Toy merchants are working to boost their global visibility, and partnering with buy now, pay later (BNPL) providers that offer convenient payment options could be just the ticket. In the Buy Now, Pay Later Tracker, Alison Shaw, co-owner of Australia-based teddy bear retailer Tambo Teddies,...
Financial flexibility has been key for consumers during the pandemic, and many have turned to buy now, pay later (BNPL) plans that allow them to pay for purchases in installments. Americans are also spending more time at home during the crisis, prompting them to seek...
What instant lending innovation have shoppers fallen in love with? Here’s a hint: We’ll tell you now … and you can thank us later. Between 2018 and 2019, there was a 162 percent increase in buy now, pay later (BNPL) downloads – rising to roughly...
Among the more notable payment trends of 2019 and 2020 is the rapid rise of the buy now, pay later (BNPL) options that are available through a growing roster of merchants. The revival of “layaway” is most prevalent among cost-conscious millennials and Gen Y shoppers...
December 20, 2019
In the 1930s, in the era of the Great Depression, when consumers had little extra cash, retailers nationwide came up with an innovation to make it easier for people to shop without having to pony up cash right away. It was called layaway. Though different shops had different nuances in how they ran their programs, […]
November 23, 2018
Layaway — the system where a merchant holds an item aside for a consumer, usually for a small fee and a deposit, until the consumer finishes making installment payments on...
May 04, 2018
Sears Holdings has announced that it has expanded its leasing program so that customers can easily finance a variety of products, both in-store and online. The retail chain originally launched LEASE IT in 2012, aimed at providing an affordable solution to those who do not have credit or cannot benefit from layaway because they need […]
