Buy Now, Pay Later, is a buying and selling method that is growing in Brazil. In fact, it has gained a lot of supporters.
Estimated reading time: 3 Minutes
The number of people with negative names is a serious and real problem in Brazil. With each passing day, the number of those who are having problems in dealing with their financial obligations increases more, due to all the instability that the country is facing. In fact, what we have witnessed in recent years has only complicated the situation. This is why “Buy Now, Pay Later” appears. Below, understand how the method works.
Buy now, pay later: How does it work?
In short, theBuy Now, Pay Later is a buying and selling method that is growing in Brazil. In fact, it has gained many fans and the method has been successful in the digital environment.
From the installment plan, which is one of the most traditional forms of shopping, the North American BNPL method, Buy now, pay later, acquire land. It is estimated that this will help many store owners.
Thus, one of the great advantages of the new method is the fact that it has nothing to do with a banking institution. With this said, it is different from cards and from some other credits.
To be more clear about this installment plan, there is still no universal way to do it. Therefore, each trade creates its own rules. However, basically, the buyer pays part of the value of the product in cash, and pays the rest of the debt later.
Because of the similarity between buy now and pay later with traditional installment plans, the connection is made. However, it should be noted that unlike the way installment plans and cards work, payment is not made through specific institutions. Therefore, it is the customer and the merchant who together choose the best payment date.
What made this method work?
In short, one of the main reasons forBuy now, pay later If it works out, the customer won’t have to deal with any kind of interest. And you won’t even be prevented from buying by a financial agency.
In addition, the merchant’s safe selling methods are controlled without having to go through a lot of bureaucracy. Some companies even use the method to establish a bond of trust with customers.
Therefore, the more a customer buys in this way, and the payments are generous, the more they know the relationship with those customers is working well. However, it is clear that it will take some time for this to take root in Brazil for good.
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