Buy Now, Pay Later Plans Help Parents Stock Up on Back-to-School Necessities

Buy Now, Pay Later Tracker® - September 2021

Parents are poised to spend an average of $850 on school supplies as their children head back to class after a year of lockdowns and learning from home. In the “Buy Now, Pay Later Tracker®,” a PYMNTS and Afterpay collaboration, John Caskey, VP of technology at art supply retailer Arteza, says installment payment plans are taking the sting out of back-to-school buying.

Inside the September Tracker

An interview John Caskey, vice president of technology for online art supply store Arteza, regarding how BNPL is helping make back-to-school purchases more affordable for consumers
Recent headlines from the space, including why 27% of U.S. millennials and Generation Z customers report using installment payment plans in June and why 49% of Indonesian consumers plan to expand their use of BNPL in the future
An in-depth analysis of how merchants can utilize their partnerships with BNPL providers for marketing and data-driven purposes, as well as to grow customer conversion and loyalty