![]() ![]() ![]() With different platforms specialising in different types of purchases, many people are signing up to multiple services - making repayments harder to track and creating a higher chance of being hit with fines of up to $15 dollars every time a payment is late. ![]() Qantas and Virgin both use Zip to offer flexible fight payment options.LattitudePay is geared towards large whitegood purchases, linked with Harvey Norman, The Good Guys and Kitchen Warehouse.Klarna is used by more than 200 thousand online retailers.Afterpay is the most popular, with no credit check required.There are currently more than a dozen platforms offering BNPL services in Australia, and they are pretty easy to sign up for. “Thirteen per cent actually found it to be more secure rather than putting their details on an unfamiliar website.” “Mozo research found that 82 per cent of people actually check out online with Buy Now Pay Later out of convenience, rather than entering their lengthy card details,” Frawley explained. “Clothing continues to be the most popular category that people are using for Buy Now, Pay Later, followed by electronics and homewares,” Claire Frawley from Mozo told Sunrise.īut the convenience of splitting a purchase into small chunks isn’t the only reason people are choosing BNPL. Clothing is the number one category people buy with Buy Now, Pay Later platforms. Only 8 per cent spent of that is spent on essential living items, and just 6 per cent on bills and utilities. Stream the world's best reality, entertainment and true crime shows for free on 7Bravo on 7plus >ĭata from Mambu found 24 per cent of Australian consumers have used a BNPL service such as Afterpay, Zip and Humm, with the average Aussie user spending around $2200 a year through the platforms. ![]()
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