Buy Now Pay Later: Where to find Black Friday and Cyber Monday deals in 2020

By Polly Fleeting ·

It’s November and you know what that means - sales! 

In fact, Black Friday and Cyber Monday are just two weeks away, coming on the 27 November and 30 November. 

For many shoppers, they’ll be turning to Buy Now Pay Later (BNPL) as a payment option for the range of discounted items on offer. These platforms allow shoppers to make purchases upfront at no cost, and then pay back what they owe in the form of interest-free installments. 

In Australia there are a bunch of BNPL providers, including Afterpay, Zip, Klarna, Humm, OpenPay and Bundll. 

“Buy Now Pay Later could be an interest-free option for Aussies looking to snag a deal this Black Friday, leading up to Christmas,” Mozo Director, Kirsty Lamont says. 

“However it’s all about being responsible. If you opt to use Buy Now Pay Later during these sales, ensure you are fully equipped to pay back each instalment on what you buy to avoid late fees and spiralling into debt.”   

What’s the difference between Black Friday and Cyber Monday? 

Black Friday and Cyber Monday bookend the last weekend of November - but what sets them apart? 

Well, traditionally, Black Friday is an American tradition that has been adopted here in Australia. It is the Friday immediately following Thanksgiving where many stores, both online and physical, have sales to kick-off the Christmas shopping season. 

On the other hand, Cyber Monday is an online-only set of sales from digital retailers that falls on the Monday following Black Friday. Customers using BNPL on Cyber Monday will only be able to access discounts using the online option.  

So where can I use Buy Now Pay Later? 

While many retailers have yet to announce their Black Friday or Cyber Monday sales, we’ve rounded up some of the big brand names that allow customers to use BNPL.

RETAILERBUY NOW PAY LATER SERVICES
Amazon- Zip
- Bundll
ASOS- Afterpay
- Klarna
- Bundll
Big W- Afterpay
- Zip
Bing Lee- Afterpay 
- Zip
- Humm
Bunnings- Zip
- OpenPay
Catch.com.au- Afterpay 
- Zip 
- Bundll
Cotton On Group- Afterpay 
- Zip 
- Klarna
- Humm
David Jones- Afterpay
Dick Smith- Klarna 
- OpenPay
Kmart- Afterpay
- Zip
Kogan.com- Afterpay
- Zip
- Klarna
- OpenPay
MECCA- Afterpay
Myer- Afterpay
- Humm
Officeworks- Afterpay 
- Zip
Sephora- Afterpay
- Bundll
Target
- Afterpay
- Zip
The Iconic- Afterpay
- Bundll

Tips for using Buy Now Pay Later this Black Friday  

While Buy Now Pay Later can be a handy tool to spread the cost of your Black Friday and Cyber Monday spending, it’s important to use it within reason. 

Here are some tips: 

  • Don’t go overboard. Remember, BNPL isn’t free money and you will have to repay the money you spend. So ensure you don’t go crazy and only buy the things you really need and love. Do you really need a new TV if your current one works just fine? 
  • Set yourself a budget before you shop. Make sure to write down or keep a mental note of the amount of money you want to spend. When using BNPL consider the full price and ensure it fits within your budget. You don’t want to be caught out with multiple repayments that you can’t afford. 
  • Use one platform. While it might be tempting to sign up for a few different BNPL providers to access a larger range of retailers, this may not be a good idea. It is easy to lose track of how much you buy if you are using different services, so stick to one - your finances will thank you for it. 

RELATED ARTICLE: Buy Now Pay Later spending is set to double by 2023 

Want to find out more Buy Now Pay Later news? Head to our Fintech hub.

Polly Fleeting
Money writer

Polly Fleeting is a personal finance writer here at Mozo, specialising in loans and credit cards. Her work is aimed at helping people find ways to make smart product choices, reduce debt and get more for their hard-earned dollars. Polly has a degree in Journalism from the University of Technology, Sydney.