Online Shopping Exposé: Why BNPL Is Your Retail Secret Weapon

Extra, extra, read all about it! We’re about to reveal the best-kept secret of online shopping. That’s right: you’re reading the exclusive exposé of the shopping sensation that is rocking the nation. We’re talking about BNPL or buy-now-pay-later.

If you’re a habitual online shopper (we see you!), then you’ve definitely come across this funky-looking term before. BNPL is shrouded in some mystery, which can make it feel a little sus. Will it negatively affect my credit score? What can I buy using BNPL? Is it really interest-free?

Fear not. Payflex is here to clear up any misconceptions. Our article is the thorough, no-nonsense guide to BNPL that you need to understand this handy payment option for online shopping. We’re giving you full transparency so that you can make an informed decision about how to make your money work for you.

What is BPNL?

We’re so glad you asked!

You’ve likely picked up by now that BNPL stands for buy-now-pay-later. This term is pretty self-explanatory, actually. With BNPL, you do your online shopping now and pay for your goods later. BNPL splits your total purchase into a series of equal instalments, with the first one due right there at checkout. The remaining payments are billed to your debit or credit card until the purchase amount is paid in full.

It’s a kind of short-term financing which allows you to take home what you need immediately but gives you a little more time to pay for it. Most BNPL services opt for the four-part model in which you, the consumer, pay for your purchase in four, equal instalments, usually over a fixed period of time.

There’s gotta be a catch: what are the hidden fees of online shopping with BNPL?

None. Zip. Nada. 

Well, that is if you’re doing your online shopping with Payflex. More on that later.

Broadly speaking, BNPL providers do not charge any fees to the consumer for their services. Some BNPL providers charge interest fees and/or late payment fees. Even then, though, these interest fees are often lower than that of other credit facilities. Furthermore, the late payment fees are often capped. So, you’re not carrying a balance indefinitely.

So, what is it like to Pay Later with Payflex?

Gosh, we’d love to tell you! When you checkout with Payflex, you’ll pay 25% of the total value of your goods upfront. That’s your first of four instalments. Then, your goodies are delivered right to your door by the merchant you bought them from, and the remaining three instalments are charged on the debit, credit, or cheque card that you registered with your Payflex account. These instalments will be paid over a fixed period of six weeks.

Go on, sign up for Payflex and try it for yourself, right now!

Depending on how you time your purchases, this method essentially allows you to split one purchase over two paychecks. It just gives you a lot of breathing room to buy the things you love and need when you’re online shopping. Stressed about the strain of buying tons of Christmas presents on one salary? Payflex melts away that stress by allowing you to spread the load of these kinds of costs over more time.

Here’s the bottom line: there are no interest fees when you pay with PayflexSix weeks, four instalments, zero interest. Those are the numbers we live by. If you have more burning questions about the nitty-gritty details of using Payflex to shop online, you can flick through our detailed FAQs.

BNPL and online shopping: a match made in heaven

BNPL has actually been around for years, but it’s kind of exploded with the massive growth of eCommerce activity that accompanied the pandemic. We all remember it, right? Being stuck at home, ordering anything from groceries to brand-new refrigerators online.

Well, online shopping is here to stay! We think it’s fabulous news. What could be better than skipping queues, understocked stores, and rapidly climbing fuel prices to buy something in person when you could just click and have it delivered to your doorstep. Boom.


At the end of the day, BNPL is your secret weapon for slaying your online shopping without breaking the bank. And, when you do it with Payflex, you’ll be doing it interest-free. Take it from us: this is shopping. Take home the things you love and need today. Pay for them later. Easy peasy!