Comment on U.S. consumers are so fucked up, that they put more than $1 billion on buy-now, pay later services during Cyber Monday

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Denjin@feddit.uk ⁨2⁩ ⁨weeks⁩ ago

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.

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