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I am surprised to see Apple getting into the "buy now, pay later" game, as it's always seemed like a murky industry that works by exploiting poor people who are
by cal85 4y ago
I am surprised to see Apple getting into the "buy now, pay later" game, as it's always seemed like a murky industry that works by exploiting poor people who aren't very good with money, and not something I'd expect Apple to want to be associated with. Can anyone steelman it for me? Is there a way of looking at this industry/practice other than "exploitative and predatory"?
- tantalor 4y agoFrom the press release: > [users want] flexible payment options Being able to spread some large purchase over multiple pay periods seems like a obvious use case.
- kzrdude 4y agoCredit cards are commonplace, aren't they? They offer buy now, pay later any consumer product already. But sure, it's exploitative, they want a piece of that already existing cake.
- jonfw 4y agoWhen businesses buy now and pay later, it’s smart business. When consumers do it, they’re being taken advantage of?
- deleted 4y ago[deleted]
- MagicMoonlight 4y agoA credit card lets me delay payment for a month otherwise it’s 30% interest. These schemes let me delay for multiple months for free otherwise it’s 8% interest. It’s 1000% better