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November 20, 2023

Want to buy now, pay later this holiday season? Ask yourself these questions

  • The payment plan is expected to fuel $17 billion in online holiday spending this year.
    • By JACKIE VELING
    NerdWallet

    Shoppers gearing up for the 2023 holiday season won't have to look hard for a convenient way to pay for all those presents.

    “Buy now, pay later,” a type of payment plan that divides the total cost of your purchase into smaller installments, is offered at most major retailers, including Walmart, Target and Amazon. It's expected to fuel $17 billion in online holiday spending this year – up almost 17% from 2022 – according to forecast data from Adobe Analytics, an analytics and measurement tool from software company Adobe.


     
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