I mean, even if it was 1 in 10 people that would still be like 30 bucks each. Most of those buy now pay later plans are interest free anyway.

Man, say what you will about credit cards, but at the very least with many of those you get rewards of some sort. BNPL is just the consumer version of the payday loan; you get nothing but the scam.

I wonder what would happen if everyone suddenly stopped being in debt. Really wish people would just stop feeding the beast.

The banks and shareholders are delighted.

Paypal had a 20% cashback thing going on when you use BNPL. I'm sure that contributed.

It's fucked but with a charitable view, I can see some logic.

For all the nonsense, there are a handful of good deals on the Friday/Monday. If I were living paycheque to paycheque, seems like a bnpl scheme could let me budget say, November to February for christmas gifts, interest free unlike a credit card.

That being said, that's the theory. I imagine a lot of folks end up in over their heads much like credit cards etc.

What's the difference between this and credit card debt?

How does buy now pay later compare to credit cards. Like everyone used to have those, have they given out less, or is that staying the same/more?

Cyber Monday is funny because it started with people buying things at work so it wouldn’t show up in their shared computers’ browser history, and now it’s like a whole made-up thing

So last year there was 40 million less in consumer debt generated over the shopping days? Am I mathing that right?

I do know that while I was getting all the family Christmas shopping done with Black Friday I saw a few buy now pay later offers. Most prominent was Pay Pal. The offer was if you use their buy now pay later feature with zero interest, they give you 5% in PayPal cash (whatever that means). I saw it several times, so I figure people were jumping on that

We are a sentient ponzi scheme.

When I was younger and was just freshly moved out, I used BNPL 0% interest a lot (iirc it was Newegg, was like 15 years ago). It was kind of necessary to get a computer and I had just got an RA contract that paid stipends monthly, guaranteed for 5 years.

If you already have money and can get 0% interest, you can reinvest that cash as long as you can guarantee a payoff (set reminders!). You can put that $2,000 in a CD for that exact amount of time, too, and earn yourself back 3%-4%. That said, they might have caught onto my grift cause they usually offer 5% back OR 0% interest, lol.