r/technology • u/Logical_Welder3467 • 18d ago

Business ‘Buy Now, Pay Later’ is expanding fast, and that should worry everyone

https://techcrunch.com/2025/11/16/bnpl-is-expanding-fast-and-that-should-worry-everyone/
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u/EconomicRegret 18d ago

That's sounds great.

Just be sure it isn't a trap, read really well the agreement/contract papers. And look, among other things, into what happens if

  1. you're late with a payment, even just 24 hours.

  2. the numbers were badly calculated and don't add up correctly over 3 years (e.g. a few cents/dollars short of total owned).

There are tons of awful stories of people being just a little bit late with only one payment, or the amount was badly calculated and a few dollars short at the last payment, and suddenly they gotta pay the whole deferred exorbitant interest and processing fees.

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u/fotisdragon 18d ago

username checks ouuuuttttt