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The Best 8 Buy Now, Pay Later Apps To Offer Your Customers

Adding one of these popular BNPL apps to your store may make it less scary for customers to make larger purchases, reduce cart abandonment, and generally increase your sales.

    Shannon Vissers
  • UPDATED

Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.

Buy now, pay later apps (BNPL) offer financing to customers if they can’t pay all at once.

With BNPL, consumers apply for short-term BNPL loans and pay them back in installments, while merchants get paid by the BNPL provider upfront, minus some merchant fees. Whether your business lives online or you provide in-person services, BNPL can help you achieve a sale even when the person isn’t able to pay in full.

But what are the best buy now, pay later apps? Below, we’ll take a look at the best BNPL services for different types of businesses and how to get started with BNPL.

Learn More About Our Top Picks

CompanyBest ForNext StepsBest For
Affirm

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  • Merchant fee: 5.99% + $0.30
  • Soft credit check
  • No late fees
  • Merchant fee: 5.99% + $0.30
  • Soft credit check
  • No late fees

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Klarna

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  • Merchant fee: 3.29-5.99% + $0.30
  • Soft or hard credit check
  • Late fees up to 25% of purchase amount
  • Merchant fee: 3.29-5.99% + $0.30
  • Soft or hard credit check
  • Late fees up to 25% of purchase amount

Visit Site

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PayPal Pay In 4

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  • Merchant fee: 3.49% plus a fixed fee
  • Soft credit check
  • No late fees
  • Merchant fee: 3.49% plus a fixed fee
  • Soft credit check
  • No late fees

Visit Site

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Afterpay

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  • Merchant fee: 4-6% + $0.30
  • No credit check
  • $8 fee for each late payment
  • Merchant fee: 4-6% + $0.30
  • No credit check
  • $8 fee for each late payment

Visit Site

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Sezzle

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  • Merchant fee: 6% + $0.30
  • Soft credit check
  • $10 fee for each late payment
  • Merchant fee: 6% + $0.30
  • Soft credit check
  • $10 fee for each late payment

Visit Site

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Sunbit

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  • Merchant fee: Not disclosed
  • Soft credit check
  • 0-35.99% APR
  • Merchant fee: Not disclosed
  • Soft credit check
  • 0-35.99% APR

Visit Site

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Wisetack

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  • Merchant fee: 3.9%
  • Soft credit check
  • 0%-29.99% APR
  • Merchant fee: 3.9%
  • Soft credit check
  • 0%-29.99% APR

Visit Site

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Splitit

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  • Merchant fee: 1.5% + $1.50 per installment
  • No credit check
  • No fees for consumer
  • Merchant fee: 1.5% + $1.50 per installment
  • No credit check
  • No fees for consumer

Visit Site

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Read more below to learn why we chose these options.

Best Buy Now, Pay Later Apps For Business

What is the best buy now, pay later app? It depends on your business type:

  • Affirm: Best overall
  • Klarna: Best for fashion & luxury
  • PayPal Pay In 4: Best for PayPal merchants
  • AfterPay: Best for Square merchants
  • Sezzle: Best for Gen Z eCommerce
  • Sunbit: Best for auto repair shops
  • Wisetack: Best for service industry
  • Splitit: Best for selling high-ticket items

1. Affirm: Best Overall

Affirm



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Pros

  • Can be used online & in-person
  • Consumers never charged late fees
  • Merchants can control minimum qualifying customer spend
  • Merchants can control loan terms

Cons

  • Available only for shoppers who live in the U.S.
  • Confusing payment process for merchants

Affirm Features

  • Loan offering amounts and repayment timelines set by merchants
  • Installment payments update in real-time as cart balance changes
  • Online, in-person, and telesales businesses can use this BNPL option
  • Customers are never charged late fees for missed payments
  • Customers can apply for up to $17,500 in a single transaction.

Affirm Rates & Fees

Merchants are charged a flat fee of 5.99% + $0.30 on each BNPL transaction.

Customers are not charged any late fees, interest, or other fees on Affirm’s standard 4-installment loans. On 6- or 12-month loans, the APR is 10–36%.

Eligibility Requirements

Customers must meet the following requirements:

  • 18+ US resident
  • Have SSN
  • Have a US phone number that receives SMS

To apply for a loan at checkout, first-time Affirm users enter some personal information, including debit or credit card information. Affirm also does a soft credit check, which does not affect their credit score. Existing Affirm users just need to log onto their accounts. The loan application and approval process take only seconds.

Repayment Terms

Installments are due either biweekly or monthly, depending on the repayment plan. If customers do the standard 4-installment plan, the total loan term is 6 weeks. Your customers will never be charged late fees, but late payments may impact their credit score. To avoid this, your customers can set up an automatic payment schedule.

Where Affirm Really Shines

Affirm is our choice for the best buy now, pay later app for any type of business, thanks to how versatile its loan repayment offerings are. Merchants have complete control over the minimum amount customers must spend to qualify for installment payments. You can also choose whether or not to offer 0% interest loan financing, how long customers have to repay their loans, and where to show Affirm payment messaging.

Also, Affirm now offers Adaptive Checkout, a unique checkout solution that updates a shopper’s Affirm loan repayment options in real time as they add items to their cart.

With this dynamic technology, customers see their total purchase amount broken down into personalized installment payments throughout the shopping experience. At checkout, your customers won’t feel shocked at their total, which will reduce cart abandonment rates.

For a more in-depth look at how Affirm works and whether it’s the right BNPL provider for your business, read our post on what Affirm offers and how to add it to your website.

Get Started With Affirm

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2. Klarna: Best For Fashion & Luxury

Klarna



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Pros

  • One of the most well recognized BNPL apps
  • “Try before you buy” option ideal for fashion retailers
  • Multiple checkout options for online & in-person sales

Cons

  • Some complaints about customer service
  • Some added fees for merchants
  • High late fees for customers

Klarna Features

  • Merchants have the choice to offer several types of repayment options
  • Express checkout buttons make the shopping experience fast and easy
  • Pay In 30 option lets customers “try before you buy
  • Klarna partners with merchants to amplify their brands
  • Maximum loan amount is $1,000 for Pay in 30 Days and 4 Installments or $10,000 for 3-36 month financing.

Klarna Rates & Fees

Klarna merchants are charged a flat fee of 3.29-5.99% + $0.30 on each BNPL transaction. The percentage varies depending on what payment option your customer chooses, and their location. The variable merchant fee for using each Klarna product is as follows:

  • Up To 5.99% Per Transaction: Pay in 30 Days, 4 Installments
  • Up To 3.29% Per Transaction: Customer Financing, Klarna Checkout, Klarna In-Store, Klarna Express Button Online
  • Up To 3.79% Per Transaction: Klarna Express Button In-Store

If you want the Express Checkout button, this costs an additional $30/month to have on your site.

As for customer fees, with the 4 Installments option, late fees are $7 per late payment, with compounding fees adding up to 25% of the purchase price. On longer-term consumer loans with monthly repayment, customers could be charged up to $35.00 per late payment, though the fee will not exceed your minimum amount due.

Eligibility Requirements

Customers must meet the following requirements:

  • 18+
  • Don’t have a lot of debt
  • Link your bank account

Klarna does a soft credit check on customers who choose to pay in four installments or 30 days. This will not affect their credit score. Customers who apply for long-term financing may undergo a hard credit check that shows up as an inquiry on their credit report.

Repayment Terms

Like many BNPL providers, customers have the option to pay in 4 interest-free installments charged every 2 weeks for a total term of 6 weeks, Klarna also has an interest-free 30-day financing option that gives customers up to 30 days to submit a single payment, as well as long-term financing (up to 36 months) with 0-29.99% interest. Customer financing installments are paid monthly.

Where Klarna Really Shines

Klarna is a great option for businesses selling “nonessential” or luxury items online, in-store, or both. That’s because Klarna’s unique Pay in 30 Days financing option allows customers to try their items out for free, keep what they love, and return what they don’t within 30 days of receiving their items. This low-pressure option makes customers more likely to complete their orders.

Klarna also offers express checkout buttons so that you can create a one-click checkout experience for your customers. The express checkout button carries an additional charge for merchants, but that fee may be worth it to reduce the amount of effort it takes customers to complete their purchases, and minimize the amount of time customers have to change their minds.

If you want a more thorough explanation of how Klarna works for businesses and customers, read our complete guide to Klarna for business.

Get Started With Klarna

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3. PayPal Pay In 4: Best For PayPal Merchants

PayPal Pay In 4



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Pros

  • Free to add to your current PayPal payment setup
  • Built-in brand recognition and trust
  • No interest or late fees for your customers
  • Lower merchant fees than some other BNPL options

Cons

  • No storefront buy now, pay later option
  • Limited to U.S. buyers and sellers (right now)
  • Not available in certain states

PayPal Pay-In-4 Features

  • Pre-made PayPal financing marketing present throughout the shopping experience
  • Straightforward fees & repayment structure
  • Easy for existing PayPal Business users to add to payment options
  • Maximum borrowing amount of $1,500 (PayPal Credit can be used for larger purchases)

PayPal Pay-In-4 Rates & Fees

Merchants pay 3.49% plus a fixed fee, depending on the currency the payment was received in.

Customers are never charged late fees or interest (though as with other BNPL apps, late payments may be reported to credit bureaus).

Eligibility Requirements

Customers must meet the following requirements:

  • Must be of legal age in your state of residence
  • Not available in certain states (check PayPal website to see if Pay In 4 is available in your state)

PayPal does a soft credit check on loan applicants and ensures that existing PayPal users are in good standing before approving them. Late payments can disqualify customers from PayPal Pay In 4 loans in the future.

Repayment Terms

Customers pay 25% of the purchase amount at checkout, and the remaining three installments are automatically charged to their PayPal account every 15 days, for a total repayment term of 6 weeks.

Where PayPal Pay In 4 Really Shines

While PayPal was a little late to the pay later game, Pay In 4 has the clean, straightforward functionality that other BNPL companies sometimes lack. Pay In 4 is free for sellers who implement PayPal as a payment option in their online stores. US-based sellers who already have a one-time PayPal payment integration simply add Pay Later messaging. You also add a PayPal “Pay Later” button as another payment option at checkout.

From there, customers with an existing PayPal account can apply for Pay In 4 financing on purchases between $30 and $1,500. People who don’t have PayPal can sign up and apply for financing. Customers are redirected to PayPal to apply and view loan terms. They are then approved or denied for a loan and redirected back to your site. This entire process takes only seconds. You can check out our full PayPal Pay In 4 review to see if it’s right for your business.

Get Started With PayPal Pay In 4

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4. Afterpay: Best For Square Merchants

Afterpay



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Pros

  • No customer credit check
  • Integrates directly with Square POS & Square Online
  • Easy to add to Shopify store
  • Quick, easy setup

Cons

  • Customers charged late fees
  • Some merchants may be denied
  • Variable fees are dependent on sales volume (smaller retailers pay more)

AfterPay Features

  • Easy to implement in-store or integrate with your eComm website
  • Customers can pay early, ahead of their installment schedule
  • Customers can reschedule payments (up to three per year), shifting them up to five days
  • Spending limits start at $600 and increase with responsible spending behavior (to a maximum of $1,500)
  • Customers with bad credit are eligible
  • Digital card makes it easy for customers to make repeat purchases

Afterpay Rates & Fees

Afterpay merchants are charged a flat fee of 4-6% + $0.30 on each BNPL transaction.

Users are charged late fees if they forget to pay or are unable to pay. The fee is $8 per missed payment, capped at 25% of the purchase amount. Users may also get charged nonsufficient funding fees from their bank if automatic Afterpay payments put them over their available account balance.

Eligibility Requirements

Afterpay requires the following from consumers applying for a loan:

  • 18+ US resident
  • Valid email, delivery address & phone number
  • Link a CC, debit card, or bank account

Afterpay does not require a soft or hard credit check during the application or approval process.

Repayment Terms

Afterpay’s term is 6 weeks, divided into four bi-weekly payments. Afterpay doesn’t have a longer-term repayment option like some other BNPL apps.

Where Afterpay Really Shines

Afterpay is one of the easiest BNPL apps for merchants to implement in their store or on their website, especially for Square merchants. Afterpay has seamless built-in integration with Square, making it a piece of cake to offer BNPL right from your Square point of sale.

Square merchants can even order a free Afterpay marketing kit to let their customers know that they accept this BNPL payment option.

Afterpay is also simple for customers to use and it’s aimed at those who may have tarnished credit or no credit. There is no credit check and customers start out with a spending limit of $600 that is meant to encourage responsible spending habits. To learn more about this best BNPL app, read our post on how Afterpay works for small businesses.

Get Started With Afterpay

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5. Sezzle: Best For Gen Z eCommerce

Sezzle



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Pros

  • Large network includes 47,000+ retailers
  • Customers can reschedule payments up to three times
  • Sezzle Up option to improve customer credit scores through BNPL
  • Merchants may qualify for interest-bearing savings accounts

Cons

  • No in-store payment option
  • High merchant fees
  • Customers may be charged nonsufficient funding fees & late fees

Sezzle Features

  • Free integrations with WordPress, WooCommerce, BigCommerce, Magento, Salesforce, Shopify Plus, and more
  • On-time installment payments reported to credit bureaus to help customers build credit
  • Customers’ Sezzle credit limit increases over time
  • Named #1 Installment Payment Software by G2 in Fall 2021 for excellent customer service
  • Merchant interest-bearing plan offered in addition to standard direct deposit plan

Sezzle Rates & Fees

Sezzle’s merchant fees are 6% of the transaction price + $0.30.

If a customer can’t make a payment on time, they can change one due date for free. If needed, the next two due date changes will cost $5 each. If they don’t change the due date, customers are charged $10 for each late payment.

Customers may also be charged nonsufficient funds fees if there isn’t enough money in their banking account to pay an installment.

Eligibility Requirements

Sezzle eligibility requirements are as follows:

  • 18+
  • Valid email & US or CA phone number that receives texts
  • Link CC or debit card

Applicants are subject to soft credit checks that will not affect their scores; loan applications are approved in seconds.

Repayment Terms

Following the standard BNPL four-payments model, Sezzle customers pay 25% of their purchase upfront and the next three interest-free installments over the span of 6 weeks.

Where Sezzle Really Shines

Based on the brands Sezzle partners with and the features they offer, Sezzle is ideal for online retailers targeting Gen Z customers. The company is a certified B Corporation because they focus on offering transparent BNPL services, as well as financial education, with the mission to empower the next generation of shoppers. Sezzle gives customers every opportunity to avoid late fees, is highly responsive when customers have any issues, and allows younger shoppers to build their credit with their Sezzle Up program. Sezzle also works with all major eCommerce platforms.

Customers who sign up for Sezzle Up get their on-time installment payments reported to credit bureaus, and increase their Sezzle credit limit over time. Other BNPL providers do not report on-time payments, so this is a unique, highly attractive feature. Though Sezzle doesn’t yet offer in-store BNPL integrations, it probably won’t be long until such a feature is added. Sezzle is also known for its stellar merchant assistance services, so don’t hesitate to ask for help if you need it. Sound good? Read our article to help you decide whether to offer Sezzle on your website.

Get Started With Sezzle

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6. Sunbit: Best For Auto Repair Shops

Sunbit



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Pros

  • Geared toward large, essential purchases
  • Specifically catered to in-person businesses, especially auto repair shops
  • Works with merchants to create a customized BNPL solution

Cons

  • Down payment is required to use Sunbit
  • Merchants don’t know how much they’ll pay in fees until speaking to a Sunbit rep
  • Some merchants charged a monthly technology fee

Sunbit Features

  • Customers have access to larger essential purchases and add-ons
  • Dedicated account manager training on how to offer Sunbit services
  • Huge range of installment offerings available to suit your customers’ needs
  • Loans as large as $10,000
  • Customizable BNPL solution can include all or only part of purchase

Sunbit Rates & Fees

Interest rates on Sunbit consumer loans range from 0%-35.99%. Rates depend on where the customer lives, their credit situation, their loan amount, and their repayment timeline.

Since each BNPL solution is customized, merchants won’t have an idea of how much they’ll be paying in merchant fees until you speak to a customer representative.

Eligibility Requirements

Customers may apply for a Sunbit loan at your store, online, or with the Sunbit app. Customers must meet the following requirements:

  • 18+
  • Have state-issued license or ID

The approval process does include a soft credit check, and takes less than one minute. Approximately 90% of customers are pre-approved for some amount of credit. Customers then enter how much of that credit they’d like to use towards their purchase. For example, a customer may be approved for $2,000, but only need $600 to cover a car repair. They choose a loan repayment plan to pay off that $600, pay some amount of the purchase up front, and then pay the rest in monthly installments.

Repayment Terms

Customers may apply for a Sunbit loan ranging from $60-$10,000, with 3-12 month repayment options available.

Where Sunbit Really Shines

Most BNPL apps are geared towards retailers selling “nonessential” items. Sunbit distinguishes itself by offering easy customer financing options for in-person services such as optical appointments, car repairs, or veterinary procedures. In fact, one in four auto dealership service centers in the U.S. offers Sunbit.

Sunbit’s BNPL solution softens the potential financial blow of essential services for customers. It also gives Sunbit-equipped business owners a competitive edge and the ability to offer services to customers who may not have the best credit score.

If you’re interested in offering Sunbit to your customers, you can reach out to the company for a personalized quote.

Get Started With Sunbit

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7. Wisetack: Best For Home Service Industry

Wisetack



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Pros

  • User-friendly for both clients and merchants
  • Ideal for home service businesses
  • Financing for $500-$25,000 purchases
  • Excellent customer service

Cons

  • Customer must acknowledge work has been completed
  • If agreement between you and your customer changes, payment setup doesn’t automatically update

Wisetack Features

  • Fast & easy application process for customers
  • Funds sent to your bank account next business day after work is complete
  • Wisetack takes on all financial risks that come with getting paid after a service is finished
  • Works with home service software including HouseCall Pro
  • Customers can pay off loans early

Wisetack Rates & Fees

Loan interest rates are 0%-29.99% depending on the customer’s credit situation and loan repayment structure. Three-month loan repayment plans are interest-free.

On the merchant side, Wisetack takes out a 3.9% commission fee.

Eligibility Requirements

Wisetack doesn’t list any specific eligibility requirements on its website, but there is an application with a soft credit check, and customers with bad or fair credit may be accepted. Wisetack says they approve, on average, 88% of applicants with credit scores as low as 540.

Repayment Terms

Wisetack offers 3-60 month consumer financing plans. Your customers have the ability to set up automatic loan payments and pay off their loans early. They will not have to pay compound interest or late fees. They can also reschedule their monthly pay dates if needed.

Where Wisetack Really Shines

Wisetack is a unique BNPL solution for home service providers to offer their customers 3-60 month financing plans, without taking on any financial risks. Wisetack sets you up with your own merchant portal, where you can see approved applications and check payment notifications. Wisetack pays you directly and works with your current order management software.

After the customer confirms their loan, you provide the service. Once the work is done, Wisetack sends your customer an email asking them to confirm that the job is done. You receive funds directly to your bank account within 1-2 business days after the client confirms the service is complete.

In addition to home services, businesses in other service industries like automotive, veterinary, dental, and medical can also use Wisetack.

Get Started With Wisetack

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8. Splitit: Best For Selling High-Ticket Items

Splitit



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Pros

  • Helps existing credit card users manage spending, build credit
  • No customer credit check or application
  • No fees for customers
  • Online and in-store BNPL options

Cons

  • Customers must have a Visa or Mastercard credit card with available credit
  • Somewhat complicated implementation
  • Businesses must have $500,000 in annual sales to qualify for full payment upfront

Splitit Features

  • Merchants set minimum and maximum qualifying purchase amounts
  • Customers can earn credit card rewards on their purchases
  • No application — customers with an eligible credit card can simply select Splitit as a payment option
  • Integrates with major eCommerce platforms such as Magneto, Shopify, & WooCommerce
  • Short- and long-term repayment plans

Splitit Rates & Fees

Splitit does not charge customers any fees. However, if customers don’t pay their balance in full at the end of the month, they could be charged interest fees from their credit card issuer, as with any credit card balance.

There are two Splitit business plans for merchants:

  • Business Standard: Splitit takes 1.5% of the purchase amount and $1.50 per customer installment; merchants get paid as customers pay their monthly installments.
  • Business Funded: Splitit takes 3% of the purchase amount and $1 per customer installment; merchants are paid the total purchase amount, minus fees, upfront.

Eligibility Requirements

Customers must meet the following requirements

  • 18+
  • Have an eligible credit card
  • Have enough available credit to cover full purchase amount

Customers do not have to undergo a credit check during the loan application process. However, Splitit does make sure that they have enough available balance on their credit card to cover the full balance of their transaction before being approved for a loan.

For example, if your customer wants to buy a $1,000 laptop, they must have at least $1,000 available on their credit card to cover the cost of the purchase. They may have to pay $200 upfront, and Splitit will put a preliminary hold of $800 on their card. Once they pay the next $200 installment, the hold reduces to $600, and so on, until the purchase is paid off.

Repayment Terms

Splitit installment options can range from 3-24 months, depending on the retailer. These are monthly installments and the customer must pay off their credit card balance every month.

Where Splitit Really Shines

Many existing credit card users charge large purchases to their credit cards but rack up interest fees when they don’t pay off their balance in full by the end of the month. Splitit offers credit card users a way to buy larger items now, but get their credit card charged in smaller, more manageable increments. Then, they’ll be able to pay their monthly credit card balance off in full while building their credit.

When your customer checks out, they’ll see Splitit as a payment option. They may choose to pay in installments through Splitit, and pay for some of the purchase up front.

Because Splitit makes sure customers can afford larger purchases by holding the money on a credit card, you know that customers will be able to afford the big-ticket items they would normally purchase with a credit card.

Companies selling big-ticket items such as high-end furniture, jewelry, and electronics really benefit from offering Splitit online and in-store.

Get Started With Splitit

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Why We Don’t Recommend These BNPL Apps

Zip (Previously Quadpay)

Zip also offers interest-free pay in four installment options for customers.

With Zip, customers have more control over their repayment schedule. They can set up weekly, biweekly, or monthly payment plans.

However, customers are charged a monthly fee of $7.25 if they still have an outstanding balance and have to pay $1 for every installment. They also have very low customer reviews, which is why Zip is not one of our top choices for BNPL providers.

What Are The Benefits Of Buy Now, Pay Later?

BNPL has many benefits for merchants. Some of these include:

  • Encourages higher customer spend
  • Encourages customer loyalty
  • Popular with younger shoppers
  • Drives online purchases
  • More convenient and accessible than credit cards

To learn more about the benefits of buy now, pay later apps, read our comprehensive guide to BNPL for merchants.

Are There Drawbacks To Offering Buy Now, Pay Later?

There are also certain disadvantages to buy now, pay later apps for merchants. Some of these include:

  • Higher merchant fees compared to credit cards
  • Merchants have to apply to use service (and may not be accepted)
  • Slower checkout compared to credit card or contactless payment
  • Not all BNPL apps integrate with all commerce platforms
  • Carries some risk of fraud and chargebacks

If you’re not sure whether BNPL is worth it for your small business, read our post to help you decide if adding buy now, pay later apps will or hurt your bottom line.

FAQs About BNPL Apps For Small Business

What is an advantage of buy now, pay later?

A major advantage of buy now, pay later is that it allows customers to make large purchases at your business, even if they don’t have a credit card. BNPL statistics show that this increases your customer base, your average customer spend, and your bottom line.

What are the pros and cons of buy now, pay later?

Some pros of buy now, pay later are that it offers your customers more ways to pay and makes your business more competitive with the many other businesses in your industry that already offer these services. Some cons of BNPL include the fees it costs merchants to implement BNPL and the fact that BNPL has a reputation of causing financial harm to younger consumers.

Why do customers like buy now, pay later?

Customers like buy now, pay later apps because they make large purchases more affordable and help you avoid credit card debt. BNPL is easier to get than a credit card, even if you have bad credit, and the repayments are simplified as well.

What's the biggest financial advantage of the BNPL program?

The biggest financial advantage of offering BNPL is that customers spend more at your business. For example, according to Affirm’s website, businesses who use Affirm report an 85% increase to their average order value after implementing the BNPL service, with a 20% repeat purchase rate among their customers who use Affirm.

What is the best buy now, pay later for merchants?

Affirm is the overall best buy now, pay later app for small and large businesses based in the US. They offer eCommerce and in-store BNPL options for merchants. Customers can apply for interest-free short term loans, as well as customer financing plans for larger purchases.

How does buy now, pay later work for businesses?

Businesses apply for and implement a BNPL app on their website or point of sale. This creates a link that your customers can use to apply for a BNPL loan if they so choose. If approved, the customer will pay for their purchase over time, but you as the merchant will typically see the full amount of the purchase in your account within 1-3 days of the purchase.

Is Sezzle like Afterpay?

Sezzle and Afterpay both allow your customers to pay off their purchases in four interest-free installments. Afterpay does not conduct credit checks on short term loan applicants. However, Sezzle is more customer-friendly and transparent with their service offerings. Your customers are also much less likely to be charged late fees with Sezzle.

In Summary: Best Buy Now, Pay Later Apps For Business

  1. Affirm:
    • Merchant fee: 5.99% + $0.30
    • Soft credit check
    • No late fees
  2. Klarna:
    • Merchant fee: 3.29-5.99% + $0.30
    • Soft or hard credit check
    • Late fees up to 25% of purchase amount
  3. PayPal Pay In 4:
    • Merchant fee: 3.49% plus a fixed fee
    • Soft credit check
    • No late fees
  4. Afterpay:
    • Merchant fee: 4-6% + $0.30
    • No credit check
    • $8 fee for each late payment
  5. Sezzle :
    • Merchant fee: 6% + $0.30
    • Soft credit check
    • $10 fee for each late payment
  6. Sunbit:
    • Merchant fee: Not disclosed
    • Soft credit check
    • 0-35.99% APR
  7. Wisetack:
    • Merchant fee: 3.9%
    • Soft credit check
    • 0%-29.99% APR
  8. Splitit:
    • Merchant fee: 1.5% + $1.50 per installment
    • No credit check
    • No fees for consumer
Shannon Vissers

Shannon Vissers

Expert Analyst & Reviewer at Merchant Maverick
The former editor-in-chief of SteelOrbis, Shannon has been researching and writing about small business software and financing since 2015. Her shopping and retail expertise has been cited in numerous publications, including Reader's Digest, MSN, Yahoo Finance, and GOBankingRates . She has also published articles for LIVESTRONG.COM, eHow, Life'd, and other websites. Shannon attended San Diego State University, graduating in 2005 with a BA in English.
Shannon Vissers
View Shannon Vissers's professional experience on LinkedIn.

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Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships.

Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

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