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Black Friday, end-of-year holidays, new year plans – the end of the year often sees us spending more than other times of the year. Buy now pay later (BNPL) is a tempting way to make bigger purchases more affordable especially if you don’t have or don’t want access credit. But beware of the temptation to take on more than you can afford. There are no checks on this, but there are penalties if you miss your repayments. Our BNLP explainer unpacks it. #SmartAboutMoney #financialeducation #BuyNowPayLater #financialadvice

According to our recent survey, 15% of UK consumers surveyed will use Buy Now, Pay Later (BNPL) this Christmas, aligning with a growing trend towards online shopping where digital and flexible payment options are more readily accessible. Get more insights into our 2024 UK holiday shopping trends 👉 https://bit.ly/3OgQpn3

As the holiday season approaches, an interesting trend is emerging: more consumers are turning to ‘buy now, pay later’ services to ease financial pressure. This article from WWD highlights how flexible payment options are becoming essential for shoppers managing tighter budgets. For retailers, offering these services can enhance accessibility and drive sales, but it also raises questions about long-term consumer debt and financial responsibility. Is the rise of ‘buy now, pay later’ a helpful solution for consumers, or could it lead to more financial strain in the future? I’d love to hear your thoughts—are BNPL options an effective tool for today’s retail landscape, or do they pose more risks than rewards? #BuyNowPayLater #RetailTrends #HolidayShopping #ConsumerFinance #RetailInnovation #FinancialWellbeing Article: https://lnkd.in/diYfS5SJ Source: WWD

UK consumers reported being in a better financial position compared to this time last year, according to a recent Marqeta survey. While this may be true, it doesn’t take away from the demand for Buy Now, Pay Later solutions, which are still expected to be used by a generous portion of UK shoppers this holiday season. The transformation from being a necessary line of credit for UK consumers to an enhancer of the shopping experience reflects the broader movement towards new, innovative payment solutions that provide increased flexibility and convenience. British consumers today are able to utilize these solutions to take control of their financial well-being and choose the solutions that work best for them. Sharing more insights into our holiday shopping data here: https://lnkd.in/dDDUCBQG

In spite of continuing positive economic indicators, including the recent forecast by the National Retail Federation that Holiday 2024 spending is expected to grow 2.5% - 3.5% over 2023 (https://hubs.la/Q02T-7940), consumers still seem wary. They're utilizing a variety of digital tools and services to save money when they do shop. And they increasingly expect these types of money-saving tools and services from their bank. (79% respondents in our recent consumer survey said they would be more likely to install a browser extension for cashback and coupons if it was offered by their primary bank.) Get the scoop on the services driving the most value for today's savings-hungry consumers in our latest whitepaper, "Banking on Shopping Rewards": https://hubs.la/Q02T-4d_0

2024 Holiday spending is expected to reach a new record, according to the National Retail Foundation. Discover 6 tips to help you prepare for higher sales volume during the holiday season. Download our comprehensive guide to help you navigate the holiday shopping season. ➡️ https://vi.sa/4hvvBp6 #PeakSeason #Payments #Authorizenet #HolidayShopping #SMB #smallbusiness

As holiday shopping ramps up, it’s important to understand how consumers are approaching this prime purchasing time. Are they chilly about spending? What items are hot? Where will they go to shop? For the answers to these and more questions, check out the InComm Payments 2024 Holiday Report: https://lnkd.in/eTmeaCWV #retail #payments #research #consumertrends #consumerinsights #holiday2024 #holiday #holidayshopping

Hope you had a good week. Here are a couple financial highlights for this week. Holiday shopping is expected to break records this year. According to Adobe Analytics, spending in November and December is expected to reach $241B. Unfortunately, much of that spending is expected to be paid for with debt. Use of buy now, pay later (BNPL) services is surging. Holiday shoppers are expected to spend a record $18.5 billion using BNPL services this year, up 11.4% from last year. With more Americans carrying debt, BNPL is becoming a popular option to stretch out payments, particularly for electronics and beauty products. Shoppers should be wary of using credit cards to cover BNPL installments, which could create a cycle of compounding debt. The best way to limit credit card debt over the holidays is to plan ahead and start saving cash today.

During September and October, average return values reached almost 127 euros (106 British pounds) in the United Kingdom. This was a 7 percent increase from the same period last year. It seems that consumers are returning more high-value products. #ecommerce #returns

2024 Holiday spending is expected to reach a new record, according to the National Retail Foundation. Discover 6 tips to help you prepare for higher sales volume during the holiday season. Download our comprehensive guide to help you navigate the holiday shopping season. ➡️ https://vi.sa/4hvvBp6 #PeakSeason #Payments #Authorizenet #HolidayShopping #SMB #smallbusiness