How Buy Now Pay Later (BNPL) Is Bringing E-Commerce into the AI Eraby@ilyshka
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1,190 reads

How Buy Now Pay Later (BNPL) Is Bringing E-Commerce into the AI Era

by Elay Romanov1mNovember 12th, 2021
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Buy Now Pay Later (BNPL) is a reimagining of short-term financing for the e-commerce era. The application process does not affect the customer's credit score. BNPL offers more flexibility than do other payments plans, typically allowing customers to customize the number of installments and payment schedule. Revenue in this model is instead from referrals and from penalty fees that collected on late payments. The model has only really become viable over the last year or so because of technological innovation.

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Elay Romanov

Elay Romanov

@ilyshka

Entrepreneur. Machine learning enthusiast

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Elay Romanov@ilyshka
Entrepreneur. Machine learning enthusiast

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