Buy Now Pay Later articles

How is Deferit different from other BNPL services?

Deferit is a buy now, pay later (BNPL) platform with a difference. Instead of facilitating retail purchases, it pays your bills on time while allowing you to pay them off in four equal fortnightly instalments without any interest. The service is available for a monthly subscription fee for months when there is an active bill.

Buy now pay later vs personal loan

Thinking about making a pricey purchase but don’t want to splash all your cash at once? Buy now pay later (BNPL) and personal loans are two alternatives to choose from.

What is Gimmie, and how does it work?

Gimmie is a buy now, pay later platform that helps you make big purchases but spreads the payments over a range of flexible payment plans. Get to know Gimmie.

Afterpay vs Klarna: Which is a better service? | RateCity

Klarna and Afterpay are popular buy now, pay later (BNPL) services, but they offer different benefits. Learn more in this detailed comparison.

Afterpay vs LatitudePay: what is the difference between the two BNPL services?

Both Afterpay and LatitudePay are popular buy now, pay later (BNPL) services, but they have different terms and conditions you should learn about before choosing either.

Can you sign up to multiple BNPL platforms?

Given the lack of regulation surrounding BNPL, you may be able to open multiple accounts with different providers. However, this may not be a sensible practice as it might be difficult to keep track of all your debts and you could miss payments, potentially resulting in late fees and charges.

What is PayPal Pay in 4 and how does it differ from other BNPL services? | RateCity

PayPal Pay in 4 is a buy now, pay later (BNPL) service available to PayPal users for breaking down their shopping into smaller, interest-free instalments payable over six weeks. Unlike other BNPL services like Afterpay, Pay in 4 doesn't charge any late fees to users on missing a repayment, but it can report the default to credit bureaus.

Payright: What is it and how does it work? | RateCity

Payright is a buy now, pay later (BNPL) service that allows you to borrow up to $10,000 to shop at select retailers and repay the amount in smaller instalments spread over three to 36 months. The platform also includes a dedicated home improvement category, and you can gain approval for up to $20,000 for spending under this category.

Zip Money: What Is It and How Does It Work? | RateCity

Zip Money, one of two Buy Now, Pay Later (BNPL) services offered by Zip Co, can be used for purchases over $1,000. Check the repayment conditions.

What’s the difference between Zip Pay and Zip Money? | RateCity

Buy now pay later platform Zip offers two options, Zip Pay and Zip Money, which have different features suitable for different customers.

What is Limepay and how does it work? | RateCity

Limepay is a buy now, pay later platform that allows you to break down your purchases into four, interest-free instalments paid every fortnight. The platform completely integrates with partner merchants to provide a secure and seamless checkout experience without redirecting you to third-party sites.

Can using a buy now pay later service hurt my financial health? | RateCity

Buy now pay later (BNPL) may appear as a more manageable way of buying big-ticket items, but you need to be aware of maintaining your credit score and overall financial health.

Afterpay vs humm: Which is a better service for me? | RateCity

Both Afterpay and humm are established buy now, pay later (BNPL) services, but they have different spending limits and fee structures in place. While you can only spend up to $1,500 on an item with Afterpay, humm may allow you to purchase big-ticket items up to $30,000 using the service.

humm: What is it and how does it work | RateCity

humm is a buy now, pay later platform that allows you to break down your purchases up to $30,000 into interest-free instalments spread over several months. However, not meeting the repayment schedule could see you hit with a late payment fee and could also hurt your credit rating.

Bundll: What is it and how does it work?

Bundll is a buy now, pay later (BNPL) service that lets you shop for up to $1,000 at any retailer (whether online or in-store) that accepts Mastercard. However, unlike other BNPL services, bundll is designed to pay for your everyday purchases by clubbing your weekly spends into a single bundll that can be paid off in 14 days, without any interest.

Laybuy: What’s different about this retailer-centric bplatform?

Laybuy is a buy now, pay later service like Afterpay that lets you spend up to $1,200 on a wide range of products and pay off your purchases in six equal weekly instalments.

Openpay: How it works and other information you need to know

Openpay is a buy now, pay later (BNPL) platform used for everyday spending, meddical expenses into interest-free instalments, having a maximum spending limit of $20,000,

What is LatitudePay and how does it work?

LatitudePay is a buy now, pay later (BNPL) provider with a similar business model in New Zealand. It lets you spend up to $1,000 and pay it back in 10 weekly instalments, with the first instalment due on the day of the purchase.