In today’s fast-paced world, the pursuit of convenience and flexibility when purchasing has become crucial.
In this context, “buy now, pay later” (BNPL) apps emerge as an innovative solution, rapidly gaining popularity.
In this article, we’ll showcase the leading buy now pay later apps, detailing their functionalities. Keep reading to discover more.
What is a “buy now pay later” app?
A buy now pay later app, also known as BNPL, is a type of credit service that allows consumers to split the cost of a purchase into several interest-free installments.
This can be a good option for people who want to finance a purchase but don’t want to pay high interest rates on a credit card.
BNPL apps are usually easy to use. Consumers simply download the app and create an account. They can then make purchases at online or physical stores that accept the app.
At the time of purchase, consumers select the app as the payment method and split the cost of the purchase into several installments.
Buy Now, Pay Later App Tips
Now, let’s take a look at the best buy now, pay later apps so you can use and enjoy their benefits:
Affirm
- Available for: Android, iOS
- Price: Free
Affirm offers the convenience of splitting your purchases into 3, 6, or 12 interest-free months at thousands of stores, both online and offline. With flexible payment options, you can choose weekly or bi-weekly payments.
Additionally, we perform a soft credit check that won’t impact your score. You’ll also have access to free credit reports from TransUnion.
For instant purchases, we offer the option of an Affirm credit card with an APR starting at 0%.
And there’s more! By using our services, you qualify for the “Affirm Rewards” program, earning cashback on your purchases. We also offer protection against damage, theft, and loss for your acquisitions.
Klarna
- Available for: Android, iOS
- Price: Free
With Klarna, you can split your purchases into 3, 6, 12, or 24 interest-free months, provided the value exceeds R$ 80, at a wide range of stores, both online and offline.
The app offers flexible payment options, including the convenience of monthly payments. Additionally, it conducts a soft credit check that won’t harm your credit score and provides access to free credit reports from Experian.
For instant purchases, it offers the option of a Klarna credit card with an APR starting at 0%.
And there’s more! With Klarna, you can enjoy benefits such as late payments without fines, only with the application of interest rates. It also provides protection against damage, theft, and loss for your purchases.
Afterpay
- Available for: Android, iOS
- Price: Free
With Afterpay, you can split your purchases into 4 equal interest-free payments, provided the value exceeds R$ 30, at a wide range of stores, both online and offline.
Payments are made automatically every two weeks, making it easy to manage your expenses.
Additionally, we perform a soft credit check that doesn’t affect your credit score. Enjoy exclusive benefits such as no fees for late or canceled payments, and purchase protection against fraud and damage.
As an Afterpay user, you’ll also have access to special offers and promotions.
Apple Pay Later
- Available for: iOS (integrated into the system).
- Price: Free
With Apple Pay Later, you can split your purchases made with Apple Pay into 6 equal interest-free payments, for purchases above a specific value that may vary.
Payments are made automatically every two weeks, providing convenience and ease. Integrated into the iPhone’s Wallet app, Apple Pay Later makes it easy to manage your payments, centralizing everything in one place.
Additionally, we perform a soft credit check, without impacting the score of most users. To use this service, you need compatible Apple devices and a debit or credit card linked to Apple Pay.
Zip
- Available for: Android, iOS
- Price: Free
Zip allows you to split purchases into 4 equal interest-free installments, provided the value exceeds R$ 35, at various online and offline stores.
In some situations, Zip offers flexible payment options, including extended installment plans with interest, to better meet users’ financial needs.
It performs a soft credit check without impacting the score. It’s also possible to link the Zip card to Google Pay or Apple Pay for easier payments.
Additionally, by using Zip’s services, users qualify for the “Zip Pay” rewards program, earning points on purchases. Zip also offers protection against damage and theft at partner stores, providing greater peace of mind.
PayPal
- Available for: Android, iOS
- Price: Free
With PayPal, the “Pay Later” feature allows you to split your purchases into 4 equal interest-free installments, for values above R$ 99, at selected online stores that accept PayPal.
Payments are processed automatically every two weeks, providing convenience and ease. Widely recognized as a secure online payment method, PayPal is accepted at a variety of establishments.
For purchases above a certain value, a soft credit check is performed, which may affect your score. To use this service, you need a PayPal account linked to a credit or debit card.
Sezzle
- Available for: Android, iOS
- Price: Free
With Sezzle, you can split your purchases into 4 equal interest-free installments, provided the value exceeds R$ 40, at various online and offline stores.
Payments are processed automatically every two weeks, providing simplicity and convenience.
Additionally, Sezzle offers the opportunity to build a positive credit history through Sezzle Up, an installment program with interest for larger purchases. It performs a soft credit check, ensuring no impact on users’ scores.
As an additional benefit, by participating in the “Sezzle Spend” rewards program, you can earn cashback on purchases made at partner stores.
With these options, you can make the most of buy now pay later apps and have better control over your money. Liked it? Find more tips on our website, like the best budgeting apps!
