Buy Now Pay Later

Buy Now Pay Later (BNPL) is a type of credit agreement offered by a range of businesses when shopping online and in-store. BNPL credit allows you to buy goods or services and to spread the cost over a number of months or years.

The business (the shop you are buying from) and the BNPL provider are usually different companies, so while you may buy the goods from the business, you are also entering into a separate contract to pay for the goods with the BNPL credit provider. BNPL can often appear as the default payment option when buying online, so be careful not to select this option if you intended to pay by another method, for example with a debit or credit card.

Traditionally, BNPL credit was mainly used to buy goods such as kitchen appliances, furniture, televisions etc. and is better known as ‘in-store credit’. Now many businesses have started to offer consumers the option to pay for smaller goods such as clothing and footwear using BNPL credit.


Last updated on 9 December 2022