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Daniel N added an answer to this question
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Daniel N

Daniel N

'Buy now, pay later, or BNPL as it is often abbreviated, is only a good option if you are financially stable. Because of this, it may not be a viable strategy for smaller businesses if they cannot stay afloat without the customer paying at that time. However, it may not always be a bad idea. Of course ...  Continue Reading
Eloah Paes Ramalho

, Community Manager at SavvySME

Thanks for summing this up, Daniel! BNPL has definitely some pros and cons which are worth weighing down when going for that model. This ties very well with what @Rick Hoskins and @Colony Roofers mentioned above. @Yee Trinh , do you find subscriptions are a more "stable" type of BNPL for small businesses?
 

Daniel N

,

The following is from Ethan Taub: 'Though subscriptions can be useful in some cases, they are easy to be forgotten about by the purchaser. Paying in those small instalments at regular intervals sounds like a great offer but if payments are late for any reason then they could face massive consequences down the line. They should be able to pay when ready as long as they are given a deadline.'

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