Dive Brief:
BJ's Wholesale now allows shoppers to pay for purchases valued at more than $99 via Citizens Pay, a buy now, pay later payment option, the retailer announced on Thursday.
The retailer will offer the service on its website for delivery, curbside pickup and buy online pick up in-store orders, the company said. Members can leverage Citizens Pay to finance products ranging from appliances and furniture to everyday essentials.
Members can apply for a monthly flat rate loan and pay in installments for three, six, 12 or 24 months, per the announcement.
Dive Insight:
The pandemic and economic uncertainty have put consumers' personal finances on the edge, which has driven demand for alternative payment options in retail through services like Klarna and Afterpay.