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Buy Now, Pay Later: Does it Work for your Online Retail Business?

April 1, 2021

Humans have been dynamically evolving the concept of loans and credit in commerce for hundreds of years — culminating in the explosion of consumer credit cards in the 20th century. However, the practice of using credit is gaining traction even more so now in the midst of the challenges and uncertainty of the COVID-19 economy. In fact, different ways of offering credit are blooming, and according to a recent survey, over one third of U.S. consumers have now used a buy now pay later (BNPL) service.

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