What is an example of a pay later?
What is an example of a pay later? For example, if your total purchase is $300, you'll pay $75 at checkout, then have three remaining payments of $75, each due two weeks apart. As long as you make all payments on time, you'll pay off your purchase in six weeks.
Why do people use pay later?
The main benefit of choosing this option instead of other financing options, like credit cards and traditional loans, is that you get to pay off your balance interest-free.