TWO MINUTE QUIZ: BNPL - BUY NOW PAY LATER

HOW MUCH DO YOU KNOW?

How much do you know about BNPL (Buy Now Pay Later)? Take the following quiz to find out!

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* 1. True or False – BNPL loans are also known as BNPL financing or BNPL services.

True

False

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* 2. When using BNPL as a payment method for a purchase, you will have to:

Provide personal information

Prequalify through a credit check

Sign up for a loan with the BNPL company

Agree to the BNPL company’s terms of service or service agreement

All of the above

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* 3. True or False –All BNPL agreements and policies are the same.

True

False

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* 4. True of False – If you want to make a refund on a BNPL purchase with a retailer, the BNPL company will help you with the refund.

True

False

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* 5. True or False – BNPL loan terms and conditions may depend on your personal credit profile.

True

False

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* 6. What information and/or documents should you review before using BNPL as a payment option?

The fine print on the BNPL’s company website

All agreements and policies with the BNPL company

The fine print on the retailer’s website

The fine print during the retailer’s checkout process

All of the above