What is the meaning of paid later?


What is the meaning of paid later? Paid in arrears, as opposed to in advance, means paying for a good or service after the date it is provided. In some cases, this is the specified payment arrangement, but in others, it's the result of an error or an inability to pay on time.


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.


Is PayLater a loan?

Paylater® is a simple, entirely online lending platform that provides short-term loans to help cover unexpected expenses or urgent cash needs.