Why do people use pay later?
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.
Can I transfer money from PayLater?
PayLater cannot be used for making Credit Card payments, or to transfer funds to other bank accounts or do any person to person funds transfer.
What are the pros and cons of PayLater?
Like any payment method, buy now, pay later comes with some pros, like splitting payments, 0% financing and no credit check—and some cons, like fees, overdraft potential, possible financial overextension and missing out on rewards opportunities.