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The hottest product this US holiday shopping season? Buy now pay later
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theguardian.comSupply chain issues. Labor shortages. Rising prices. Mask mandates. These are some of the biggest challenges facing small merchants this holiday season and I can tell you on behalf of many of my clients that it’s not making for a very merry Christmas. But there’s thing that is saving the season for thousands of business owners and no, it’s not Rudolph.
It’s a financing program called buy now pay later, or BNPL. And its use has exploded recently, particularly among small businesses.
“It’s one of the stars, actually, of the holiday season for us,” Dan Schulman, the CEO of the payments service PayPal told CNBC. “During Black Friday, our volume on buy now, pay later was up almost 400% year over year. We did some 750,000 transactions alone in one
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