What is BNPL, and how does it affect your business?
Buy Now, Pay Later (BNPL) is a short-term installment loan or line of credit made up of individual short-term installments at point of service (POS). The typical duration is six weeks and paid in four biweekly installments—a.k.a. “pay-in-4.” The consumer usually does not pay interest; instead, the merchant pays a transaction fee. BNPL is typically used for retail […]