The "Buy Now, Pay Later" Bubble (w/ Siddharth Venkataramakrishnan of FT)
GRIFTONOMICS
00:00
By Now Pay Later
By now pay later is a very short-term loan, usually 12 or 24 months. The terms are shorter than traditional loans and the interest rate can be up to six%. But if it costs merchants more then a credit card to accept, you know, by now pay later, is a four % hit inthe taking a. Why are seemingly so many merchants suddenly accepting this thing that costs them more to accept? Yet i think it s it's a rgood question. I think it chs on on the morrow.
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