Situations for using buy now, pay later (BNPL) in the U.S. 2022
In February 2022, over a third of BNPL users in the United States were likely to employ these services to avoid getting credit card debt. Buy now, pay later platforms provide short-term consumer credit for online or point-of-sale purchases. Most respondents considered that they would be more likely to use this type of service due to the rising prices.
