Re:The 'Buy Now, Pay Later' Bubble Is About to Burst
by jacobsimon on Saturday January 14, 2023 @05:18PM
(#34384688)
Sure but the merchant isn’t literally paying interest - yes they get charged a fee which helps subsidize an interest-free loan, but that fee is not interest nor is the merchant party to any loans that the consumer enters. The merchant gets paid more or less immediately minus a fee - similar to how a credit card transaction works.
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