August 18, 2022

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Highest Time To Purchase Snapdragon 888 SoC Powered Smartphones? – Gizbot

Buy Now, Pay Later (BNPL) is growing increasingly popular among UK shoppers, but many are...

Buy Now, Pay Later (BNPL) is growing increasingly popular among UK shoppers, but many are oblivious to the dangers of the new payment practice, a report from Barclays suggests.

The bank recently polled 2,000 UK adults who have used BNPL and found that two in five (39%) don’t really know how the payment method works. In fact, some (19%) didn’t know that some BNPL providers charge late fees for missed payments, while others (20%) weren’t aware that missing instalment payments hurts their credit score.