I’m seeing Affirm in lots of places lately as a way to pay the same amount of money for your purchase but over installments with zero interest. How do they make money? My only guesses are a kickback in the seller’s end or they’re selling user data. Anyone know?
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most zero interest schemes use hidden fees, also they use the coupon concept to get people to try the next high profit sugar bar or drink in a deal with the store, or say get you a device that requires or encourages a subscription.
zero interest ends the interest rates are ridiculous. they(and all banks and credit cards) expect a certain percentage of people not to make payments on time and the creditor will profit heavily from late fees.
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