Despite the benefits, merchants must weigh the costs and operational changes:
: Highly favored by younger demographics (Gen Z and Millennials), focusing on interest-free biweekly payments . shopify buy now pay later
: BNPL transaction fees typically range from 1.5% to 7%, which is higher than standard credit card processing. Despite the benefits, merchants must weigh the costs
: High upfront costs are a leading cause of abandoned carts. Merchants using BNPL options have reported cart abandonment reductions of up to 28% . Despite the benefits
: By making expensive items more accessible, BNPL can boost overall conversion rates by 20% to 30% . Popular BNPL Providers for Shopify