Black Friday is heading our way sooner than we expected, and if you still want to snag a deal on the 26th of November without the means - why not buy now, and pay later?
The concept of ‘buy now, pay later’ isn’t uncommon - we use it everyday with credit cards, but these might not do the trick if we want to buy something like a big appliance this year. In the long run, we might be saving a few hundred dollars if we buy now at the reduced price. Since Black Friday has been getting bigger and better every single year, stores have introduced their own ‘buy now, pay later’ options to help people out when snagging a deal.
As always, when an offer looks too good to be true, you might want to check the fine print - as is with buy now, pay later options. However, many stores that have introduced this are more than legitimate, and we’ve outlined a few options for you below if you’re looking to grab a deal without the savings.
Klarna
Launched in 2005 and gaining increasing popularity lately, it’s known for its ‘show now, pay later’ motto. A lot of stores this year are accepting Klarna, and we recommend checking it out as one of the top options.
Laybuy
The New Zealand-based firm has grown rapidly across the UK and Australia. Purchases are usually spread across six weekly instalments, and this can also apply to items bought in store at partner retailers. Laybuy runs hard credit checks on customers and says it rejects a quarter of all the people who apply.
Clearpay
This Australian company entered the UK two years ago. Known as Afterpay in some countries, it allows customers to pay in four instalments two weeks apart. Clearpay currently only operates online but is hoping to launch in bricks-and-mortar stores by early 2022.
Paypal
The American payments giant allows UK shoppers to split their payments into three monthly instalments at the checkout. It announced in August that it was scrapping late fees for missed payments on all BNPL products globally, which suggests that shoppers had been put off by providers who charged.
