Discover the top 10 “Buy Now, Pay Later” services in the U.S. that empower consumers with flexible payment options, enhancing your shopping experience!# Top 10 “Buy Now, Pay Later” Services in the U.S.
As the popularity of “Buy Now, Pay Later” (BNPL) services continues to grow in the United States, Team top10theworld.com has compiled a list of the top 10 BNPL providers available today. These services allow consumers to make purchases and pay for them over time, providing flexibility and convenience. Here’s what you need to know about each service:
1. **Affirm**
– **Location**: San Francisco, California
– **Website**: www.affirm.com
– **Year Established**: 2012
– **Origin**: United States
– Affirm is a leading BNPL service that allows consumers to finance purchases at various retailers. It offers transparent payment plans with no hidden fees. In 2021, Affirm reported processing over $10 billion in loans.
2. **Klarna**
– **Location**: Columbus, Ohio
– **Website**: www.klarna.com
– **Year Established**: 2005
– **Origin**: Sweden
– Klarna is one of the largest BNPL services globally and entered the U.S. market in 2019. It offers users flexible payment options, including split payments and interest-free installments. Klarna was valued at $45.6 billion in 2021.
3. **Afterpay**
– **Location**: San Francisco, California
– **Website**: www.afterpay.com
– **Year Established**: 2014
– **Origin**: Australia
– Afterpay allows consumers to pay for purchases in four equal installments. Afterpay experienced significant growth in 2020, with reports indicating over 10 million U.S. users.
4. **PayPal Credit**
– **Location**: San Jose, California
– **Website**: www.paypal.com/credit
– **Year Established**: 2016
– **Origin**: United States
– PayPal Credit offers consumers a revolving line of credit with special financing options for eligible purchases. By 2020, PayPal had reported 377 million active accounts.
5. **Sezzle**
– **Location**: Minneapolis, Minnesota
– **Website**: www.sezzle.com
– **Year Established**: 2016
– **Origin**: United States
– Sezzle enables shoppers to pay for purchases in four interest-free installments. As of late 2021, Sezzle partnered with over 37,000 merchants and helped over 1 million U.S. consumers.
6. **Splitit**
– **Location**: New York, New York
– **Website**: www.splitit.com
– **Year Established**: 2015
– **Origin**: Israel
– Splitit allows consumers to use their existing credit cards to split payments into installments without incurring additional interest. The service had processed more than $1 billion in transactions by 2021.
7. **Laybuy**
– **Location**: San Francisco, California
– **Website**: www.laybuy.com
– **Year Established**: 2017
– **Origin**: New Zealand
– Laybuy allows consumers to shop now and pay across six weekly installments. It has gained traction in the U.S. market, boasting a network of thousands of retailers.
8. **Zebit**
– **Location**: San Diego, California
– **Website**: www.zebit.com
– **Year Established**: 2015
– **Origin**: United States
– Zebit primarily serves consumers with limited credit history. They offer no-interest payments over time and have reported help for over 300,000 customers in building their credit scores.
9. **Rain**
– **Location**: Austin, Texas
– **Website**: www.rainpay.com
– **Year Established**: 2020
– **Origin**: United States
– Rain is a relatively new player in the BNPL market and focuses on offering flexible payment plans to customers with a simple application process. It aims to provide a seamless checkout experience.
10. **Perpay**
– **Location**: Philadelphia, Pennsylvania
– **Website**: www.perpay.com
– **Year Established**: 2014
– **Origin**: United States
– Perpay allows consumers to shop online and pay in simple installments deducted from their paycheck. It has been praised for financial inclusivity and has served thousands of customers looking for alternative payment options.
In conclusion, as the BNPL landscape continues to evolve, these services provideThanks For Reading!