Deep, Deep Dive
Here’s an example of how to BNPL using Hoolah at an online shopping platform
- Select Hoolah as your payment in the check out page
- If you don’t have an account, you’ll have to sign up for one
Fill in your personal information to create an account.
- Link your debit or credit card to make the first payment and complete your transaction
Like credit cards, BNPL can be useful to spread out payments for your shopping. But because you’re making smaller monthly instalments, you may not realise how much you’ve actually committed to spending until your BNPL bill comes at the end of the month!
So, remember to keep track of what you owe and make sure you have enough money to stay on top of your instalment payments and keep your debts under control. As a guide, keep your total monthly repayments lower than 40% of your total income.