What is a point-of-sale loan, and when should you get one? By: MarketWatch December 03, 2020 at 05:02 AM EST A point-of-sale loan lets you break down a purchase into a series of smaller payments, so you can buy now and pay later. Read More >> Related Stocks: Bed Bath & Beyond Footlocker Inc Gap Macy's Wal-Mart Stores, Inc.