Why Consumers Choose Pay Later Over Traditional Credit

10 Impact Statements: The 2024 Pay Later Report

Consumers use pay later plans because they provide convenience and flexibility when paying for large purchases. These don’t go out of style, helping to explain why 24% of consumers plan to use BNPL plans next year, and even more among millennials and parents. Dive into the “Pay Later Report” eBook for data-driven insights into how to meet the growing demand.

Inside the January eBook
  • 56%: Share of consumers who used any type of pay later plan in the last 12 months, as of October
  • 75%: Share of financially struggling high earners who decided to use pay later plans in the last 12 months
  • 18%: Share of consumers not living paycheck to paycheck who use installment plans because of convenience