What is BNPL?

BNPL stands for Buy Now Pay Later.

Several apps offer this:

KLARNA (pink, clever-from Sweden)




They are apps built on credit cards or debit cards, called “Ghost Cards”.

Let’s say a person wants to buy something online for $100 now but can’t afford it. These apps allow splitting the payments into $25 every 2 weeks.

Fines and credit reporting can be hefty at up to 30%.

My mantra: if you think in monthly payments, you will always have them.

Image screencap from Klarna app


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