According to the Washington Post, shoppers who use pay-later options tend to spend more and buy more frequently than those who do not.
- How much are these buy-now, pay-later services going to grow by 2025?
- What national chains now have bi-weekly arrangements with customers for everyday purchases?
- Why are consumer protection experts warning against this trend?
Bhattarai, A. (2021). Buy now, pay later: New payment options go mainstream during the pandemic. The Washington Post, Feb. 3 (Retrievable online at https://www.washingtonpost.com/road-to-recovery/2021/02/03/pay-later-afterpay-klarna-affirm/)