Fees and payouts · Rookie
Buy now pay later
Also searched as: BNPL, pay after passing, pay after you pass, pay when you pass, deferred challenge fee
What does Buy now pay later mean?
Buy now pay later in prop trading is a fee model that defers part or all of the evaluation price until a stated milestone, often passing the challenge. An initial entry fee may still apply.
Example
A hypothetical challenge costs $10 to start and another $190 after passing, making the total $200 before any other charges.
Illustrative example; not a provider’s quoted offer.Why it matters for prop traders
Check the full payable amount, payment deadline and funded-stage rules. Provider-deferred fees differ from a third-party installment loan, whose repayments may remain due even after a failed challenge.
Sources and further reading
The following primary sources support the terminology. Provider rules describe their own products and may change.