In the country, pawnshops are almost everywhere. There’s basically at least one pawnshop in every municipality or town across the archipelago, with companies like Tambunting, Villarica and a couple of Lhuilliers dominating the pawnshop market in the country. But a new player has entered the pawnshop market in the country that is bringing something to the table that no other pawnshop in the country and let alone in South East Asia has — online pawning.

David Margendorff, Chairman and Co-Founder of PawnHero.ph

David Margendorff, Chairman and Co-Founder of PawnHero.ph

The first Online Pawnshop in the country and the whole South East Asia, PawnHero (stylized as PawnHero.ph) promises to provide the country a hassle-free, private, and convenient way to pawn valuable items for short-term cash needs.

“PawnHero.ph offers the lowest interest in the country—half of what traditional pawnshops charge, and higher appraisal values for a wider variety of items—beyond what brick-and-mortar pawnshops are willing to accept as collateral for a loan,” said David Margendorff, Chairman and Co-founder of PawnHero.ph.

How Pawn Hero Works

How does Pawn Hero work, you may ask? Well, one can simply head to the company’s website (www.pawnhero.ph) to upload a photo of the item you want to get appraised for pawning. An estimate appraisal will be then available in a couple of minutes and a scheduled free pick up will be then generated if you wish to proceed. You’d then get your cash the same day Pawn Hero receives your item. All you have to do next is to pay back your loan depending on the deadline date, and Pawn Hero will ship your item pack to you fully insured and for free.

For all the shipping needs, Pawn Hero partnered with 2GO, one of the country’s largest transport and logistics provider. This allows Pawn Hero customers to submit their pawn request without leaving the comfort of their own homes. “We will make the whole 2GO logistics ecosystem available for (PawnHero) to help accelerate growth. In particular, 2GO Express will partner with (PawnHero) in whatever way PawnHero finds productive to put the business at distinct advantage over similar businesses like regular pawnshops.” said Jun Tagud, CEO of 2GO.

PawnHero Card

Pawn Hero is issuing a prepaid debit card called the PawnHero Card to their customers for them to instantly receive their cash for the item(s) pawned, letting cardholders withdraw money from any ATM machine nationwide, as well as shop through any BancNet accredited merchants.

PawnHero - Items We Accept

Items accepted for pawning are not limited to just jewelries, as Pawn Hero also accepts gadgets like smartphones, tablets, cameras and laptops; luxury designer bags like Hermès, Chanel and Prada, designer shoes like Christian Louboutin, Manolo Blahnik and Jimmy Choo; luxury watches like Rolex, Tag Heuer and Cartier; luxury eyewear like Rayban, Burberry and Dolce and Gabbana; loose stones, musical instruments and other equipments for gym, dental and other similar valuable equipments and furnitures. For the complete list of Pawn Hero acceptable items for pawning, simply check this link.

Lastly, aside from providing accurate and fair estimates to a wide range of items, Pawn Hero promises its customers guaranteed transparent and flexible terms, no hidden charges and no penalties for late payments and loan renewal.

To know more about Pawn Hero, visit their website at www.PawnHero.ph.