What you need to know about Buy Now, Pay Later—the payment trend taking retail by storm Buy now, pay later, generally abbreviated to BNPL, is a burgeoning trend in retail payment. Billed as an alternative to cash or credit cards, this form of financing aims to give customers flexibility by letting them pay for purchases over time, without the high interest rates many credit cards charge. The pitch is proving popular with inflation-strapped consumers. Adobe Analytics reported that from Thanksgiving through the following Cyber Monday, BNPL purchases jumped by a whopping 85% compared with the week prior. If you’re considering offering BNPL as a payment option, here’s what you need to know. What is it, anyway? Today’s pay-later programs are most often compared to the layaway plans commo