The COVID-19 outbreak and resulting social distancing mandates are driving gyms to close and citizens to take their exercise indoors. But with unemployment skyrocketing, financing options for workout equipment can go a long way in reducing the burden on consumers’ wallets. In this month’s Buy...
Buy now, pay later (BNPL) solutions are more popular than ever, allowing consumers to avoid paying at the point of purchase and instead doing so in increments over several weeks. BNPL solutions are the fastest-growing online payment methods in the United States as well as...
Australian startup Afterpay is settling with the California Department of Business Oversight (DBO) over allegations that the buy now, pay later (BNPL) firm was offering illegal loans in the state. The DBO said it is requiring Afterpay to offer its service under a finance lender’s...
Peer-to-peer (P2P) instant money apps and real-time payments (RTP) are the most exciting developments in getting paid in decades, and alternative credit is having the same effect on borrowing. This week we look at the rising phenomenon of alternative credit which revived the dormant “layaway”...
Retail frequently adapts well to the new technologies or tools consumers might be using to shop, but repricing goods to accommodate customers who are wary of overspending is often out of its reach. Retailers and payment professionals may think this problem affects only luxury brands, but...
Buying expensive shoes can make debt-shy customers uncomfortable, and retailers can’t always drop prices to get them over the hump. In the latest Buy Now, Pay Later (BNPL) Tracker, Chad Miller, senior director of digital experience for footwear retailer Designer Brands (DSW) explains how BNPL...
Payments unicorn Marqeta is partnering with buy now, pay later (BNPL) platform Afterpay to help advance its U.S. presence and support new products, Marqeta announced on Thursday (March 5). Afterpay allows merchants to give shoppers a way to pay for purchases in four installments over a...
Buy now, pay later (BNPL) solutions seem perfect for the occasional luxury buy — but luxury retailers are far from the only businesses that could benefit from introducing installment payment solutions. The average consumer makes luxury purchases only rarely, after all, and 40 percent of...
The buy, now pay later (BNPL) technology firm Splitit Payments has partnered with Visa to advance installment payments for merchants and evaluate possibilities for new products, Splitit announced on Monday (March 2). “We are excited to be working with Visa as part of the global...
