Buy Now Pay Later (BNPL)
Buy Now Pay Later (BNPL)
Accept Buy Now Pay Later payments through PaymentKit. BNPL options allow customers to split purchases into installments while merchants receive full payment upfront (minus processor fees).
What is BNPL?
Buy Now Pay Later (BNPL) is a payment method that allows customers to purchase items immediately and pay for them over time in installments. The merchant receives the full payment amount upfront (minus processor fees), while the BNPL provider handles collecting installments from the customer.
BNPL is popular for:
- Higher-value purchases where customers prefer to spread payments
- Reducing cart abandonment by offering flexible payment options
- Increasing average order value
Supported processors
PaymentKit supports BNPL through the following payment processors:
BNPL payment methods are processor-specific. Each processor has different BNPL providers available with varying capabilities, currencies, and transaction limits.
How BNPL works
All BNPL providers follow a similar popup-based flow:
- Customer selects a BNPL provider at checkout
- Customer enters required information (varies by provider)
- A popup window opens to the BNPL provider’s site
- Customer authenticates and selects their preferred payment plan
- After approval, the popup closes and checkout completes
The specific requirements and capabilities vary by provider. See the processor-specific documentation for details.
Choosing a BNPL provider
When selecting which BNPL providers to enable, consider:
- Geographic coverage: Different providers operate in different regions and support different currencies
- Transaction limits: Each provider has minimum and maximum transaction amounts
- Subscription support: Not all providers support recurring payments
- Customer base: Some providers have stronger brand recognition in certain markets
See the processor-specific pages for detailed provider comparisons.
