The Appeal and Proliferation of Buy Now, Pay Later: Consumer and Merchant Perspectives

Abstract: Use of buy now, pay later (BNPL) payment products has been growing in the United States. We explore the benefits and risks of BNPL products for consumers and merchants.

Keywords: Buy Now Pay Later (BNPL); Payments;

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Bibliographic Information

Provider: Federal Reserve Bank of Kansas City

Part of Series: Payments System Research Briefing

Publication Date: 2021-11-10

Issue: November 10, 2021

Pages: 7