💳 What Is "Buy Now, Pay Later" (BNPL)? Pros, Cons, & How to Use It Wisely in 2025
Published: June 2025 By: [ CEO-MEKUS ] --- In 2025, Buy Now, Pay Later (BNPL) has exploded in popularity across the U.S. and Canada. Services like Affirm, Klarna, PayPal’s “Pay in 4”, and Apple Pay Later offer short-term financing for everyday purchases. But is BNPL a smart money move—or a debt trap? Here's what you need to know to make informed decisions. --- 📈 What is BNPL? BNPL allows you to spread the cost of a purchase into interest-free installments—usually four—over weeks or months. It's available at checkout online or in-store, without a credit card. No interest if paid on time Approval often requires only a soft credit check Easy integration with major retailers and banks --- 👍 The Benefits of BNPL 1. Convenient & accessible No need for lengthy loan applications Instant approval for most average purchases 2. Budget-friendly Breaks a large purchase into smaller chunks Ideal for budgeting small payments over time 3. **No interest (when on...