Smarts Timer
No Result
View All Result
Wednesday, February 8, 2023
  • Login
  • Home
  • GENERAL
  • BUSINESS
    • FINANCE
    • REAL ESTATE
    • ECONOMY
  • TECHNOLOGY
    • DIGITAL MARKETING
    • INTERNET
    • SOFTWARE
  • HEALTH & FITNESS
    • FOOD
  • HOW TO
  • CRYPTO
  • More
    • AUTOMOTIVE
    • PACKGING
    • HOME IMPROVEMENT
    • EDUCATIONS
    • ENTERTAINMENT
    • CBD
    • MAKEUP
Subscribe
Smarts Timer
  • Home
  • GENERAL
  • BUSINESS
    • FINANCE
    • REAL ESTATE
    • ECONOMY
  • TECHNOLOGY
    • DIGITAL MARKETING
    • INTERNET
    • SOFTWARE
  • HEALTH & FITNESS
    • FOOD
  • HOW TO
  • CRYPTO
  • More
    • AUTOMOTIVE
    • PACKGING
    • HOME IMPROVEMENT
    • EDUCATIONS
    • ENTERTAINMENT
    • CBD
    • MAKEUP
No Result
View All Result
Smarts Timer
No Result
View All Result
Home FINANCE

Things To Know About The “Buy Now, Pay Later” Payment Scheme

by Bilawal Zafar
April 2, 2022
in FINANCE
0
Payment

Image Source: Unsplash

152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Almost everyone knows the feeling of frustration that comes when you stepped inside a store, find something you like but leaving not being able to buy it because you could not afford it. Unfortunately, not all of us were born with money to spend on everything that we fancy. Fortunately, shops and merchants have come up with various ways to make it easier for us normal people to buy our needs and wants. One of those ways is offering a “Buy Now, Pay Later” payment scheme which is exactly how it sounds. But of course, before committing to one, it is better that you are well informed of what this entails.

There is a service fee

Not all stores charge a service fee for availing of this payment scheme. But it is better that you know. You should get advice before you apply for the lay-buy payment method. This is so you can adjust accordingly the installment payment that you need to complete.

Most probably, the service fee will be charged to you during the first payment so don’t be surprised if your first payment is different than the rest. The service fee is not that high and there are stores that do not implement this. If you will buy from large stores, you have to prepare for the service fee because they would likely charge you for it as opposed to smaller shops.

Payment
Image Source: Unsplash

There is a cancellation charge

This one is pretty understandable because the store would be reserving the item or product for you until you have settled the full amount. If you suddenly change your mind and do not want to purchase the item anymore, they might have a hard time reselling it. This is the reason why they would levy you with a hefty cancellation charge.

The cancellation charge varies, even if you are not planning to cancel your purchase. It is still better to ask how much it is. If and when you suddenly have an emergency and you could not continue paying for the item. Some stores ask for a deposit and when the customer cancels the purchase, they keep this deposit. These are the things you should ask beforehand to not be surprised in any circumstance.

The price of the product will not change

If sale season is about to come, you might think twice about availing a buy now pay later payment method since the item or product that you are planning on buying might sell at a discounted price later on. When this happens, you might lose the chance of purchasing it at a more affordable price because even if it became discounted. You will continue paying for it the full amount.

These points are not enough to deter anyone from availing of this payment method because at the end of the day. It is still a good option especially if you will be buying in bulk. You’re stocking up on your Christmas shopping list. As a last reminder, don’t forget to have your own copy of the agreement detailing the terms and conditions.

Tags: lay-buyPayment
Previous Post

All the Secrets of Erectile Dysfunction

Next Post

How to Ship a Motorcycle Overseas for a Cheap Price

Next Post
Ship a Motorcycle

How to Ship a Motorcycle Overseas for a Cheap Price

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
how to find someone's premium snapchat

How to Find Someone’s Premium Snapchat Leaked Instantly

August 24, 2022
Webtoons XYZ

The Library of Webtoons XYZ

November 9, 2022
Crazy Games Unblocked

Crazy Games Unblocked

September 1, 2022
Watch and Download Free Movies

Bflix – Watch and Download Free Movies

June 15, 2022
What Are Karaoke Clubs?

What Are Karaoke Clubs?

2
Explore Unique Royal Holi Celebrations of Rajasthan

Explore Unique Royal Holi Celebrations of Rajasthan

2
Best Electric Services in the UK

Best Electric Services in the UK

2
custom soap boxes

Tips for Packaging Your Products with Custom Soap Boxes

2
Scope of BSc psychology in India [2023]

Scope of BSc psychology in India [2023]

February 7, 2023
Cloud computing for technology innovations 

Cloud computing for technology innovations 

February 6, 2023
Smart Campus Experience

Why techbusinesinsider is good digital media for market trends?

February 6, 2023

Beautyforever Hair: How to Choose The Right Body Wave Wig?

February 6, 2023

Recent Posts

  • Scope of BSc psychology in India [2023] February 7, 2023
  • Cloud computing for technology innovations  February 6, 2023

Categories

Site Navigation

  • Contact Us
  • About Us
  • Privacy Policy
  • Sitemap
  • RSS Feed

Address

Contact at :

admin@smartstimer.com

© 2022 SmartsTimer - All Rights Reserved by SmartsTimer.

No Result
View All Result
  • Home
  • GENERAL
  • BUSINESS
    • FINANCE
    • REAL ESTATE
    • ECONOMY
  • TECHNOLOGY
    • DIGITAL MARKETING
    • INTERNET
    • SOFTWARE
  • HEALTH & FITNESS
    • FOOD
  • HOW TO
  • CRYPTO
  • More
    • AUTOMOTIVE
    • PACKGING
    • HOME IMPROVEMENT
    • EDUCATIONS
    • ENTERTAINMENT
    • CBD
    • MAKEUP

© 2022 SmartsTimer - All Rights Reserved by SmartsTimer.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In