A company pays the whole amount of the product to the retailer at the time of purchase, and the customer gets the time to pay the amount in installment in the upcoming months. Usually, there is no interest in the purchase of most of the products.
Popular Buy Now Pay Later Companies
- Affirm
- Afterpay
- Klarna
- PayPal Credit
- Zip
- Sezzle
BNPL payment options
When you buy a product through BNPL, Affirm provides you with three different payment options as per your ease.
- Pay Later in full; you will get 30 days to pay
- Pay Later Installments; you will get 3 or 4 equal interest-free installments
- 36 monthly payments (interest charges can apply)
Buy now pay later has become an international standard for most online retailers. But now, more sellers are shifting towards this robust method at the physical selling points. In addition, customers can have virtual or physical cards to make their purchases easier and hassle-free even in the physical store to benefit from the buy now pay later method.
Processes Responsible for Transforming the Shopping Experience
Buy now pay later comes with the same user experience, flexibility, and options that Millennials like the most. In addition, the flowing points will help you understand why more people are shifting towards this new purchasing method.
