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How is that so?

• lotsofpulp 5y ago
  Nobody lends money for free: https://techcommunity.microsoft.com/t5/articles/introducing-buy-now-pay-later-in-microsoft-edge/td-p/2967030 https://techcommunity.microsoft.com/t5/articles/introducing-... > shoppers break their purchases into equal installment payments, often interest-free, which can allow shoppers to get their purchase upfront, instead of having to wait until it’s paid in full. From the commenter JennaScout on the same page: > Looks like you neglected to mention the $4 flat fee in the article? >On a $35 purchase, that's 11% of the purchase cost spread over one month. Annualized, that's an astounding 250% APY. Even the most predatory credit cards top out at around 40% APY. >All you've done is just baked predatory loans into your browser. Honestly, you should be ashamed.
  • foldr 5y ago
    >Nobody lends money for free: Sure they do. Get a credit card with 0% interest on purchases and pay the balance before the interest free offer period expires. In many cases these cards to not charge any fee associated with the purchase. I understand that the credit card company will still make a profit in many cases – even when they don't manage to collect any interest or fees. But the loan is free from the cardholder's point of view.