BNPL generally has far less consumer protection than CCs. It’s also vastly easier to access BNPL services as they’re typically inserted into the payment process online, and don’t do a very good job of informing consumers of things like repayment terms and interest charges.
There’s definitely a case to be made that they deliberately target those who are less financially aware who are most vulnerable to predatory lenders pushing them into unmanageable debt.
Zanathos@lemmy.world 2 weeks ago
The only BNPL service I ever use is PayPal. The math shows no interest and it will literally take out 1\4 of the total cost over a two month period which works great for me as I’m paid no weekly. Any other BNPL service is stupid because of the extra credit cost your paying on top of your carts price.