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The hottest holiday shopping trend? Buy now, pay later

Dec 4, 2023
Online shopping financed with buy now pay later services hit $940 million on Cyber Monday, an all-time high.
Online shopping financed with buy now, pay later services hit $940 million on Cyber Monday, an all-time high.
Mark Makela/Getty Images

Buy now, pay later services replace layaway

Jan 10, 2022
Services like Affirm and Klarna charge interest for allowing consumers to pay for their purchases in installments.
Layaway has become a relic of retail's past.
Brandon Bell/Getty Images