Ah, the allure of scoring the latest tech gadgets without draining your bank account. And with the popularity of buy-now-pay-later (BNPL) services like Afterpay, most Best Buy savvy shoppers wonder whether Best Buy takes Afterpay.
If you're looking to checkout with Afterpay at Best Buy, you may be a little disappointed because Best Buy does not take Afterpay as a payment method—at least for now.
Table of Contents
Why Doesn't Best Buy Take Afterpay?
While Best Buy hasn't released an official note as to why it doesn't take Afterpay, there's much reason to believe that Best Buy is looking to focus on its own financing option, Best Buy Progressive Leasing.
Best Buy Progressive Leasing is a lease-to-own program provided by Prog Leasing, LLC, that allows you to purchase select items at Best Buy and pay for them over time in smaller installments—which is typically what you get with using Afterpay. But there are some key differences and benefits you get when using Best Buy Progressive Leasing—which is why the retail giant is looking to expose this payment option to its customers.
These key benefits include:
- No credit needed: Anyone can apply, regardless of credit history. Approval is based on other factors like employment and income.
- Quick and easy application: The application process takes just a few minutes and can be completed online or at a Best Buy store. You receive an instant decision upon completion.
- Flexible payment options: Choose weekly, bi-weekly, or monthly payments to fit your budget.
- Ownership in 12 months: Upon completing all payments, you own the product outright.
- Early purchase option: Pay off the remaining balance early and own the product sooner, with possible additional fees.
What Other Payment Methods Does Best Buy Accept?
While Best Buy does not take Afterpay at the moment, it does accept many other payment methods.
Payment methods accepted at BestBuy.com:
- My Best Buy® Credit Card
- My Best Buy Visa® Card
- Best Buy Gift Cards
- My Best Buy reward certificates
- Visa
- MasterCard
- American Express
- Discover
- PayPal
- Zip
- Progressive Leasing
- Best Buy Business Advantage card
- Pay With Points
- Diners Club
- JCB
Payment methods accepted at Best Buy stores:
- My Best Buy Credit Card
- My Best Buy Visa Card
- Best Buy Gift Cards
- My Best Buy reward certificates
- Visa
- MasterCard
- American Express
- Discover
- PayPal
- Apple Pay
- Progressive Leasing
- Best Buy Business Advantage card
- Vendor coupons
- Diners Club
- JCB
- Personal checks, business checks, or cashier's checks
- Cash
The Future of Afterpay at Best Buy
While Afterpay isn't an option at Best Buy right now, there's a chance things could change in the future. As BNPL continues to gain popularity, and consumer demand for flexible payment options grows, Best Buy might reconsider its stance.
Here are some signs to watch for:
- News of a potential partnership: Keep an eye out for official announcements from either Best Buy or Afterpay.
- Changes in Best Buy's payment options: If they introduce new BNPL partners or expand their existing financing options, it could be a sign they're moving towards a more flexible payment ecosystem.
Final Thoughts
For now, you'll have to find alternative ways to finance your Best Buy purchases. But stay informed, because the future of BNPL at Best Buy could be brighter than you think. Remember, responsible borrowing is key to financial success, regardless of the payment method you choose.
So, tech enthusiasts, keep your eyes peeled, your budgets prepared, and your fingers crossed! The answer to the Afterpay-at-Best Buy question might be just around the corner.
Happy shopping!
P.S. Share your thoughts on whether you'd like to see Afterpay accepted at Best Buy in the comments below! Let's discuss the future of retail payments and how they can benefit tech-savvy consumers like you.