The "Buy Now, Pay Later" Bubble (w/ Siddharth Venkataramakrishnan of FT)
GRIFTONOMICS
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By Now Paylate - What Is It?
The by now pay later option allows you to divide the transaction into three. You might pay one chunk, a third chunk on soa at that point. Or it might be delayed, pushed further back, and you pay three regular monthly instalments. The convenience there is that you can sort of try it on, if he doesn't fix and send it back without actually having spent the money - thus don't have to wait for refund.
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