💹 Fintech & Capital Markets · Flowchart
Buy Now Pay Later Checkout
How a Buy Now Pay Later option decides at checkout whether to approve a shopper and splits the purchase into instalments.
Drawing diagram…
What this diagram shows
- The credit decision happens in seconds at checkout
- The merchant is paid in full upfront
- Missed instalments trigger reminders, then a late fee
Prompt used
BNPL flowchart: at checkout the shopper chooses Pay Later and verifies their mobile number with OTP. The BNPL provider checks the shopper's credit limit and fraud risk. If approved, the order is confirmed, the merchant is paid in full minus a fee, and the shopper repays in 3 monthly instalments via UPI autopay. Missed instalments get reminders and then a late fee.
Mermaid code
flowchart TD
A[Shopper chooses Pay Later] --> B[Verify mobile with OTP]
B --> C[Check credit limit and fraud risk]
C --> D{Approved?}
D -->|No| E[Show other payment options]
D -->|Yes| F[Confirm order]
F --> G[Pay merchant in full minus fee]
F --> H[Create 3 monthly instalments]
H --> I[Set up UPI autopay]
I --> J{Instalment paid on due date?}
J -->|Yes| K[Next instalment]
J -->|No| L[Send reminders]
L --> M[Add late fee after 3 days]
K --> N[Plan closed after last payment]Related templates
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