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E-commerce vocabulary · Payments and Fraud Prevention

Buy now, pay later

Meaning in e-commerce, with examples

phraseCommon term

In e-commerce, buy now, pay later means: A payment option offered by a financing provider that lets customers receive an order now and pay for it later or in a few smaller parts, often without interest if paid on time.

In Turkish: şimdi al, sonra öde, ertelenmiş ödeme

How it is used

Common at checkout in many markets. Shortened to BNPL. Stores add or integrate a buy now, pay later provider; the provider pays the store and collects from the customer. People also say 'pay in four' or 'pay in 30 days'.

Example sentences

  1. Buy now, pay later is popular with younger customers in our UK store.

  2. Orders paid with buy now, pay later have a higher average value.

Common collocations

  • buy now, pay later provider
  • BNPL option
  • pay in four
  • offer BNPL
  • installmentOne of several smaller payments that together make up the full price, so the customer pays over a number of weeks or months instead of all at once.
  • payment methodA way a customer can pay for an order, such as a credit or debit card, bank transfer, digital wallet or cash on delivery.
  • checkoutThe final steps of buying online, where the customer enters an address, chooses delivery and payment, and places the order.
  • average order valueThe average amount a customer spends in one order, found by dividing total revenue by the number of orders in the same period.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Payments and Fraud Prevention

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