12/11/2023 0 Comments Buy now pay later groceriesA whopping 56% of Americans have already used a Buy Now, Pay Later service at checkout. Borrow money without a credit check (24.73%)įor these reasons, it’s no surprise how popular BNPL has grown over the last year.Avoid paying high credit card interest (36.92%).According to a study by The Motley Fool, people love BNPL because it helps them: Instead of paying the full amount outright (like a traditional credit card) or socking an item away until layaway payments are made-BNPL services divvy the total into smaller chunks that customers can pay over time. To win cost-sensitive customers, retailers are rethinking the “Buy Now” button, using a new payment option that attaches a welcome suffix- “Pay Later.” Buy Now, Pay Later dishes a new thrill for Instagram scrollers and TikTokers, who can now ogle coveted items as something they can afford.īNPL providers divide up larger payments into smaller, bite-sized chunks, serving as a boost over that once hopeless roadblock at checkout. It’s time to make this item ours!īut as we hover over that “Buy Now” button, we recoil, our dreams dashed by the total cost and the realization that we can’t afford to pay the full price upfront. We head to the website, load it into our cart. In a late-night session of doomscrolling, we stumble across a vision, the product of our dreams, that must-have item that will right all wrongs. Buy Now, Pay Later is pushing the shopping cart revolution
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |