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I'm really curious to know what the typical percentage of sales come from BNPLs, if even in a specific industry. I also did my own quick research to find out ho
by dqv 5y ago
I'm really curious to know what the typical percentage of sales come from BNPLs, if even in a specific industry. I also did my own quick research to find out how e.g. Klarna made money and was surprised at how much higher the cut is they take vs cards. But it makes sense since a lot of people probably use cards to pay the BNPL provider.
Another thing for users: BNPLs help you build up your credit. If you have a credit card that only has a limit of $200 and you want to buy something for $250, you can use the BNPL option and pay down the credit card each time the charge posts. You create a payment history. Europeans, I know this all sounds ridiculous to you, but we just love credit over here in the US.
- blinker21 5y agoFrom my experience in the finance dept of a few large Australian apparel retailers, I see BNPL sales from online at around 35% of sales dollars and in the brick & mortar stores around 1-3% of sales dollars.