The "Buy Now, Pay Later" Bubble (w/ Siddharth Venkataramakrishnan of FT)
GRIFTONOMICS
00:00
Credit Cards - What's the Difference?
The company only had to pay 96 dollars in that transaction. So, but theye, they're assuming they can get back a hundred dollars. The research suggests when you a factor in everything, including transaction fees and all the others, the costs of it, the actual takeaway s any point three %. It's actually a really raise, a thin margin. And they've been operating on it's being sort of powered by massive scale amassed at option.
Transcript
Play full episode
