It could be for a snuggly new coat or a replacement for your dingy dining room table that you just can’t wait until payday for. Or, maybe you want to try several sizes of the same item on before you part with your pennies.
These are just some of the benefits of shopping with BNPL services.
BNPL services differ from traditional forms of credit (such as credit cards) and don’t normally involve interest payments (some options, like Klarna’s finance, do charge interest). Depending on the service, the provider will run a hard or soft credit check – be aware that a series of hard checks in a short space of time can affect your score – and some services charge late payment fees. It’s also important to be aware that BNPL doesn’t offer the same level of protection on your spending that credit cards provide.
Make sure you understand the small print before signing up. To help, we give the lowdown on the main services here.
Currently the most popular BNPL service, Klarna offers shoppers three ways to buy now, pay later:
ASOS
Shop with Klarna at ASOS to buy now and pay later
Try before you buy when you choose the 'Pay later' option with Klarna at the ASOS checkout! T&Cs apply.
Lovehoney
Shop now, pay later with Klarna
Klarna payment is now available at Lovehoney. Buy now and pay in 3 today! T&Cs apply.
Sister to the popular Aussie brand Afterpay, Clearpay has been making waves on the UK payment scene.
Aimed at millennial spenders who prefer debit to credit, Clearpay is designed to offer flexible payments without the risk of getting into debt. The company assigns spending limits based upon a customer’s previous usage of the service and charges no interest.
Popular retailers: boohoo, Nasty Gal, PrettyLittleThing
LOOKFANTASTIC
Buy now pay later with Clearpay at LOOKFANTASTIC
LOOKFANTASTIC is now live with Clearpay! Shop now and split your total to pay later. T&Cs apply.
boohoo
Clearpay: Buy now, pay later at boohoo
Choose Clearpay as your payment method at the checkout of boohoo and split your shopping total into 4 payments. T&Cs apply.
boohooMAN
Buy now and pay later with Clearpay at boohooMAN
Can't pay in full right away? Take advantage of Cearpay and buy now, pay later at boohooMAN today. T&Cs apply.
PrettyLittleThing
Buy now, pay later at PLT with Clearpay
PLT is now live with Clearpay! Shop now and split your total to pay later. T&Cs apply.
Laybuy lets you take your goods there and then, paying for it in six easy instalments. The company offers payment plans with no sign-up fees and no interest, which means you only pay the original price of your order.
Popular retailers: AX Paris, Footasylum
LOOKFANTASTIC
Shop with Laybuy to buy now, pay later
Choose Laybuy as your payment method at the LOOKANTASTIC checkout and shop now, pay later! T&Cs apply.
Glossybox
Shop with Laybuy to buy now, pay later
Choose Laybuy as your payment method at the Glossybox checkout and shop now, pay later! T&Cs apply.
boohoo
Buy now, pay later with Laybuy at boohoo
Update your wardrobe now and pay for it later when you select Laybuy at the boohoo checkout! T&Cs apply.
Footasylum
Shop with Laybuy to buy now, pay later
Choose Laybuy as your payment method at the Footasylum checkout and shop now, pay later! T&Cs apply.
Payl8r lets shoppers pay on their own terms by offering the following payment plan options:
Popular retailers: Beauty Works
Shop award winning hair extensions at Beauty Works
Openpay will tell you if you’ve been approved to use its service (or not) in just 90 seconds. From here, if successful, you can choose your payment plan. The service takes automatic payments each month to avoid missed payments and charges no interest.
Popular retailers: WatchShop, The Watch Hut, Ideal World
LOOKFANTASTIC
Save 20% on your order at LOOKFANTASTIC!
Shop now and use this discount code at the checkout to get 20% off at LOOKFANTASTIC! T&Cs apply.
JD Sports
Clearance: get up to 50% off
Sale is officially here and JD Sports has prepared some amazing offers. Check them out now and save up to 50% on tons of items. T&Cs apply.
Zavvi
Get £5 off your first order
Sign up to Zavvi's newsletter and get £5 off your first order. Don't miss a chance to save! T&Cs apply.
Christophe Robin
Get 15% off your first order
Enjoy a sweet 15% off your first order from Christophe Robin with this discount code. Happy shopping. T&Cs apply.
DivideBuy allows users to spread the payment of their purchase into equal chunks over the course of a specified time period. The first payment is due at the time of purchase and the rest of the total will be charged every month until the payment is made. A payment term can be between two and 12 months.
Popular retailers: Simba
Simba Sleep
Buy now pay later with DivideBuy
Spread the cost of your mattress with Simba's partnership with DivideBuy. T&Cs apply.
Simba Sleep
Discover a great night's sleep with Simba mattress
Treat yourself to a great night's sleep with a new mattress from Simba! T&Cs apply.
Simba Sleep
Save up to 35% off Simba mattress topper
Top up the comfort of any mattress and save up to 35% off! T&Cs apply.
Simba Sleep
Free delivery on every order
Enjoy hassle-free shopping with free delivery from Simba Sleep! Choose your preferred delivery option at the checkout. T&Cs apply.
Zilch is a virtual card that allows you to buy now, pay later at thousands of retailers, allowing you to buy products when you want them and spread the cost of these items over four instalments in six weeks. This is how it works:
Popular retailers: Amazon, eBay, AliExpress
Finder conducted a survey in July 2020, asking 2,000 Brits why they chose to use BNPL platforms. Ease and convenience is the number one factor, with the ability to spread the cost of purchases over a longer time period coming in at second.
This will depend on the pay later scheme you choose to use:
At the moment, they’re not. But all of that is about to change. The Financial Conduct Authority (FCA) announced in early February 2021 that BNPL services would face stricter rules going forward, much like traditional forms of credit.
The measures set to be introduced could include forcing BNPL platforms to run affordability checks before lending to shoppers.
Sensor Tower, 2020
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Press enquiries
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