Nick Drom
Region: US
Wednesday 05 January 2022 05:22:45 GMT
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ummsrsly :
I feel like it "tricks" people into having several of these payments at a time. Increasing the chance for late free.
2022-01-05 05:49:03
378
Leafhopper tea blog :
I’m loving this but begging you to cut the music track it’s peeling my brain apart 😅
2022-01-05 06:52:36
86
Melvin.529 :
If you can’t pay for something right then and there then you can’t afford it. Harsh but it’s the truth.
2022-01-05 15:30:03
1
howdyjill :
Do they make money off our data?
2022-01-05 13:34:10
1
apc :
I’ve spoken to a few of these companies in a very senior PM level. Some of the people there seem great, but BNPL will suffer a bit over the next 5yrs
2022-01-05 13:29:21
1
blu :
not to mention: it almost targets younger people who should be focusing on their credit profile. instead putting a small monthly charge on a card can
2022-01-05 09:58:45
81
prayfortheflood :
Get. To. The. Point.
2022-01-05 17:36:40
2
neelamraii17 :
So basically, it’s only a good thing if you don’t NEED it to afford whatever it is you’re buying. I’ve avoided them just because I couldn’t figure out
2022-01-05 06:34:05
20
Reaps :
I love these. I actually buy more online. 50 bucks now or divided into 4 payments every two weeks? 🤔 Deal!
2022-01-06 04:25:20
2
Alex :
these companies seek like a good high risk high reward investment, I wonder if they are publicly traded
2022-01-05 12:29:21
4
Emma :
Wow this was super interesting thank you!
2022-01-05 05:30:05
21
B 💙 :
Another thing to note - they do charge interest but the retailer pays it, not the customer.
2022-01-05 06:11:26
18
podded :
making money from the very poorest people is such a dodgy thing to do
2022-01-05 11:55:45
2
sbcapital :
In regards to BNPL. They are losing money cause they are growth companies they not trying be profitable (at the moment)
2022-01-05 11:29:38
4
Ianira :
not sure I agree with your analysis. loads of Internet companies hemorrhage money. build first monetise second is pretty much standard practice.
2022-01-05 10:02:32
2
gingerbaybee :
because it doesn't let you spread the payments that far apart, for many it won't move the later payments into a new pay cycle *for them*
2022-01-05 16:51:50
2
Maybs :
It would be interesting to know who's financing the lending and whether they have any connections to the online consumer industry?
2022-01-05 18:44:15
3
Leafhopper tea blog :
I work on a couple Shopify sites and Shopify opted us in for their in-house version of these plans without our consent. Snuck it in a code update.
2022-01-05 06:53:38
23
so_bored_atm :
This is a very interesting conversation because these payment plans more than likely help people who may not be able to afford those items.
2022-01-23 13:00:31
1
Malena :
Especially since a lot of these BNPL services don’t allow you to reschedule payments
2022-01-22 21:22:49
0
Panda :
I am interested to know who is finding these companies/who the patent company is and who they sell the data to
2022-01-27 01:20:15
0
Bofa deez :
pt 2 starts at 1:46 😳
2022-01-24 22:53:49
0
Nili Waypa :
How do you suggest incentivizing shoppers to pay on time if not charging a late fee?
2023-07-20 14:19:48
0
sofia :
what a nightmare, like having a credit card on your credit card
2022-01-29 21:48:54
0
waymoboston :
Wait but are they profitable? HOW are they losing so much money?
2022-01-05 10:10:57
0
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