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‘Buy now, pay later’ might be driving up costs

Recent data show more Americans are using buy now, pay later plans for essentials such as groceries. The payment option splits purchases into increments and may be contributing to higher costs.

Published Jul 21, 2026, 1:12 PM EDT | LehighValleyLive

Buy now, pay later — also referred to as “BNPL” for short — is a payment option that allows for customers to pay for a product in increments.