The Fall of Buy Now, Pay Later

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Information The Fall of Buy Now, Pay Later

Title	:	The Fall of Buy Now, Pay Later
Lasting	:	8.20
Date of publication	:
Views	:	5,6 rb

Giving credit to the millennials and gen Z who in the states refuse to pay there student loans, how could this turn out bad
Comment from : Gnome Star

So too long; didn't watch: buy now pay later is falling apart because they are middle men who forgot middle men survive by charging more than the source They take out debt for you, and pay the interest you are avoiding But they don't charge enough to cover the interest
Comment from : ThatGamerDude9000

The one of reason why Buy Now pay Later scheme lending models is falling is because of government regulations around responsible lending etc
Comment from : Frank Wu

Great video Very insightful One small addition at 5:24 you are correct to assert that the cost of borrowing does go up when there's inflation -- but the cost of the t-shirt itself also goes up due to inflation So not only was it more expensive for BNPL companies to borrow money, but also, the amount of money that BNPL companies needed to borrow went up
Comment from : Narin Pratap

Affirm charges interest on 6-12 months purchases
Comment from : JCU

Sound like one of the epic loss (Company) loss (User) business model
Comment from : 🐈CatBigCat🐈

I think a lot of people are missing the mark on this topic The simple reality is our only other alternative as consumers is credit cards which are predatory and compound out of control if not managed correctly BNPL has safety barriers in place that protect people from ever ending up in spiralling debt by freezing your account upon your first late payment or charging a capped late fee (capped being an extremely important part) On the merchant side they provide marketing services and online traffic via their platforms (website & App) in addition to increased cart size etc The present arrangement for merchants is that they just pay card companies a fee for processing the transaction, so at least in this way they are benefitting from the marketing channels as well It is an improvement on our current options no matter which way you look at itbrbrThe next only thing I think a lot of them will struggle with is differentiation and creating some sort of preference for their product when most are identical It will probably come down to whoever grows the fastest first, is able to build trust and able to brand wellbrbrAnyway, I see a lot of these videos demonising BNPL it just doesn’t make sense to me when you look at our current options…
Comment from : JoshuaGiannone

These shitty companies never proceed sustainable credit-checks Even my niece used klarna for shopping The girl was 16 in this time she just took a wrong birthdate If she doesnt pay her klarna-bills, klarna has a problem brbrI hate this companies theyre producing a generation of bnpl-victims let them go to the f*** hell
Comment from : Sang Yong

Young people are getting ripped off and ruining their credit
Comment from : Philip C Gossett III

Great video!
Comment from : jankay

Insightful stuff As always, moderation and keeping yourself in check is key, but a total financial meltdown caused by the others is out of your hands Hope it doesn't lead to it
Comment from : b samoong

The buy now pay later is worth it BUT you have to make sure you don't buy too much
Comment from : majordddd

This is quite big in New Zealand atm, must be around 20 of peoples using it
Comment from : Spun

Pretty solid and informational video, surprised to find it with less than 1k views after a day I guess maybe the blessing of the algorithm might fall upon you, unless it's become more targeted than it was in the past Either way, good luck!
Comment from : Hotshot2k4