Post by @Warl0k3__dup_11278

In reply to 6 earlier posts

@King@blackneon.net on blackneon.net Open parent

Usage of the flexible payment method hit an all-time high on Cyber Monday, driving $1.03 billion in online spend (up 4.2% YoY), as consumers looked for greater flexibility in managing their holiday budgets. The vast majority of BNPL transactions are happening on a mobile device as well, at 79.4% share on Cyber Monday (vs. desktop). In an Adobe survey of over 1,000 U.S. consumers (conducted Nov. 2025), respondents said they were most likely to use BNPL for electronics, apparel, toys, and furniture purchases.

Source: Adobe Analytics.

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@wesker@lemmy.sdf.org on lemmy.sdf.org Open parent

Man, say what you will about credit cards, but at the very least with many of those you get rewards of some sort. BNPL is just the consumer version of the payday loan; you get nothing but the scam.

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@Exulion@lemmy.world on lemmy.world Open parent

Idk, I do them when there is no interest involved. Like my credit card I only do it when I have the money though.

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@skankhunt42@lemmy.ca on lemmy.ca Open parent

For what reason? Am I missing out on something?

Seems like it’s better to just pay now if you have the cash.

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@platypode@sh.itjust.works on sh.itjust.works Open parent

Assuming you need to buy the product, taking on zero interest debt gives you greater liquidity that you can theoretically activate elsewhere to improve your cash flow. For the amounts and time scales of BNPL, though, I don’t entirely see the point.

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@Prathas@lemmy.zip on lemmy.zip Open parent

For the amounts and time scales **hard inquiries of BNPL, though, I don’t entirely see the point.

FTFY

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Warl0k3__dup_11278 in !lemmyshitpost

@Warl0k3__dup_11278@lemmy.world · Dec 07

Most BNPL services don’t make classically hard inquiries, though - as I understand it that’s actually a big part of the problem, because they are able to skirt a great deal of the credit regulations put in place to prevent predatory lending by not engaging directly with the credit agencies, instead relying on 3rd party consumer information data brokers of dubious reliability.

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