Speaking as someone who does use the BNPL from time to time for discretionary spending: If you pay it in 4, then its 0% interest and a much smaller piece of your pay check.
Spending $25 over 4 pay checks is a lot easier to do than $100 all at once. But this only works if you A - Only have 1 BNPL plan going at a time, & B - Actually pay off your BNPL in 4.
michaelmrose@lemmy.world 1 month ago
BNPL is generally for people who are too high a risk to put it on their normal credit card. It’s also normally configured to auto draft from the relevant bank making it hard to default on. Americans needing BNPL is an indication of the weakness of the economy.