HOW TO CHOOSE BETWEEN BUY NOW, PAY LATER, AND A CREDIT CARD AT CHECKOUT
BUY NOW, PAY LATER - EXPLAINED
Like its name suggests, "buy now, pay later" lets you make a purchase and receive it immediately but pay for it at a later time, usually over a series of installments.
This type of payment plan is available at most major retailers, but whether you should use it depends on the plan itself and your financial situation.
Though buy now, pay later can be a smart, low-interest way to break up an expense, you’re still taking on debt, and there are risks involved.