How do buy now pay later options help the business at all?

Question

I mean cmon, you’re literally delaying payment for a long time. How does that benefit any business?

In: 29

Answer 1

They charge interest on the payments and they know a portion of them won’t keep up with the payments and the company can repossess the object, keep your money and resell the same object to someone else who potentially won’t be able to keep up with the payments and will get repoed as well.