Charlie Youakim: The Real Economics of Buy-Now-Pay-Later
"World of DaaS"
00:00
Low Interest Rates Help in This Environment
Low interest rates help in this environment, but we're asy quite resistant to rises. We take 25 % at time of purchase, and then we take the remaining payments at two weeks, four weeks and six weeks. So if you take the weighted average, like on a teeter totter, that's the duration of our loan. And so now they look at our channel and they say, why? This is really cheap. I'm only paying 6%. Y and there's a certainty that they only have to pay when that transaction is completed.
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