It’s Layaway, But for a Post-Recession Economy
Remember layaway? That old-fashioned system of shopping, which allowed customers to pay for items over the course of several installments, has gotten a digital makeover for the modern age.
Services — from the companies Afterpay, Quadpay, Sezzle, Affirm and Klarna — are popping up at the checkout of more and more online stores, offering to help cover the cost of an online purchase by spreading out payment.
For the full article please visit: https://www.nytimes.com/2019/05/03/fashion/afterpay-quadpay-klarna-affirm.html