The Upsides and Downsides of ‘Buy Now, Pay Later’ Payment Methods
‘Pay later’ shopping typically meant an interest-free period following the purchase, during which no payments were made and no interest charged. After this interest-free period, payment was expected in full – otherwise, interest would be added from the time of the original purchase. Today, the ‘Buy Now, Pay Later’ (BNPL) market has developed, and in Europe – according to Kaleido, the research company – 30% of total eCommerce spend will be via BNPL by 2025.
by Mark Beresford | Aug 02, 2021
