Buy Now Pay Later payment systems are extremely common today. In fact, Target is a Buy Now Pay Later store, and there are more than 12 sites with this payment system. Some concerts even have Buy Now Pay Later.
Many times we do not have enough money to perform an activity or payment online, there are several options in today’s economy where it is not necessary to have the funds to purchase a product, as they can be paid later.
How can I make these later payments with applications?
These represent a starting point in the world of economy and a way to get out of trouble for anyone who requires it. At this point, we must consider certain applications that could work to pay later a product or in installments. These are the following:
- Splitit
- Affirm
- Klarna
- Afterpay
- PayPal
- Zebit
Some of these generate a credit history in banks. If they are not paid on time, this option could be eliminated and directly affect your bank and customer management. The first application we have to know about is Splitit, which works hand in hand with credit cards such as Visa, MasterCard, Discover, and UnionPay.
Here the debit cards cannot be associated, but the credit cards and your financial history is verified. This approval is not immediate, but there is no interest charge for purchases made with the loan.
This same loan can be paid in 3 or 24 months and is ideal for purchasing household items for a move or for newlyweds as it is normally used.
| Description | |
| Affirm | Amounts up to $17.00 interest free in 4 installments |
| Klarna | Interest rates up to 25% on terms from one month to 3 years (4 installments) |
| AfterPay | Late payment fees up to 25%. |
| PayPal | Interest-free loans from $30 to $1500 |
| Zebit | Loans from $1000 to $25,000 with 25% down payment |
Affirm
Affirm works mainly for customers with a good credit history; they work with splitting purchases without interest in 4 installments; this is considered one of the best options because you can apply for amounts ranging from $17,000 and up.
Usually, the charges on loans are fixed at 30%, and the repayment can be made in 1 month or 48 months. To apply for this service, you do not need any technical requirements or additional membership fees.
Klarna
When we refer to Klarna, it offers four different payment methods for its users. Many times at the first moment of making a transaction in the application it can fail. This is common for new users.
In the case of old users, the use is more accessible and the loan options may vary depending on the user. In addition, interest rates are usually 25% and are spread over terms ranging from 1 month to 3 years.
Once you become a regular and trusted user, the loan can increase in value; here, you don’t need an upfront fee to pay.
Afterpay
Another application to buy at once and pay later is Afterpay, these have no effect if you fall behind in your credit history, and you can pay from 1 month onwards.
This application has the particularity that you must transfer 25% of the amount to receive the loan as an initial or welcome fee. Here the amounts borrowed vary according to the lender you choose, and late fees can go from 25% onwards of the installment.
Your acceptance into this network is not instantaneous for the initial applicant, as each is a process that can take time.
PayPal
Being the best-known and with more years operating in the market, Paypal not only remains in force for its banking users, but it is also a loan and payment option with customer purchase protection.
The amounts here range from $30 to $1,500 borrowed, and the criteria to be evaluated are account usage, years in business, and history with other banking agencies. Here the credit score or credit history is not affected by arrears, but it can generate problems in your application and restrictions.
Zebit
Zebit has a wide variety of items you can purchase without worrying about application fees, membership fees, and late fees. Here lenders have an eligibility basis, which tells you which is the most convenient and qualifying service to purchase.
Loans here can range from $1,000 to $25,000; the down payment cost is 25% of what is purchased; instant income is not guaranteed here, as lending rates are high and a positive financial history as a user is required.
Websites adapted to grant loans or purchase conditions
There are several pages with catalogs to buy online; these allow you to purchase at the time and pay later; several of them fulfill this function and perform differently compared to applications. At this point, we mention the QVC brand, one of the best-known and easy-to-use for the simplicity it presents.
https://www.youtube.com/watch?v=LbNp05_YJNk&pp=ygUmdGhpbmdzIHRvIGtub3cgYWJvdXQgYnV5IG5vdyBwYXkgbGF0ZXI%3D
To make your purchases, you only need to visit the website and complete the registration process. You can then purchase any item you need, as long as you can make future payments on time. This can be managed with a debit or credit card. And with it, buying household products becomes simple and easy. Here, no established credit history is necessary.
Similarly, if you are interested in electronic items such as video game consoles or sound equipment, FlexShopper is the solution to pay later for this equipment, as long as you do not fall behind.
On this platform you can be accepted quickly and acquire a new iPhone with the staff that helps you in every way, to rent the product with the option to buy, this means paying little by little and comfortably.
References
-
Palmer, Cara. “15 Buy Now, Pay Later Catalogs & Sites(Some Have Instant Approval) | Wealth of Geeks.” Wealth of Geeks, https://wealthofgeeks.com/buy-now-pay-later-no-credit-check/.