![]() When it comes to Buy Now, Pay Later services, consumers have a variety of options to choose from including PayPal Credit, Afterpay, Affirm and Klarna. What Are the Most Popular Buy Now, Pay Later Services? In fact, 51% of consumers say they used Buy Now, Pay Later services during the pandemic.Ĭlothing and electronics lead the way as the most common types of purchases at over 40% each, followed by furniture (32%), appliances (29%), housewares (23%), and cosmetics (22%). ![]() In fact, roughly two-thirds (67%) say “more than half” of their shopping was done online during the last year.Īlong with consumers spending more time shopping online during the pandemic, many have also been using Buy Now, Pay Later to make these online purchases. Overall, 71% of consumers surveyed say that during the pandemic, they have been making more online purchases. Online Shopping During COVID-19 With Buy Now, Pay Later ![]() We recently surveyed consumers across the country to get insight into their experiences and types of purchases they’ve made through these types of services. With consumers spending more time shopping online at home during the COVID-19 pandemic, we were interested in seeing how many have used Buy Now, Pay Later services. Of those, nearly half (46%) are currently making a payment or payments through one of those services. According to respondents, 60% say they have used a Buy Now, Pay Later service. These services such as Affirm, Afterpay, Klarna and PayPal Credit allow consumers to make interest-free installment payments on a purchase over the course of several weeks. When it comes to financing options, consumers now have alternatives to credit cards in the form of “Buy Now, Pay Later” services. Buy Now, Pay Later Statistics and User Habits
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