Metro 2 Credit Reporting for Buy Now Pay Later
Report BNPL transactions to credit bureaus accurately. Help customers build credit while maintaining compliance as regulations evolve.
Challenges for BNPL Providers
High Transaction Volume
BNPL providers process thousands of small transactions daily that all need accurate reporting.
Short Payment Terms
4-payment plans and short-term financing don't fit traditional credit reporting models.
Regulatory Uncertainty
CFPB guidance on BNPL reporting is evolving, requiring flexible reporting capabilities.
Customer Expectations
Customers expect BNPL to help build credit, but many providers don't report.
How Metro2 Helps
High-Volume Processing
Handle thousands of BNPL transactions efficiently with batch processing and API integration.
Flexible Terms Support
Report 4-pay plans, 6-month financing, and custom payment schedules accurately.
Credit Building Feature
Turn credit reporting into a customer benefit that increases loyalty and repeat usage.
Compliance Ready
Built to adapt as CFPB regulations for BNPL credit reporting become clearer.
Features for BNPL Providers
1Open-End Credit Support
Report BNPL as revolving or open-end credit when appropriate for your product structure.
2Installment Plan Tracking
Track individual payment plans with proper terms duration and payment amounts.
3API-First Design
RESTful API integrates with your checkout flow and payment processing systems.
4Real-Time Validation
Validate Metro 2 data before submission to prevent rejections at scale.
Who Uses Metro2
E-Commerce BNPL
Online payment providers offering split-pay options at checkout report customer payment history.
In-Store Financing
Retail BNPL programs at furniture, electronics, and department stores track installment payments.
Healthcare Payment Plans
Medical and dental BNPL providers report patient payment plans to help build credit.
Travel and Services
Book-now-pay-later for travel, events, and services with proper credit reporting.
Compliance & Regulations
CFPB BNPL Guidance
Following current CFPB interpretive rules for BNPL as credit products.
Accurate Furnisher Duties
Meeting furnisher obligations under FCRA for accurate and complete reporting.
Dispute Resolution
Built-in dispute handling workflows per FCRA and bureau requirements.
Frequently Asked Questions
Should BNPL be reported as revolving or installment?
It depends on your product. Pay-in-4 plans are typically installment (Portfolio Type I). Revolving BNPL lines with ongoing credit limits use Portfolio Type R. Consult with credit bureaus for your specific product.
How do I handle early payoffs?
Report the account as paid (status 13) with the actual payoff date. Early payoff is positive for the customer's credit.
What if a customer disputes a BNPL charge?
Mark the account with Compliance Condition Code XD (Account in Dispute under FCRA) while investigating. Update to XE (Investigation Complete) or XF (Consumer Disagrees) once the dispute is resolved.
Do I need to report small transactions?
There's no minimum transaction size requirement for Metro 2 reporting. Many BNPL providers report all transactions to maximize credit-building benefit.
Related Industries
Launch BNPL Credit Reporting
Add credit reporting as a feature your customers will love.