4 ms·
If it were truly as exploitative as you're suggesting, wouldn't the aggregate consumer fees/interest be more than the merchant fees?
by solumos 1y ago
If it were truly as exploitative as you're suggesting, wouldn't the aggregate consumer fees/interest be more than the merchant fees?
- scuff3d 1y agoYou have to clear credit checks to get a credit card. Theres also generally a more involved application process (at least a little bit). The added barriers helped prevent the most financially unstable people from getting them. There's plenty of problems with the system, but at least it's more difficult for people to get preyed on by credit card companies. I see these companies like Klarna as not any better then payday loan places.
- rhetocj23 1y agoYep.