“Revolut has chosen to pilot a new ‘buy now, pay later’ credit service in Ireland beginning this week. Traditional retailers have been offering customers the option to pay for furniture and white goods in instalments for years. Now, the service has been extended online and dubbed “buy now, pay later”. The cost and interest rates when using the service vary from provider to provider. Revolut has said its “Pay later” service will charge a fee of 1.65% per purchase, which is repaid as part of the final two instalments.”