How do BNPL Split payments work
Buy now, pay later, or BNPL is in trend among users, but split payment is still new for some users, and they need to learn about this concept. When making a big purchase, it is common to receive an offer to pay in installments at checkout. Retailers increasingly offer instant approval point-of-sale loans with "Buy Now, Pay Later" offers (BNPL). Buyers and sellers benefit from these arrangements, as the ability to make multiple payments over time can enhance the appeal of purchase to shoppers and increase sales. Split payment is one of the concepts of BNPL, and consumers might get confused regarding the same. To clear out the confusion among the same, this blog will walk over everything you need to know about the BNPL split payment and its working? Split Payments: Overview When you take a loan/buy under the BNPL system, you are supposed to pay for the transaction at later duration. You can usually pay the amount next month. However, if any shortcoming arises, yo