Gucci Buy Now Pay Later

Everyone deserves a little luxury in their life. We help you achieve that luxurious status by sharing the best buy now, pay later payment options for your favorite designer brands from reputable online retailers. Stay fabulous!

gucci buy now pay later

Buy now, pay later financing is emerging as a popular alternative to traditional loans and credit cards. Among those who have utilized this financing option, most are frequent customers, as 62% have utilized buy now, pay later financing five or more times. About 4 in 5 (81%) shoppers who have utilized buy now, pay later financing are likely to use this service again.

Having the option to break up their purchase into smaller payments also leads consumers to overspend. Two-thirds of consumers said they typically spend more using buy now, pay later than they would if they had to front the money at the time of purchase.

Nearly 70% of those who have used a buy now, pay later service did so to purchase a designer item, such as a Gucci belt or Louis Vuitton handbag. Of that group, about half have even done so multiple times.

Buy now, pay later is most popular among shoppers 40 and younger. Fifty-nine percent of Gen Z shoppers (ages 18 to 24) have used a buy now, pay later service at least once, compared with 47% of millennials (ages 25 to 40), 28% of Gen X shoppers (ages 41 to 55) and 9% of baby boomers (ages 56 to 75).

Younger shoppers are also less likely to view buy now, pay later agreements as a form of debt. Just 38% of Gen Z shoppers believe this, versus 53% of millennials, 62% of Gen X shoppers and 68% of baby boomers.

The fintech companies behind Klarna and co are well established in the ecommerce space, and over the past three years, have seen some impressive growth. Many BNPL systems really came into their own during the Covid-19 pandemic, when disposable income took a hit thanks to ongoing lockdowns and furloughing schemes and in 2021, 60 percent of consumers globally were thought to have used a buy now, pay later system to pay for goods and services. 041b061a72