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With more merchants adopting BNPL (Buy Now Pay Later) services, it can be overwhelming for consumers to know which BNPL services are trustworthy, while having minimal impact on their credit score.
Identifying these sites can help consumers enjoy a higher overall quality of life while keeping costs at a more affordable rate.
Below, we discuss exactly what BNPL is and list some of the most popular BNPL companies like Sezzle are on the internet that you can consider using the next time you shop online.
In This Post:
- What is BNPL?
- 5 Best Buy Now Pay Later Apps We Love
- Four Reasons to Love Buy Now Pay Later
- How does Sezzle work?
- 6 Popular Companies like Sezzle for Buy Now, Pay Later
- Online Stores That Accept Sezzle To Buy Now, Pay Later
- Why Sezzle is Where's It At For Buy Now Pay Later
- Why We're Loving Klarna Right Now: Comparing Klarna vs Afterpay
- Online Stores That Accept Klarna To Buy Now, Pay Later
- 4 Reasons AfterPay Is A Game-Changer
- Popular Online Stores That Accept Afterpay in the U.S., Australia & NZ
- UK Online Shops That Accept Clearpay To Buy Now, Pay Later
- Everything You Need To Know About Affirm
- Online Stores That Accept Affirm To Buy Now, Pay Later
- 5 Reasons You'll Love Zip (Formerly QuadPay)
- Online Stores That Accept Zip (formerly QuadPay) To Buy Now, Pay Later
- PayPal Buy Now Pay Later – How Does it Work?
- Splitit – Buy Now Pay Later, How Does it Work?
- Buy Now Pay Later Apps
What is BNPL?
BNPL short for Buy Now Pay Later, is a payment method that allows consumers to spread the cost of a single payment over several weeks, months, or a year(s). BNPL is helpful for consumers and merchants.
This type of structure allows the customer to spend more without paying the total upfront cost. Consumers can also spend more at a time and enjoy higher-end purchases more immediately by splitting up the cost through the BNPL payment structure. The merchant also benefits, making more money in the long run.
However, when using BNPL, consumers should be aware that you are taking out a line of credit that you must pay back. It is similar to using a physical credit card. This means that any delays in repayments could mean that you would face penalties — including additional fees. However, depending on your site, you may be eligible for delayed or more flexible payment plans that suit your unique financial needs.
How does Sezzle work?
Sezzle is a leading BNPL service method with a 4.8 out of 5-star rating on Trustpilot based on 6000+ reviews. The service offers consumers an alternative payment platform to make interest-free payments at selected online stores. Once users sign up, they can split the cost of their order into four interest-free payments over six weeks.
Sezzle also offers free payment reschedules that have no impact on your credit score. The service is partnered with exciting retailers, including Altitude Sports, Melt Cosmetics, and Umbro Premier.
6 Popular Companies like Sezzle for Buy Now, Pay Later
Unfortunately, though Sezzle has a substantial online presence, they're not available in all stores.
However, there are plenty of reputable sites like Sezzle that you can use the next time you click checkout. Below, we’ve listed top alternative sites that you can use for Buy Now, Pay Later payment benefits:
1. Klarna
Based in Stockholm, Sweden, Klarna works with some of the biggest fashion brands worldwide, including Shein, Nike, and Asos. Klarna has various payment options that you can select at checkout depending on how much you spend and the store you're buying from.
Once you sign-up, you’ll be able to pay installments 2, 3, 30, and 60 days later. They are considered low-risk compared to competitors, as they work with over 400,000+ merchants and 2,000,000 transactions per day.
2. Afterpay/ Clearpay (UK)
Afterpay, also under the name Clearpay in the UK , Clearpay is another popular payment method for merchants and customers used by high-end beauty brands like Huda Beauty and Too Faced.
Once users sign-up, they can pay for their purchase in 6 weekly installments. Afterpay is known for its stellar customer service and flexible payment structures.
3. Affirm
Affirm is a BNPL service that allows you to pay monthly installments or four interest-free payments every two weeks. They also don’t have any late fees, making it a flexible service for consumers.
The platform works with a range of retailers, including Gucci and Amazon. An additional unique benefit is their Affirm Card, allowing you to use the BNPL benefits with other merchants that are not yet Affirm partners.
4. Zip (formerly Quadpay)
Zip is an Australian BNPL service that allows users to make four interest-free payments in selected stores. Zip requires a soft credit check and is known for approving applications quickly.
The type of credit check they do will have little to no impact on your credit, as with a more formalized check. You can use Zip at various retail locations, such as Amazon, Gymshark, and Foot Locker.
5. PayPal Buy Now Pay Later (Pay in 4)
PayPal Credit is a favorite for business owners who use PayPal as their primary source of business transactions. However, PayPal Credit isn’t just for business owners. Consumers can use PayPal Credit on purchases for $99 or more, receiving up to 6 months' worth of credit. Popular retailers that use PayPal Credit include Apple, Samsung, and Bed Bath and Beyond.
6. Splitit
Splitit works with many in-demand retailers, including Look Fantastic, My Protein, and Illamasqua.
They also don’t have late fees or credit checks. Splitit allows the merchant to choose the number of installments customers can make, from 2 two monthly installments to 12-month installments. The more extended installment plans make Splitit a top choice for those looking for more flexible BNPL payment options.
Becky is a seasoned personal and business financial expert with deep experience supporting small businesses. Now the Co-Owner and CEO of Shopping Kim a company she acquired in 2020, she is passionate about educating people on how to use Buy Now Pay Later for responsible spending to achieve their lifestyle dreams.