Buy Now Pay Later: New Rules Consumers Should Know

Buy now, pay later, consumer models have taken the US payments sector by storm.

BNPL resonates with online shoppers in the US, who make modest down payments up front and pay remaining balances on scheduled due dates — often smaller payments made over four months.

Currently, BNPL standalone mobile apps such as Klarna, Afterpay and Affirm offer easy to use buy now pay later services.

American consumers love these plans because they avoid large debt obligations, leaving more flexibility in household budgets.

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