PAYMENT PLAN OPTIONS
What Is Buy Now, Pay Later (BNPL)?
Buy Now, Pay Later (BNPL) is a type of short-term loan that lets shoppers pay for products in small installments spread over a set period of time. These services are typically used for minor, although expensive purchases like smartphones or luxury clothing. Unlike other types of loans, BNPL loans are typically interest-free and rarely carry other service fees, making them suitable for people on a tight budget. However, this kind of convenience can come at a cost, as you may be tempted to buy more than they can actually afford.
