6 Pros of BNPL and a Note of Caution

If you shop online, you've probably run across a Buy Now, Pay Later (BNPL) option. BNPL is an interest- and fee-free way to break the purchase price down into (typically) four smaller payments, with the first 25% due on the day you buy. The remaining three payments are normally due bi-weekly, at which point your purchase is paid in full. Whether you're receiving a guaranteed income like Social Security or just starting out in life, BNPL may provide you with a payment plan that works for you.With major players like Affirm, Klarna, Afterpay, Zip, and Sezzle offering the service, BNPL has become so popular that the industry is expected to bring in $125 billion by 2027. In fact, BNPL has become so popular that everyday investors are getting in on the action. However, like most things in life, BNPL has pros and cons. Here are some of the most impressive features.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool