Helpful Tips from H&R: Should You Buy Now, Pay Later?
BNPL stands for Buy Now Pay Later. In a BNPL transaction, the consumer pays for the transaction amount in smaller increments over time until the total transaction amount is reached. Over the past several years, BNPL has taken share from more traditional payment methods in the global payments ecosystem. BNPL is often marketed as a new payment method. However, it is merely a simple repackaging of an old idea – installment payments.