Hey, would you like to purchase something wonderful but lack the funds to do so? You’re in luck then! Due to the popularity of Buy-Now-Pay-Later (BNPL) schemes, financing purchases is now simpler than ever. In this post, we’ll talk about the top 10 BNPL providers worldwide.
Afterpay
Afterpay is a BNPL service that allows users to split their purchases into four interest-free payments, made every two weeks. It was founded in Australia in 2014 and has since become a popular payment option for online and in-store shopping. Using Afterpay is simple and convenient. All you have to do is sign up for an account and link your credit or debit card. When you’re ready to make a purchase, simply select Afterpay.
Klarna
Klarna is a Swedish BNPL provider that allows users to split their purchases into four interest-free payments, made every two weeks. It was founded in 2005 and has since become a popular payment option for online and in-store shopping. Klarna also offers longer payment plans with interest rates for larger purchases. These plans allow you to pay off your purchase over several months, making it a more flexible and manageable option for big-ticket items.
Affirm
Affirm is a BNPL provider that allows users to split their purchases into monthly payments, with interest rates varying based on the length of the payment plan. It was founded in 2012 and has since become a popular payment option for online and in-store shopping. Using Affirm is straightforward and transparent. When you’re ready to make a purchase, simply select Affirm as your payment method and complete the checkout process. Affirm will then offer you a selection of payment plans with interest rates varying based on the length of the plan. Affirm’s interest rates are clearly displayed upfront, so you know exactly how much you’ll be paying before you commit to a plan. And there are no hidden fees or charges to worry about.
Zip
Zip is an Australian BNPL provider that allows users to split their purchases into interest-free payments over a period of time. It was founded in 2013 and has since become a popular payment option for online and in-store shopping. Zip also offers longer payment plans with interest rates for larger purchases. These plans allow you to pay off your purchase over several months, making it a more flexible and manageable option for big-ticket items.
Splitit
Splitit is a BNPL provider that allows users to split their purchases into interest-free payments using their existing credit card. It was founded in 2012 and has since become a popular payment option for online and in-store shopping.
Sezzle
Sezzle is a BNPL provider that allows users to split their purchases into interest-free payments over a period of time. It was founded in 2016 and has quickly gained popularity for its transparent payment plans and budget-friendly options. Sezzle also offers longer payment plans with interest rates for larger purchases, but unlike other BNPL providers, it’s transparent about the fees and charges associated with each plan. This allows you to budget and plan your payments accordingly, without any hidden surprises.
PayPal Credit
PayPal Credit is a BNPL provider that allows users to make purchases and pay them off over time, with flexible payment options and competitive interest rates. It’s owned by PayPal, a widely used and trusted payment platform. Using PayPal Credit is easy. Simply apply for an account and once approved, you can use it as a payment option when making purchases online. You can choose to pay off your balance in full each month, or make smaller payments over time, with interest charged on the remaining balance.
Quadpay
Quadpay allows users to split their purchases into four interest-free payments over a period of time. It was founded in 2017 and has quickly gained popularity for its user-friendly platform and budget-friendly payment options. Quadpay also offers longer payment plans with interest rates for larger purchases, but it’s transparent about the fees and charges associated with each plan.
Openpay
Openpay was founded in Australia in 2013 and has expanded to several countries, including the United Kingdom, Mexico, and Brazil. It allows users to split their purchases into interest-free payments over a period of time, with customizable payment plans and options.
Laybuy
Laybuy was founded in New Zealand in 2017 and has quickly expanded to other countries, including the United Kingdom and Australia. It allows users to make purchases and pay them off over six weekly interest-free payments, with no additional fees.
