Alex Wright Next Level

  There are several hundred online shopping stores, and prospective customers have a wide choice to begin from search engines, locate online stores and have marvelous shopping experiences. The best part is that many online shopping sites are affiliated with the buy now pay later facility. This essentially means that buyers select products and create an online shopping cart. Buyers can select the shop now pay later option during the payment gateway. The BNPL ( buy now, pay later ) facility allows buyers to pay a token amount upfront and pay the balance in easy monthly or fortnightly installments. This is a very convenient facility, and shopping has become more affordable when there is an option to pay back over several weeks. More than just credit The buy now pay later facility is mainly operated by fintech companies, and they are now also offering a wide range of rewards, loyalty incentives, and discounts. This facility has undergone major changes. There are now varied repayment

  Buy Now Pay Later (BNPL) or get now pay later is a type of short-term financing that allows customers to make purchases and pay at a future date, in easy installments, often interest-free. It is also referred to as the point-of-sale installment loan. The concept of the buy now pay later scheme is that customers can buy things they need immediately by only making a partial payment (down payment) while also getting a little more time to make the full payment in installments for the purchase made. On the other hand, the seller receives full payments for the goods sold. How does buy now pay later work? Also known as get now pay later, the facility varies from each company based on their terms and conditions. Generally, this is how the get now pay later facility works: ●       Once a purchase is made at a participating retailer, and when you opt for the buy now, pay later at checkout. ●       After approval, you make a small down payment of maybe 25% of the purchase value.