M&S to supply ‘buy now pay later service that is Clearpay

M&S to supply ‘buy now pay later service that is Clearpay

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

Marks & Spencer will offer shoppers a brand new method to pay money for clothing 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 revealed earnings had slid 17% in the first 1 / 2 of the economic 12 months compliment of bad clothes and house product product sales.

The ability to pay by instalments to balance its books M&S is making a range of changes, including cutting stores, offering M&S food online and giving online shoppers.

But, 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.