Buy Now, Pay Later, abbreviated as BNPL, is a mode of payment that is used frequently by businesses to make purchases in real time. This payment mode provides buyers with a breathing space when making payments for their favorite products and services at a slight premium. Despite its benefits, certain mistakes made while using the payment mode can hinder the buying experience for many. Let’s look at some mistakes that one can avoid while using BNPL: Not reading the fine print The “Buy Now, Pay Later” plan seems sweet and harmless on the surface, but people and businesses may make the cardinal mistake of not reading the terms and conditions of the payment offered. These terms and conditions mention the purchase limit and interest rates, among other key details regarding the BNPL offer to their clients. When clients go ahead and use the scheme without reading the fine print, many of the things they blindly “accept” on the page can be turned back and used against them in case they default on payments or make any other mistake as per the fine print. Overspending Most people who opt for a BNPL scheme for the first time tend to go overboard and spend a lot more than they are accustomed to.