The buy now, pay later (BNPL) space is headed off a cliff. Or maybe not. A wave of late payments, a rising tide of delinquencies will sink the sector. Or maybe not. Much has been made in recent weeks about the economics of BNPL, about...
Seventy-one percent of U.S. consumers planned to spend at least as much on holiday gifts this year as they did in 2020, if not more, and buy now, pay later (BNPL) could prove to be a popular payment method among those looking to manage their budgets...
A growing number of small and midsized businesses (SMBs) are also now converting browsers into buyers and encouraging bigger purchases with the aid of buy now, pay later (BNPL). In the Buy Now, Pay Later Tracker, David Burrows, co-founder of skincare company Hivessence, discusses how...
Consumers in the United States had big shopping goals for this holiday season. Seventy-one percent said they planned to spend as much — if not more — on gifts this year as they did in 2020. As they manage these spending sprees, many consumers have...
PollenPay on Wednesday (Dec. 22) jumped into the buy now, pay later (BNPL) sector, giving shoppers another option to spread out their payments over time, according to a Charged report. Founder and chief executive Leon Wilson outlines the purpose of his company as easing pressure...
Digital electronics retailer Newegg Commerce, Inc. on Tuesday (Dec. 21) partnered with buy now, pay later (BNPL) platform Affirm to give customers who spend $100 or more the option to pay for their purchases on Newegg.com over time in equal payments with no fees. “Consumers...
Reminiscent of government hearings in the late 1960s over potential credit card debt dangers, the Consumer Financial Protection Bureau (CFPB) is now inquiring into issuance, refund and fee policies of buy now, pay later (BNPL) brands, who must show that their terms don’t let consumers...
How’s this for a brilliantly simple pitch: “Buy it now. Pay for it later.” Is it any wonder that the world is in love with installment payments? It’s got everything. Instant gratification. Affordability. Really cool app experiences. Did we mention instant gratification? Why do you...
The Consumer Financial Protection Bureau (CFPB) opened on December 16 an inquiry into Buy Now, Pay Later (BNPL) to better understand the risks and benefits of this payment instrument. The CFPB issued orders to Affirm, Afterpay, Klarna, PayPal and Zip to gather detailed information about...
