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How is a zero-interest payment plan loan shark-esque? Total late fees appear to be capped at the lesser of 25% or $68, which also seems less predatory than any
by wonnage 5y ago
How is a zero-interest payment plan loan shark-esque? Total late fees appear to be capped at the lesser of 25% or $68, which also seems less predatory than any credit card.
- phist_mcgee 5y agoBecause it is integrated POS, and is even more frictionless than credit. You don't need a credit check, you can sign up to many BNPL providers at once, and you are presented with options in store and online to buy with 'x' right now and not pay a cent. It drives impulsive spending behaviours. It is all bad.