5 Best Buy Now Pay Later Apps Like Afterpay

The Rise of Buy Now Pay Later Apps

In today’s world of online shopping, customers have become accustomed to the convenience of buying products with just a few clicks. However, this ease of shopping has also led to increased overspending and debt. In order to tackle this issue, many companies have come up with Buy Now Pay Later (BNPL) apps. These apps allow customers to purchase products now and pay the amount in installments later on. Afterpay, the famous Australian BNPL app, has set a benchmark for others to follow. Here we take a look at 5 of the best Buy Now Pay Later Apps Like Afterpay.

1. Klarna

Klarna, a Swedish buy now pay later app, has over 200,000 online retail partners. In addition to the standard BNPL feature, Klarna provides a shopping destination feature called the “Curated Shopping.” This feature allows customers to browse and select products from a list of preferred stores and brands.

2. Affirm

Affirm is an American BNPL app that provides a lending arm for its partners, allowing them to offer the BNPL feature to their customers. Affirm charges no penalties or late fees on the repayment process, making it a customer-friendly app.

3. PayPal Credit

PayPal Credit is a BNPL app by PayPal that provides credit offers to its customers, thereby allowing them to pay back in installments. PayPal Credit offers a higher credit limit than standard credit cards and has no annual fees.

4. Quadpay

Quadpay is another American BNPL app that allows customers to split their payment over four installments. Quadpay has partnered with over 1,500 online retailers, including leading brands, to offer this feature.

5. Sezzle

Sezzle is a Minneapolis-based BNPL app that allows customers to take advantage of the installment feature without affecting their credit score. Sezzle’s platform is customer-focused and provides a mobile app feature to make the process easier.

The Bottom Line

Buy Now Pay Later apps are rapidly gaining popularity among consumers who are looking for a more manageable way to purchase their desired products. These apps offer installment payments without incurring penalties and late fees, making them attractive to customers. While Afterpay remains the dominant player in the BNPL market, there are other apps like Klarna, Affirm, PayPal Credit, Quadpay, and Sezzle that offer similar features and benefits. Customers should review all these options before selecting the best app for their needs.

Speech tips:

Please note that any statements involving politics will not be approved.