BNPL Definition.

Buy Now, Pay Later: split payment (3 or 4 installments) or deferred payment offered at checkout, provided in France by Alma, Klarna, Oney, and Floa. Long outside the scope of consumer credit because its term is under 90 days, BNPL is brought into scope by the revised Consumer Credit Directive (EU) 2023/2225, now being transposed (deadline November 2025, application in 2026). The model relies on a high merchant fee (1.5% to 4%) in exchange for a higher average order value.

See also

→ Deferred debit→ Fraud scoring

Where this term appears

GuideMerchant, acquirer, PSPGuidePayment schemesGuideFrench fintech: an overviewGuidePayments in GermanyGuidePayments in the Netherlands and BelgiumGuidePayments in Germany, Austria, and SwitzerlandGuidePayments in Central and Eastern EuropeGuidePayments in ItalyGuidePayments in the Nordic countriesGuidePayments in the UKGuidePayments in SwedenGuidePayments in Turkey

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