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In the text there are no benefits for the borrower/consumer outlined. BNPL is basically just a scam to lure in people to use this easy option to pay and then ch
by flakeoil 1y ago
In the text there are no benefits for the borrower/consumer outlined. BNPL is basically just a scam to lure in people to use this easy option to pay and then charge them late fees and interest once they forget one of their bills. It's not even convenient (except at checkout) because you will get a bill to pay down the line and that's not convenient to pay.
- roland35 1y agoI do not think it's quite this nefarious... They make most of their money from the merchants. The argument being, hey customers who use our BNPL spend more money. Now, that also doesn't sound great honestly!