BNPL allows consumers to buy items online or in store, and split up the cost 

There are many BNPL providers out there including Affirm, Afterpay, Zip, PayPal’s ‘Pay in 4’, Klarna, and Sezzle 

New options are being introduced all the time with Apple jumping into the BPNL game in early June and PayPal announcing in mid-June 

It is adding options for longer-term installment loans for higher-cost purchases not currently covered by its Pay-in-4 product 

Affirm offers a variety of loan products for purchases as low as $50 to as high as $17,500, online or in-store 

Afterpay is owned by Square (now Block, Inc.) so customers can pay with the Afterpay app at any retailer who uses Square at point-of-sale 

Zip, formerly known as Quadpay, only offers one loan option: a zero-interest loan paid in four installments over 6 weeks 

Any online merchant that takes PayPal can also offer the company’s Pay in 4 option. This service is not available in Missouri, Nevada, New Mexico