Consumers facing cash flow shortages are more likely to use pay later services compared to their financially stable counterparts, highlighting a divide in payment preferences driven by economic circumstances. PYMNTS Intelligence’s “How People Pay Report: Cash Flow Shortages Drive Consumers’ BNPL Usage” found that buy...
American consumers can now buy now, pay later (BNPL) on eBay. A press release issued Wednesday (April 23) announced that eBay has extended its partnership with payments company Klarna to include the U.S. market. So for example, American eBay buyers can split eligible purchases into...
Affirm will begin reporting all its pay-over-time loans to TransUnion, beginning with those issued May 1. The buy now, pay later (BNPL) provider’s expanded credit reporting will include its Pay in 4 and longer-term monthly installments, the companies said in a Tuesday (April 22) press...
Klarna has teamed with Clover to bring its pay-later offering to that company’s point-of-sale system. The partnership will let shoppers pick Klarna’s installment payment option at more than 100,000 merchants in the U.S., according to a Tuesday (April 15) news release. “The agreement marks a major step in Klarna’s...
PayPal says it is adding new features to its buy now, pay later (BNPL) offering. To promote this new effort, the company announced Thursday (April 10), PayPal is rolling out an ad campaign featuring comedic actor Will Ferrell, due to launch this month. “Will’s signature...
Affirm and Shopify have expanded their pay-later offering beyond U.S. borders. The companies announced Wednesday (April 9) that Shopify merchants in Canada who have signed up for early access can begin offering the Affirm-powered Shop Pay Installments program, marking its first availability outside the U.S. ...
Buy now, pay later (BNPL) isn’t just a niche payment option anymore — it’s rapidly becoming a permanent fixture in how consumers budget, shop and pay, according to five industry leaders whose insights preview the new eBook, “Reimagining Consumer Finance: The Strategic Rise of Buy...
Covet that designer dress at Bergdorf Goodman, but can’t pay for it because you’ve maxed out your credit cards? Increasingly, there’s another way. A recent deep dive by PYMNTS Intelligence into what’s known as the Pay Later landscape reveals a surprising trend sweeping America’s consumer...
Fashion retailer Revolve Group will soon enable its customers in the U.S. to use Affirm to pay over time. The retailer will add this payment method in the U.S. in the coming days, both online and in its mobile app, and plans to then expand...