium Appliances
  • Property
  • Rare and Precious Metals
  • Rare Currency
  • Riding Lawnmowers
  • Sporting Goods
  • Stock Certificates
  • Video Game Consoles
  • Vintage Antiques
  • Vintage Collectibles

* We accept all of these items, and more!


Q: How does pawn collateral work? How do you decide how much to give me on my item?

A: The pawn process varies based on the collateral presented. For example, with jewelry we weigh the item, determine the precious metal content (for example, 14K vs. 10K), and evaluate any gemstones based on cut, clarity, color, and carat weight. Our highly trained staff then makes the most reliable estimates of the worth of your item, enabling us to offer you the highest amount for your item. On auto titles, we note specific details such as vehicle model, mileage, model year, condition, etc., and we then refer to a website such as Manheim auctions or Black Book to ascertain the value.


Q: How do I pay off the pawn?

A: All payments are made in cash at the store where the pawn was made. Once interest and principal are repaid, the item is returned to the customer. Some payments also can be made by cashier’s check or money order.


Q: What if I cannot pay off the pawn – what happens to my collateral?

A: If the pawn can't be repaid, once the “hold” period expires, the item is the property of the pawn shop. Even after the pawned item has been forfeited and a customer wishes to pay the interest and principal, we will make every effort to find and reactivate the pawn or return the collateral item to the customer, once the amount has been fully paid.


Q: What kinds of items can I pawn?

A: ANYTHING OF VALUE

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No Hidden Fees
No Credit Check
Safe & Secure
8-25% APR
No Max Term

How It Works

Sam is looking for a way to make quick money with little hassle, so he fills out our pawn online form to pawn his valuable item. He hears back from our team and we express interest in offering him a loan in exchange for his pawned item and a shipping label for sending it in. He sends his item in and our team evaluates the value of the item and offers Sam $10,000 for a pawned item if he agrees to pawn it. If not, ePawn will securely pack the item back up and ship the item back to Sam. Sam decides to accept the offer, so our team gives Sam $10,000 and securely holds his item as collateral for the loan. Interest on a $10,000 loan will cost $800 per calendar month. Sam can pay $800 after the first month of the pawn to extend their pawn for another month, and he is welcome to do this every month indefinitely until he is ready to pay $10,800 and reclaim his pawn. The other option Sam has is to forfeit the pawned item and have no further obligations of reimbursement.

Interest: $1-$500 = 25% APR // $501-$1000 = 15% APR // $1001 and up = 8% APR