Lounge header greyscale.jpg

Do Shopping & Deals
Yourself.

BNPL DIY

Earn cashback automatically, access coupons and score deals on your favorite brands.

 

Do shopping & deals yourself with these apps.

Screen Shot 2021-01-18 at 10.43.58 AM.pn

PayPal

Screen Shot 2019-05-18 at 8.15.59 AM.png

Empower

Screen Shot 2019-05-18 at 8.16.17 AM.png

Varo

Screen Shot 2019-05-18 at 8.16.40 AM.png

Aspiration

Screen Shot 2021-05-05 at 8.24.40 PM.png

SoFi

Common questions about shopping & deals

How are virtual credit cards different from BNPL?

ic_expand_more_24px.png

Virtual cards are offered by BNPL providers when retailers don't already accept their form of payment. The order is run as a "card transaction" but you purchase is still paid back as a BNPL loan

What happens when I need to write or deposit a check?

ic_expand_more_24px.png

Since BNPL loans are only for a fixed amount, usually less than $600, the level of credit risk for providers is minimal (compared to credit lines that revolve). So, if you fail to repay your loan, the provider can cut their losses by simply not  lending to you again.

What happens when I need to deposit cash?

ic_expand_more_24px.png

Virtual cards are offered by BNPL providers when retailers don't accept their form of payment. Your order is processed as a "card transaction" at checkout but the purchase is still paid back as a BNPL loan with the provider.

If BNPL is interest-free, how do providers make money?

ic_expand_more_24px.png

The primary way BNPL providers make money is by charging retailers a fee for accepting their form of payment at checkout, which is usually larger than the fee that credit card issuers make on a card transaction.

How are virtual credit cards different from BNPL?

ic_expand_more_24px.png

Virtual cards are offered by BNPL providers when retailers don't already accept their form of payment. The order is run as a "card transaction" but you purchase is still paid back as a BNPL loan

How are virtual credit cards different from BNPL?

ic_expand_more_24px.png

Virtual cards are offered by BNPL providers when retailers don't already accept their form of payment. The order is run as a "card transaction" but you purchase is still paid back as a BNPL loan