Summer camps, sports leagues and child care programs are taking advantage of the buy now, pay later service to help families foot the often big bills.
service has increasingly been implemented across the retail industry, letting customers pay for items in interest-free installments.
But Passalaqua projects this technology will continue serving more niche markets, like summer camps, which can have very high average tickets ranging in the thousands of dollars. Demand for this service started to grow over the past year due to the uncertain economy and the availability of this technology. However, in January and February, Passalaqua witnessed a significant uptick in people using the service for summer programs or camps.
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