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People who want to refuel Last minute gifts or additional races for the holiday season will now be able to use the Affir Buy Now Pay (BNPL) option in most Walmart stores across the United States in a December 19 press release , the payment network, which allows users to buy in advance and pay over time, announced that it had concluded a new agreement with Walmart to add its BNPL method to Auto-Verifiable kiosks In more than 4,500 Walmart locations on a national scale.

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Essentially, this means that buyers will now be able to pay their Walmart purchases in store or online over a specific period of months, if they choose to pay with affirmation. The network does not charge late or hidden costs, but customers will accumulate interest To pay over time, by assertive website. This amount will be determined and explained to the cash register.

The press release did not specify if Walmart customers will have to spend a certain amount in order to qualify for BNPL - Target has a minimum of $ 100 for affirmation purchases, but he noted that buyers will also be able to pay with affirmation In the Walmart application, as well as in Walmart Vision and car centers.

"Research on recent affirmations has revealed that more than half of Americans (54%) are looking for retailers to offer a purchase option now, pay later at the cash register. In addition, we found that 76% of consumers would delay or not make a purchase without asserting, " Pat Suh , Said the Vice-President Director of Revenue of Concreim, in the press release. "The widening of our partnership with Walmart and bringing it transparent monthly pay offices to their auto-grenouet kiosks in the United States will help even more consumers increase their purchasing power during the season of Purchases of festivals and beyond. "

BNPL methods as an assertion, Afterpay and Klarna can be a life buoy when the money is tight. At the same time, financial experts urge people to walk carefully, as remuneration programs over time like these can lead to an overwhelming amount of debts, excessive expenses and, in some cases, data collection .

Speak with Scripps News ,, Steward Willis, The co-founder and co-owner of tax and retirement services on assets explained that generation Z and generation Y are likely to suffer from these programs, because they may not yet have the ability to financial planning or available income.

"The people who need it are most easily those who are most sensitive to this kind of abuse. So we don't want you to join your head," Willis told the media. "You want to have a real plan and ultimately, it is always better to pay in cash."

In relation: The financial expert warns that afterpay could lower your 100 -point credit scoring .

The terms and conditions of BNPL programs vary according to the network. Although some may offer uninteresting loans, others may charge interest but allow late payments without penalty.

In 2021, the Consumer financial protection office Turn off a report that revealed that 10.5% of BNPL users were criticized with delay fees that year. Consumer protections were also incoherent and the relief was also becoming more common. AE0FCC31AE342FD3A1346EBB1F342FCB

"Because most of them buy, subsequent lenders do not currently provide data to the main credit report companies, both buy, pay later and other lenders are unaware of the borrower's current liabilities when they take A decision to make new loans, "said the report.

Better life Contacted Walmart for more information on the BNPL option at Auto-Checkout, and if customers should be careful to use it, the concerns of financial experts. We will update this story with their answer. In the meantime, you can follow the advice of these experts by always reading the small characters and having a plan in place to repay the total in whole as soon as possible.

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Best Life offers the most recent financial information of the best experts and the latest news and research, but our content is not supposed to replace professional advice. Regarding the money you spend, save or invest, always consult your financial advisor directly.