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M&S to supply ‘buy now pay later’ service with Clearpay

Tuesday, January 21st, 2020

M&S to supply ‘buy now pay later’ service with Clearpay

On the web shoppers should be able to stagger re re payments interest-free over six days

Marks & Spencer will offer you shoppers a brand new method to pay money for garments and homeware online with Clearpay, a ‘buy now spend later’ solution that lets you disseminate payments interest-free. But should you utilize it?

M&S has already established a tough 12 months after crashing from the FTSE100 in September and previously this week unveiled earnings had slid 17% in the 1st 50 % of the monetary 12 months because of bad clothes and house product product sales.

To balance its publications M&S is making a variety of modifications, including cutting stores, providing M&S meals online and giving online shoppers the capacity to spend by instalments.

Nevertheless, while no interest is charged by Clearpay, you will find charges in the event that you miss a payment it will affect your credit score if you fail to pay on time and.

Right right Here we explain exactly just exactly what Clearpay is, the way the brand new re re re payment choice is wonderful for M&S shoppers and set out of the dangers for the short-term borrowing. (more…)