What is Buy Now, Pay Later?

Payment MethodsAlso: BNPL

Buy Now, Pay Later

A checkout option that splits a purchase into installments, with the provider paying the merchant up front and collecting from the customer over time. BNPL can raise conversion and average order value when it fits your audience.

BNPL shifts some collection risk off the merchant and can boost sales, but availability for high-risk categories varies — so it is worth confirming fit before you build around it.

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Related terms

Payment Methods

Digital Wallet

A mobile or online service that stores tokenized payment credentials for fast, secure checkout. Offering wallets can lift conversion — especially on mobile — because they reduce typing and add device-level authentication.

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Approvals & Underwriting

Average Ticket

The typical dollar amount of a single transaction, calculated as total volume divided by transaction count. Underwriters use it to set expectations — a sudden jump above your stated average ticket can trigger a review or hold.

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Payment Methods

Card-Not-Present

A transaction where the card is not physically presented — online, over the phone, or in-app. CNP sales carry higher fraud and chargeback risk than in-person sales, which is why they rely on fraud tools like CVV, AVS, and 3-D Secure.

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