Visit the Affirm website to download the app and then shop online at. And, yes, it can be used for drive-up, pick-up and same-day delivery services provided by Shipt via Target.Īffirm works in a similar way, but purchases must be more than $100. Then, the shopper can shop via the Target app or website and select their new Sezzle card for payment. To use Sezzle at Target, a customer must first go to the lender’s website and apply for a virtual card. How does it work as you’re shopping? Different retail chains are working with different BNPL services, so your experience can differ across retailers, but here’s one example: Target began working with two BNPL companies in 2021, Affirm and Sezzle.
Target Partners With Two BNPL Companies To Help Customers It’s vital to note that every BNPL company has different terms, so it’s important to review them carefully before applying for a loan. However, there are various fees for these loans, including service, transactional and rescheduling, and penalties for having insufficient funds and late payments. For short-term loans, such as four weeks, many BNPL companies will not charge interest. Think of Buy Now, Pay Later as a loan you apply for and then have to pay back in installments.įor example, if a shopper has a $200 grocery bill, they would make a $50 down payment up front and pay the rest of the $150 balance over the next few weeks or months. “The rise of buy now, pay later usage for groceries tells us that consumers are likely making bigger purchases online to take advantage of special promotions and stock up on staples, thus managing living expenses in more flexible ways,” said Vivek Pandya, a lead analyst for Adobe. In the first two months of 2023, the usage of BNPL in the grocery sector jumped by 40%, according to a recent study released by Adobe Analytics. A number of major grocery retailers, including Albertsons, Costco and Target, now accept options for using “buy now, pay later” (BNPL) programs as an alternative to cash, debit, or credit card payments. While some shoppers are taking advantage of coupons or viral video hacks to slash their grocery bills, others are signing up for a program that defers in-full payment at the cash register. Paying for groceries has become such a struggle for some that consumers are searching for ways to offset the costs.
0 kommentar(er)
