You may have noticed an increase in the number of different payment methods available if you shop online. Consumers are seeking new methods to save money on the goods they need and want as a result of events in the past year, such as the pandemic. In this economy, people are rethinking how they manage their finances. The buy now, pay later applications are a relatively new financial concept that has been launched.
Buy now, pay later apps make it easy to get what you need now and pay for it later, whether you’re making small, medium, or large purchases. Thus, in this guide, we will take a look at the best buy now, pay later apps of 2021.
Top 5 Best Buy Now, Pay Later Apps of 2021
1. Affirm
Because it has no fees of any type, including a late fee, Affirm is regarded as the best overall buy now, pay later app. Affirm charges simple interest on transactions that do charge interest, which means your interest costs will not compound and grow higher. It also allows you to create your payment schedule, and purchases of up to $17,500 can be made.
2. Sezzle
Sezzle is a buy now, pay later app with the most flexible payment options. It distinguishes itself by allowing clients to reschedule payments and get up to two weeks of extra time. Meanwhile, each order’s first rescheduling is free. It can also reschedule future payments for free at the same time, and it does not charge interest on purchases.
3. Afterpay
For students, Afterpay is considered the best buy now, pay later app for it. This is because it employs intelligent credit limitations to ensure that clients can afford to pay for their goods. Users of its credit card can also divide any eligible charge over $100 into four no-interest installments, which is beneficial for students on a limited budget. There are also no fees if you pay on time.
4. Klarna
In terms of major purchases, Klarna is considered the best buy now, pay later app for it. This is because it provides financing for up to 36 months and that its virtual card numbers can be used at any online or in-person merchant. It can be used anywhere that accepts credit cards. In addition, when payments are completed on time, there are no interest or fees.
5. Splitit
Splitit is one of the best apps for buying things now and paying later. Splitit is comparable to many of the other apps on this list, but it has one feature that sets it apart from the others. Splitit has no late fees and no credit check, in addition to no interest payments. Payments can be made in three, six, twelve, or up to twenty-four installments. However, some retailers tend to limit the number of payments you can make on this app.
These are currently the best buy now, pay later apps of 2021. Keep in mind that they were all selected based on user reviews and ratings. You can be assured that they are all unique in how they work.
