: Approval is often near-instant, requiring only a "soft" credit check that does not impact the user’s credit score. 3. Impact on Consumer Behavior
: Retailers typically pay BNPL providers a commission ranging from 2% to 8% of the transaction value. buy now pay next year
Unlike traditional credit cards that rely heavily on interest from consumers, the BNPL model shifts the primary revenue burden to merchants. : Approval is often near-instant, requiring only a