The use of Buy Now, Pay Later payments is growing in popularity with merchants and consumers alike. The concept has been compared to a modern-day version of layaway with one key exception. With layway, shoppers made regular payments, but they weren't able to take their merchandise home until the balance was paid in full. With Buy Now, Pay Later plans, consumers can pay for goods and services in four equal payments, often without paying additional fees and interest. Last fall, the BNPL payments ...
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