BNPL: Acronym for success?

Adam Bernstein explores the benefits of offering alternative payment options

In a time of rising costs, individuals are especially keen to make purchases as affordable as possible. Cheques are history and cash is declining, which leaves debit and credit cards to take up the slack. The problem is that the former requires funds in an account to make a purchase and the latter usually offers up to 56 days to pay – and requires a credit check.

But there is an alternative that the optical sector needs to consider. Used by many including Boots Opticians, Leightons and Vision Express to name but a few, it is known as ‘buy now pay later’ – BNPL.

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