Retail Loves the New ‘Buy Now, Pay Later’

$PayPal(PYPL.US)$ last week said it was buying Japanese installment payment startup Paidy, following Square’s $29 billion deal for Afterpay, and Macy’s and Bed Bath & Beyond have added the option at checkout. Amazon is doing it, too.Buy-now-pay-later companies say they can approve more customers than banks. Their installment plans are safer, they say, because they are often smaller than credit-card spending limits and approved on a per-transaction basis.
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From WSJ