Buy Now Pay Later Guide

A few traditional retailers like Littlewoods and Argos have been offering them here for years. We avoid these because there can be high interests if the full amount isn't paid on time.

 

Klarna lets you get buy now pay later two different ways. They offer buy now pay later directly with nearly 40 Irish retailers. Klarna is an option at the online checkout at these merchants. As a customer you can choose to pay in three instalments with no fees or interest charged if you make your payments.

 

The Klarna app lets you pay in three instalments at thousands of websites. The app lets you search for countless retailers. When you click through to your retailer website of choice you will be given the option to pay in 3 instalments using Klarna. If you've not already used Klarna. If you pay the instalments on time you won't be charged a fee.

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Revolut Pay Later also lets you split the cost of a purchase into three instalments with first instalment paid upfront. A 1.65% fee per purchase is added. So for a €100 purchases you would pay a €1.65 fee.

 

Humm (formerly Flexi-Fi) is the largest-scale provider of point with over 700 retailers including Woodies DIY, Samsung and Harvey Norman offering BNPL:

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Humm's plan types differs by merchant. Typically lower purchases attract no fees or interest with fees added on higher purchases. Some merchants offer a number of  options for example Harvey Norman offer:

• ​No interest ever on purchases up to €499.99: pay 20% upfront and the remainder in fortnightly payments over 8 weeks. No fees or interest.

• Low interest on purchases between €500 and €999.99 with €43.68 in fees and interest over 12 months. In total it would cost you 4.4% more than buying upfront.

• Two options were you can spread payments out over 2 or 3 years. Based on Harvey Norman’s website, once interest and fees are added, these options add between 5.5% - 8% to the upfront price.

 

These require credit approval, so read the terms before applying!