Almost $46 billion in buy now, pay later transactions were made online in 2021, up from $15.3 billion the year before, according to GlobalData, a data analytics company.
Various BNPL companies have partnerships with retailers that sell groceries. and pay in four installments. Sezzle and several other apps can be used in-store at Target. Users can download the Zip app to use in-store or online at Costco.
But Tallents said pushing your food expenses more than a month out isn't a smart financial move. Especially when it's difficult to track how many BPNL loans you have out at once. "That is all fine and good in an environment where everyone is employed like we are right now," he said. But if a downturn in employment were to hit, there could be trouble.
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