Buy Now, Pay Later Payments: New Rules Consumers Should Know

Buy now, pay later Consumer models are taking the US payments sector by storm.

BNPL appeals to US online shoppers who make modest initial payments up front and pay the remaining balances on scheduled due dates – often smaller payments made over four months.

Currently, standalone BNPL mobile apps such as Klarna, Afterpay and Affirm offer easy-to-use “buy now, pay later” services.

US consumers like these plans because they avoid large debt obligations and allow more flexibility in household budgets.

Source link