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Use of BNPL for Everyday Expenses at an Alarming High


Over the years, consumers looking to spread out the expense of large purchases have chosen Buy Now, Pay Later(BNPL) installment arrangements. However, as a result of escalating prices, some strapped for cash consumers are now turning to these alternative payment options for regular purchases like their morning coffee, gas station fill-up, or grocery run.

BNPL transactions are now expected to reach at least $100 billion yearly, with companies ranging from Affirm and Apple to PayPal and Zip. Analysts predict that within a few years, this number will soar to between $1 trillion and $4 trillion.

The growth in the usage of these services, along with a lack of transparency and weak regulatory monitoring, worries economists and consumer activists who are concerned about the debt Americans are accumulating.


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