4 ms·
How do you "get screwed" if someone else uses BNPL? The connection isn't clear. FWIW, there is an argument that cash users "get screwed" because merchants set
by __derek__ 4y ago
How do you "get screwed" if someone else uses BNPL? The connection isn't clear.
FWIW, there is an argument that cash users "get screwed" because merchants set prices with enough margin to cover credit card transaction costs. Those costs are what pay for your protections and cash back. Merchants may offer cash discounts, but they're not obligated to.
- senttoschool 4y ago>How do you "get screwed" if someone else uses BNPL? The connection isn't clear. If the government has to do a bail out of the BNPL industry or derivatives of it, they're going to use my tax dollars. They could also lower interest rates again, which may or may not hurt me. They could also raise tax rates to pay for the bail out. 2008 was a transfer of wealth from the poor to the rich.