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The Afterpay application login page arranged on a smartphone, Aug. 3, 2021. Brent Lewin/Bloomberg via Getty Images(NEW YORK) The Buy Now, Pay Later (BNPL) trend, a significant shift in shopping habits, emerged as a game-changer during the recent holiday season. It broke records and offered customers a refreshing alternative to traditional methods of making large purchases.The BNPL payment option generated $16.6 billion in online sales during the 2023 holiday season. The method allows shoppers to purchase products in installments instead of paying the full amount at once. Thus, you can get the product immediately and pay it off over a fixed period.With the BNPL trend, consumers have the freedom to pay finance companies such as Affirm, Klarna, or Afterpay over a fixed period. These are essentially installment loans but with a twist.BNPL programs typically offer short-term loans with fixed payments, no interest, and no additional charges, giving you the financial freedom to make tho ....

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