Best Buy Now Pay Later Apps and Sites 2021

Last Update: March 22, 2021 Apps Loan Reviews Loans

Buy Now Pay Later is a growing business. Most of you have heard of them. BNPL, Shop Now Pay Later Sites, Get Now Pay Later Apps, POS Financing – all of these means the same. You pay for goods now and pay for them later.

Because of the huge interest in this topic, ElitePersonalFinance digs into details and created this comprehensive guide. Here we will give you all of the information on this business. We will also review all of the best Buy Now Pay Later Apps and Sites.

Are you looking for electronics or probably some clothes? No cash now – no problem. Get what you want and pay for it later. It looks like a great deal!

And if we add the fact that most of these companies offer interest-free payment, approve bad credit, and actually, most of them approve people without checking it, this makes them look really attractive to many customers.

But is this always so good? In fact, this type of business get also many negative comments. Most of them come from the fact that this actually is type manipulation. By offering goods for free, without interests and credit check, BNPL businesses actually slightly try to trick people into buying more than they planned, … we call it overspending!!! People buy stuff that they are not sure can they afford to pay later. And some of them, especially those with bad credit end up getting expensive payday loans to pay for their interest-free BNPL loan.

And honestly, from a financial standpoint, in some cases, they are not always the best loan solution for most of us, even if their loans are interest-free with no-catch.

Pros and Cons of Buy Now Pay Later Companies


  • Some BNPL companies really offer interest-free types of loans and there is no catch. But this is not true for all of them…
  • Some BNPL companies work with people with bad credit, some of them even don’t check it.
  • Fast and easy approval.
  • They work with many large and even local stores.
  • Some companies don’t require you to pay anything on the day you buy.
  • BNPL is a high-growing business. There are many sites, apps, offering more and more competitive products to choose from. Like in every growing business where the competition increase, customers always expect new and more attractive offers.


  • It’s a type of manipulation, leading people into making fast and not always correct for them buying decision. These companies typically lead to overspending.
  • People buy things that not always can repay on time. This is common especially for those with bad credit and low finances. These people typically would get denied from a loan because lenders consider them risky or not payable. And with the right! People who can’t afford to pay their loans, shouldn’t get any at all, especially if it is for unnecessary stuff like electronics, clothes and etc. BNPL offers an easy solution for those people, leading them into financial problems very soon. You definitely don’t want to get an expensive payday loan to pay for your interest-free loan, and this, unfortunately, happens to many people. This could lead some people to financial problems even in a debt cycle.
  • Some of them have late fees, or even hidden fees.
  • As a type of loan, they are not always the best solution. Let’s now talk a little bit about traditional loans, when it comes to buying stuff.

Buy Now Pay Later Sites vs. Traditional Loan Companies

Your first question probably will be which of those is better. Well, it’s totally up to the overall loan terms and your budget.

For some of you, BNPL could be a better choice, but for most, loans remain better, even if they charge some late fee.

In brief:

  • Buy Now Pay Later Sites can be found with no interest, but their terms are very short and they are not always good for your actual budget.
  • Loans come with interest fees (for those with good credit they are very low), but their repayments can be set times better. This makes them a good option for people with a tight budget.
  • Personal loans don’t restrict people on how they use their money, so they can be a great alternative to Buy Now Pay Later Sites.
  • Applying for a personal loan is free, there is no obligation on accepting the offer, and it there is no hard credit pull, so you can apply for as many as you wish.

If you plan to use some of these Buy Now Pay Later companies, you shouldn’t miss comparing also personal loans.

We have all of them on our marketplace. Here are a few links that we recommend:

Best Personal Loans for Good Credit 2021

Best Personal Loan Comparison Sites 2021

Best Personal Loans for Banks 2021

Best Personal Loans for Credit Unions 2021

Best Personal Loans for Bad Credit 2021

Here are all categories from our marketplace:

EPF Loan Shop Center


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But when we talk about bad credit. Is it a smart decision to use Buy Now Pay Later Companies, if you with low income, or/and bad credit for things that you even aren’t so necessary for you, only because you will be approved and your credit score wouldn’t be checked? Think again!

Also, bad credit loans and payday loans are totally different things. Now people with bad credit can get times cheaper loans than payday loans, even if they are with bad credit.

So for people, planning to learn more about the truth about bad credit loans, or people who plan to use them to repay their no-interest BNPL fee, we recommend reading our comprehensive bad credit loan guide or watch our video.

Watch our video first and then visit our marketplace, or if you have any questions, ask us at our help center:

So, if we have to be honest, in terms of types of loans, BNPL companies are not always the best choice. They have their advantages vs traditional personal loans, but also their disadvantages.

The main problem with these companies is that they offer relatively short types of repayments, typically people are required to repay the money in 4 payments every 2 weeks. If there is a delay, there some companies charge late fees. This situation actually puts you not in the best situation in terms of your overall creditworthiness. In the period that you repay the money, you actually significantly boost your credit risk and lower your chances of being approved on another personal loan or a credit card.


You make $1,000 per month. $500 from this money make your living. And if you go and get stuff for $2,000, which will have to be repaid in 4 installments for 2 months, you actually should pay $1,000 per month.

First of all, this loads your budget.

And if you go and apply for a loan or for a credit card in a position like this, most lenders will deny you for a reason – unpayable. You can’t be approved for a loan that costs you even $100 per month, because you can’t prove an income that is enough to pay it.

Now, let’s say what would happen if you decided to get a loan for $2,000 and to repay it for one or a few years. This will cost you a few hundred or even less than $100 per month, based on how you set your terms. In this case, you will lower your monthly payments, and first of all, you won’t have problems paying the amount and second, you will remain a low risk for lenders – you didn’t get an amount that you can’t afford to pay. And lenders will be able to provide you with another loan if you want.

And finally, here they are:

Best Buy Now Pay Later Apps and Sites 2021





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