Buy now pay later

Buy now pay later is a payment option that allows customers to purchase products and delay payment for them until a later date. Typically, this involves splitting the cost into several instalments over a set period or paying the full amount at a later date. It is commonly used in e-commerce and retail stores as a way to make purchases more affordable and accessible to customers who may not have the funds available to pay upfront. However, it's important to note that missing payments can result in fees and negatively affect credit scores.