DailyHum Logo
This Black Friday, what’s the best way to pay?
Nov 25, 2021 | FOX Business
Picture - This Black Friday, what’s the best way to pay?

Two payment options are vying hard for shoppers’ attention this Black Friday: "buy now, pay later" services and store credit cards.

There’s a reason for the avalanche of offers. Startups and established players in payments want a bigger piece of the e-commerce boom set off by the pandemic, and some are offering competitive Black Friday deals to woo consumers to their platform.

Affirm, Klarna and other ‘buy now, pay later’ apps allow shoppers to pay for purchases in weekly or monthly installments, with fees but often without interest. Their popularity has skyrocketed over the past year.

NEED CASH FOR HOLIDAY SHOPPING? HERE ARE 3 WAYS TO BORROW STRATEGICALLY

Store credit cards, which typically work with one retailer or joint retailers and offer store-specific rewards, are also rising in use compared with early pandemic levels.

Sponsored
51 minutes ago | The Motley Fool
Is This Leading COVID Stock a Buy Right Now?
2 hours ago | Entrepreneur
Now Is Not The Time To Buy Autodesk
3 hours ago | Entrepreneur
Quinstreet Stock is a Turnaround Play
Chasing Oregon’s Watery Wonders
19 hours ago | Atlas Obscura
Travel
How Hiya taps AI to kill phone spam
15 hours ago | Venture Beat
AI/ML