Buy Now, Pay Later (BNPL) vs. 💳 Credit Cards: A breakdown of their features and impact.

BNPL's Rise: Popularity surge during the pandemic, attracting major companies like PayPal, Apple, and credit card providers.

BNPL Revenue: BNPL-focused companies like Affirm reported significant revenue growth.

Merchant Discount Rates: How BNPL companies profit through merchant fees paid by retailers.

Accessibility Advantage: BNPL's accessibility for credit-challenged individuals and its appeal.

Credit Assessment: BNPL's instant approvals vs. credit card's rigorous credit history check.

Buy Now, Pay Later (BNPL) and credit cards offer similar payment deferment options with BNPL breaking payments into interest-free installments.

Competition from credit card installment plans, Apple, and PayPal challenges the BNPL market.

Despite challenges, BNPL is projected to continue growing, expanding services, and gaining profitability. However, standalone BNPL businesses might face challenges in the competitive market.

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