#BNPL / JetBlue Teams With MarcusPay To Launch Fly Now, Pay Later Option

JetBlue customers can book flights now and pay for them later without using a credit card. The New York-based low-cost carrier has partnered with Goldman Sachs’ MarcusPay to offer a no-fee, no deposit, fixed-rate installment loan option for ticket buyers…

In April, JetBlue and Goldman Sachs launched MarcusPay to allow users to spread out vacation-package debt across monthly payments, and the companies have now made MarcusPay available for flights in addition to vacation packages. Marcus, the online-only consumer banking and lending arm of Goldman Sachs, offers personal loans with no late fees of up to $10,000, with rates ranging from 10.99 to 25.99 percent at terms from 12 to 18 months…

[JetBlue:] “Customers lock in a fixed rate and the opportunity to pay over time, removing some of the hassle and added costs of planning a vacation.”

Last month, Goldman Sachs reported its second quarter (Q2) had the best earnings in nearly a decade as its reliance on trading and investment banking paid off…

[Octavio Marenzi, CEO of capital markets consultancy Opimas:] “Goldman’s earnings this quarter were too good, almost indecent, in fact…”

https://www.pymnts.com/travel-payments/2020/jetblue-launches-fly-now-pay-later-option/#:~:text=JetBlue%20customers%20can%20book%20flights,ticket%20buyers%2C%20the%20companies%20announced.