How ‘Purchase Now, Pay Later’ Actually Works
Cash is tight nowadays. Vacation procuring, ballooning inflation, and a looming recession have pressured folks to extra fastidiously take into account their funds. These elements may assist clarify the explosion of “purchase now, pay later” providers. BNPL plans provided by firms like Affirm, AfterPay, and Klarna allow you to unfold the price of a purchase order—something from a Peloton bike to a basket of groceries—over a number of installments, with out the charges or rates of interest of most bank cards. In fact, free cash at all times comes with a catch.
This week on Gadget Lab, we dig into the purchase now, pay later phenomenon and what it means for the way forward for procuring.
Learn Lauren’s interview with Max Levchin. Try extra of WIRED’s reporting about purchase now, pay later applications. Observe our protection of all issues ecommerce.
If in case you have suggestions in regards to the present, or simply need to enter to win a $50 reward card, take our temporary listener survey right here.
Learn how to Pay attention
You’ll be able to at all times hearken to this week’s podcast by means of the audio participant on this web page, however if you wish to subscribe without spending a dime to get each episode, here is how:
In case you’re on an iPhone or iPad, open the app referred to as Podcasts, or simply faucet this hyperlink. You can even obtain an app like Overcast or Pocket Casts, and seek for Gadget Lab. In case you use Android, you’ll find us within the Google Podcasts app simply by tapping right here. We’re on Spotify too. And in case you really want it, here is the RSS feed.