How do buy now pay later options help the business at all?

Question

I mean cmon, you’re literally delaying payment for a long time. How does that benefit any business?

In: 29

Answer 1

It allows the business to make sales to people they wouldn’t be able to if they required payment up front, resulting in increased sales. As long as a business has enough cash, or access to credit, to cover expenses (replace inventory, rent, salaries etc) over the length of repayment they will make more money in the end.