We tell you everything about the “Buy Now, Pay Later” payment method
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How many times have we wanted to buy something and couldn't because we didn't have enough money? If you are like us and you like to buy, surely there have been many. Well, that's over, because with the "Buy Now, Pay Later" payment method, we will see the world of shopping and luxury in a more accessible way. Are you ready to know EVERYTHING about this payment method?
With more than a century old and also known as the financing of your purchases, this method to which we refer, in addition to having been expanding in recent times (especially after the economic tensions of the pandemic and thanks to Generation Z or millennials) at the speed of light, has managed to change the way of buying articles, clothes or accessories online, since in its beginnings there were few establishments or brands that opted for this option, nothing to do with today. But, who has been responsible for the flourishing of this new way of shopping? None other than fintech companies and also responsible for introducing buy now pay later, Klarna, Affirm, Afterpay and Quadpay.
All of these companies mentioned claim to want to take over the entire buying process, from how consumers discover new products to how they pay for them and track their shipments. But all that glitters in this payment method is not gold, as several media outlets claim that the “Buy Now, Pay Later” could have an expiration date, as regulators are likely to examine the sector in the coming years. , as UK lawmakers have already questioned whether young consumers are taking on too much debt, as well as the possible lack of security and privacy these companies may pose.
For the time being, this method of purchase will continue, so if you want to buy some sneakers or a new bag and you have the possibility of financing it, there is still time.
