BUISENESS MANAGEMENT
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Currency
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Credit card
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Debit card
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None of the above
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Detailed explanation-1: -Buy now, pay later (BNPL) is an alternative payment method that allows customers to purchase products and services without having to commit to the full payment amount up front. In doing so, customers have the ability to immediately finance purchases and pay them back in fixed installments over time.
Detailed explanation-2: -Using the BNPL option on credit cards is relatively straightforward: You make the purchase, check the app or the website to see if it’s eligible for BNPL, and choose a payment plan with a fixed APR or fee. One perk of using a BNPL loan is that you’ll know upfront how much your monthly installment payments are.
Detailed explanation-3: -Buy now, pay later methods let customers pay in installments over time. You’re paid immediately and in full and your customers pay nothing or a portion of the total at purchase time.