What is "buy now, pay later" for online shopping?

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What is "buy now, pay later" for online shopping?

Rounding it up

  • Buy Now, Pay Later (BNPL) is a popular new way of extending credit to consumers to pay for purchases in installments

  • All you need to do to use buy now, pay later is select the option at checkout, where available, go through a quick and easy approval process, and submit payment.

  • There are drawbacks to using buy now, pay later including fees, overspending, and impulse purchasing.

  • As with any loan, always be aware of what payment terms you are agreeing to before you sign up.

6 min read

Ally Streelman
#BNPL#loan#credit score#online shopping

Ally Streelman

Ally Streelman is a storyteller whose work spans money, wellness, travel, and more with the chief goal of empowering readers. When she’s not stringing together sentences, you can find her immersed in a new city, cookbook, or novel or encouraging women to take hold of their financial journey.

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