Retailers Introduce New “Buy Now, Pay Later” Payment Plan to Consumers.
CFO Jennifer Vartanov explained to guest host David Asman, a longtime Fox Business and Fox News anchor, that options like “Buy Now, Pay Later,” have helped many companies recover from the economic distress caused by the COVID-19 pandemic. Additionally, Vartanov added, that consumers and businesses alike are in favor of payment options – especially when compared to “layaway” payment plans and other payment programs that place a burden on the business owners.
According to recent reports, large retailers like Wal-Mart are joining the movement and trying out the process. To watch Jennifer Vartanov’s appearance on Fox Business, click here, and learn what Jennifer’s thoughts are on this payment process and what it means for the American economy.