Format | Price | Quantity | Select |
---|---|---|---|
PDF Download |
$6.95
|
||
Printed Black & White Copy |
$7.25
|
This technical note discusses the history, competitors, risks and benefits, and economics of Buy Now, Pay Later (BNPL)—a financial product that allows consumers to make purchases and defer payment over a specified period without credit checks, down payments, or interest payments, unlike traditional credit options. The note also explores key characteristics of other consumer credit products, such as credit cards and unsecured loans, providing comparison and contrasts with BNPL.