Buy Now, Pay Later: How It Works and Why It’s Gaining Popularity
Buy Now, Pay Later (BNPL for businesses) is a rapidly growing payment solution that allows customers to purchase goods or services immediately while splitting the cost into smaller, interest-free installments over time. Originally popular among consumers, BNPL is now transforming the way businesses manage their transactions, customer acquisition, and cash flow.
For businesses, BNPL is more than just a payment method. It is a business solution that makes business customers happy, increases sales, and increases brand loyalty. But how exactly does BNPL work for businesses? It's time to figure it out, because that's what we're here for.