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What's the Difference Between Buy Now Pay Later And Credit Cards? Not Much, Experts Say
Products including the forthcoming Apple Pay Later are options for consumers looking to delay payments, but spending too much can be a problem.
The Afterpay app, a buy-now, pay-later company.
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Buy now, pay later options have proliferated in the past year, but experts say consumers should understand the risks before diving in.
Apps from companies like Afterpay Ltd., Affirm Holdings Inc., Klarna Bank AB — and soon Apple Inc. — have surged in popularity by offering a slight twist on old-fashioned layaway plans: customers can take their purchases home right away and then pay for them in installments, usually between three and six in total.