[Podcast] The Benefits of Using ACH for Buy Now, Pay Later

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Buy Now, Pay Later (BNPL) has exploded over the past year as a payments method. Although the general concept is not particularly new – buying items “on layaway” was popular for decades after the Great Depression, and installment lending was the most popular form of credit prior to 1977 – BNPL has recently seen a massive resurgence, no doubt in part due to the financial uncertainty brought on by the COVID-19 pandemic.

As with any payments method that operates on some form of point-of-sale credit, the primary concern for merchant adoption of BNPL is ensuring that purchases are consistently repaid. One potentially overlooked method is the Automated Clearing House (ACH) Network.

In a recent podcast interview with PaymentsJournal, Nacha’s Brad Smith discusses the benefits of ACH for BNPL repayment

To learn more, read the article or listen to the podcast. 

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