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Join a special list from the thousands of users that trust Meedsy to find, compare, and understand every contract of the top buy now pay later services.
Join a special list from the thousands of users that trust Meedsy to find, compare, and understand every contract of the top buy now pay later services.
Top Buy Now Pay Later Services and Features
PayPal
Max: $20,000
Pay in 4: Yes
Long-term: Up to 12mth
APR: 0 – 29.24%
Good for: Personal, Business
You have two options when it comes to using PayPal to finance your purchases; there is Pay in 4, interest-free financing that can grant you up to a maximum of $1,500 to be repaid bi-weekly over six weeks.
The second is PayPal Credit, a line of credit that can used for long-term buy now pay later purchases. While it is interest-free for up to six months, there is an APR of up to 29.24% after the zero-interest period.
While both options have no interest charges up to a certain period, note that there is a late fee penalty between $30 and $41 when using PayPal Credit.
Klarna
Max: $10,000
Pay in 4: Yes
Long-term: Up to 24mth
APR: 0 – 33.99%
Good for: Personal, Business
Klarna is one of the top buy now pay later services with a huge merchant network.
There are multiple options when using this platform with its interest-free pay in 4 installments being the most utilized by its users.
Another option provided by the platform is the Pay in 30 days and with this, you will enjoy its buy now pay later with no down payment until 30 days after your purchase.
You can also enjoy long-term financing using this with the monthly plan enabling users to spread payments up to 24 months.
Note that there is a late fee as well when using Klarna and it can be up to $7.
Citizens Pay
Max: $10,000
Pay in 4: No
Long-term: Up to 36mth
APR: 0 – 29.99%
Good for: Personal, Business
Citizens Pay is another top buy now pay later service used by well-known retailers.
Powered by Citizens Bank, it operates as a line of credit that can be used at checkout for buying products on payment plans.
At some of its retailers, you may see name variations as the platform allows merchants to customize it to match their brands.
Citizens Pay has a late payment fee ranging from $8 to $38.
Credit Key
Max: $50,000
Pay in 4: No
Long-term: Up to 12mth
APR: 0 – 36%
Good for: Business
Credit Key provides buy now pay later services to businesses with licenses.
It operates on a monthly interest model, charging 3% but you may end up paying up to an APR of 36% if you continue until at least 12 months.
When submitting your application, your Employer Identification Number is required which will be used to validate the existence of your business.
Bread Pay
Max: $35,000
Pay in 4: Yes
Long-term: Up to 48mth
APR: 0 – 29.99%
Good for: Personal, Business
Bread Pay is one of the services that offers two options with SplitPay being its popular method used by customers to spread their shopping costs into four payments for up to six weeks without paying any interest.
However, the long-term option offers more credit unlike the maximum $1,500 available with SplitPay but with up to $10,000 to access, note that it has an APR of up to 29.99%.
With Bread Pay, there is a late payment fee of $10.
Sezzle
Max: $15,000
Pay in 4: Yes
Long-term: Up to 48mth
APR: 0 – 34.99%
Good for: Personal, Business
Sezzle allows you to enjoy spread payments at several retailers online and through its Anywhere Card, you can utilize it offline.
It primarily provides a pay-in-4 plan with a maximum of $1,500 available to access for up to six weeks in installments.
Through its partnership with Bread Financial, you can access the platform’s monthly financing at some retailers which has an APR of up to 34.99%.
It has amazing perks, especially for those with its premium and Anywhere plans that allow users to earn cashback, repair bad credit scores, save on purchases, and more.
Affirm
Max: $20,000
Pay in 4: Yes
Long-term: Up to 36mth
APR: 0 – 36%
Good for: Personal, Business
Anyone who likes checkout financing most likely knows Affirm with this platform being one of the top you will see when shopping at well-known retailers.
It is one of the direct-to-use buy now pay later on Amazon and other popular merchants like Walmart and Wayfair accept it for payment plans.
Affirm also has a pay-in-4 option and alternative monthly financing for long-term plans.
It has no late payment fee but you may want to avoid that as it reports activities to the major credit bureaus.
Zip
Max: $1,000
Pay in 4: Yes
Long-term: No
APR: 0
Good for: Personal
Zip provides financing for short-term plans of up to six weeks with a maximum of $1,000 in purchasing power that can be granted.
It is a top buy now pay later for bill settlement, thanks to its inventory of providers spanning insurance, payTV, telco, and other biller categories.
When using Zip to split your purchase costs, you can avoid a fee of $7 by not delaying payments but if you find yourself in a situation where you will need to defer payments, this will cost you a fee of $2.
Uplift
Max: $15,000
Pay in 4: No
Long-term: Up to 18mth
APR: 0 – 36%
Good for: Travel
Uplift is a very popular option you will find across several travel sites and agencies.
You can use it to book hotels and pay later, so also is for flights, car rentals, and vacation packages.
This option does not charge a late payment fee but since it operates as a checkout loan, activities are reported to the credit bureaus, and delaying payments can affect your credit score.
Afterpay
Max: $1,500
Pay in 4: Yes
Long-term: No
APR: 0
Good for: Personal
Despite focusing on short-term financing, Afterpay has grown in popularity due to its wide network of merchants.
It provides different methods to enable you to utilize your purchasing power, including maintaining an inventory of buy now pay later gift cards for shopping at your favorite retailers online and at physical retail locations.
There is a late payment fee of up to $8 when utilizing Afterpay for installment plans.
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