: Services like Klarna , Afterpay , and Affirm are embedded directly into checkouts, often requiring only a "soft" credit check.

: BNPL typically divides a purchase into four equal, interest-free installments.

: Providers primarily earn money by charging merchants a fee (often 1.5% to 7% ) rather than charging consumers interest. Psychological & Economic Drivers Buy Now, Pay Later encourages banks to transform - Deloitte