MILLIONS of shoppers now use buy now, pay later services.
Unlike traditional borrowing, such as credit cards, BNPL is interest-free.
But it does have risks, as many providers are unregulated, which means shoppers do not get the same level of protection as with other forms of credit.
Charities and experts warn that some customers can end up in unaffordable debt and today we look at the industry – and the dangers shoppers face in the run-up to Christmas.
KLARNA, Clearpay and Laybuy are the main providers. Klarna lets shoppers pay for items in full up to 30 days later, or split it into three interest-free instalments.