Executive Briefing
Just how evil is Buy Now, Pay Later?
Also: More details about Apple Pay Later.
By Dan Frommer on Saturday, June 11, 2022 at 8:00 am
After Wednesday’s piece on Apple Pay Later, the forthcoming Buy Now, Pay Later (BNPL) payments service from Apple, several of you replied to ask slightly different versions of some similar questions: Is BNPL inherently good or evil? Isn’t a bottomless pit of credit card debt a lot worse? Why is BNPL getting a bad rap right now while no one’s complaining about Visa and Amex?
It’s worth unpacking.
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