2 ms·
> people simply can't comprehend that 4 payments of $X adds up to 4x Are you implying that someone is paying four times what they normally would for a purchase
by kolanos 4y ago
> people simply can't comprehend that 4 payments of $X adds up to 4x
Are you implying that someone is paying four times what they normally would for a purchase with BNPL? Or are you saying that someone can't figure out that four payments of $25 is $100?
- Manuel_D 4y agoThe link I posted said the latter, people didn't understand that 4 payments of $25 costs the same as $100.
- MandieD 4y agoFour payments of $25 might be instantly recognizable as $100, but quick, what are four payments of 37.74? If you aren’t good at mental math and are already primed to rationalize this impulse buy, your mind might go to “about $120” rather than “somewhat but not a lot less than $160” (or like us nerds, “37.5 is half of 75, which is half of 150, plus about .25 times 4 - $151!”) Their minds are probably more in the “oh, I can swing a bit more than $30 a month for a couple of months to get that sweet pair of sandals” place, though. And they’ve slotted the $28/month for the purse as “$20-something”.