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Buy Now, Pay Later

Buy Now, Pay Later

The “buy now, pay later” service is becoming day-to-day more popular among companies. This idea appeared many years ago, but it has reactivated when the pandemic appeared because users were only purchasing first instance products such as food, hygiene items, and medicines.

With worldwide economy going down, this idea seems to be a key factor to begin reactivating economic sector. At this point we realize that COVID-19 is in general a big problem to society, but it had hit even worse the economy, and therefore, the business sector. In addition, many people were cut out of their jobs and exactly by the same reason they are trying to save money.

Microsoft has recently announced its partnership with Citizens Bank and Klarna. This partnership was created to offer their customers the “buy now, pay later” option. This seems to be a trick to increase their sales, because the new Xbox Series X will be launched on November 10 and 2 days later, Sony will launch the PlayStation 5.

This service works like a credit card, but you will not be paying interests. The user will only be responsible for paying a percentage of transaction price. The point of this purchase method is to attract users or people that are in need because they are jobless. If you are looking to a game console, phone or computer you might start looking for companies who share this service.

Melannie Cruz

Reduce, Reuse, Recycle

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