Buy Now Pay Later: Difference between revisions
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BNPL (Buy Now Pay Later) is a financing option being offered by more and more companies to increase sales. The practice consists of an interest-free payment plan where the customer pays in installment payments because they cannot currently afford the item they currently wish to purchase in full. | '''BNPL (Buy Now Pay Later)''' is a financing option being offered by more and more companies to increase sales. The practice consists of an interest-free payment plan where the customer pays in installment payments because they cannot currently afford the item they currently wish to purchase in full. | ||
==How it works== | ==How it works== | ||
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==Examples== | ==Examples== | ||
* [https://www.affirm.com/ '''Affirm'''] to pay for your groceries. | |||
* [https://www.afterpay.com/ '''Afterpay'''] to pay for gas. | |||
* [https://www.klarna.com/ '''Klarna'''] to pay for Doordash deliveries. | |||
==References== | ==References== | ||