BNPL

Buy Now, Pay Later

BNPL is a payment option that splits a purchase into installment payments over time. Customers typically receive the product immediately and pay in a series of scheduled installments, functioning like short-term credit.

BNPL is often offered at checkout and may be interest-free if paid on time. Late fees or interest can apply depending on the provider and plan.

Related Terms

Credit

In banking, a credit is a transaction that increases the balance in your account. On your bank state...

APR

Annual Percentage Rate

APR is the annual rate charged for borrowing or earned through investment, expressed as a percentage...

Payment Processor

A payment processor manages the technical processing of card and electronic payments between merchan...

Fintech

Financial Technology

Fintech refers to technology-driven innovation in financial services. It encompasses mobile banking,...

Need to convert bank statements to spreadsheet format? Try our bank pdf to excel converter to easily export your transaction data to Excel or CSV.

Glossary home

Convert 10 pages free per week.
Try your weirdest statement.

Convert a bank statement PDF free