What is Buy Now, Pay Later (BNPL)?
Buy Now, Pay Later lets your clients split an eligible purchase into installments through Affirm or Klarna. You're paid the full amount upfront, and the provider collects the payments from the client over time.
Why offer BNPL
- Make bigger purchases easier. Clients can spread out the cost of things like teacher trainings, large packs, or retail.
- Get paid upfront. You receive the full amount right away, minus the transaction fee.
- No collection risk. If a client stops paying, the provider takes the loss, not your business.
How BNPL differs from Walla payment plans
|
Walla payment plans |
BNPL |
|
|---|---|---|
|
Works on |
Enrollments only |
Most one-time purchases |
|
When you're paid |
As each installment is collected |
In full, upfront |
|
Who carries the risk of missed payments |
Your business |
The provider |
|
Cost |
Standard processing |
5.99% + $0.30 per transaction |
What clients can buy
BNPL works on one-time purchases with a fixed total: retail products, appointments, non-recurring video courses, one-time packages and credit bundles, and enrollments paid in full. Memberships and anything that auto-renews aren't eligible.