Topic Reading-Vol.3550-12/30/2021

MEL School 三鷹


〒180-0006 東京都武蔵野市中町2-3-5 IIHA武蔵野1階

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Topic Reading-Vol.3550-12/30/2021

英語で世界を知ろう!Topic Reading

2021/12/30 Topic Reading-Vol.3550-12/30/2021

Dear MEL Topic Readers,

Buy now, pay later is a huge hit with shoppers. Just how dangerous is it?

Credit cards let consumers pay over time, but the only required payment is the monthly minimum due. They charge relatively high interest, usually over 10% on the outstanding balance to the cardholder. Many of the credit cards offer rewards in the form of cashback, miles, or points on purchases to keep the cardholders and encourage them to spend more. Buy now, pay later, or BNPL, allows consumers to make purchases and pay for them in several installments. BNPL plans often charge no interest or fees unless the payment is missed. Although most Americans hold at least one credit card, over half of them seem to have used a BNPL service at least once in the last 12 months. While BNPL services say they are offering a safer and more accessible alternative to credit cards, consumer advocates are concerned that the service pushes people to spend more than they can afford. BNPL companies make money by charging retailers a percentage of purchases via their platforms. Retailers seem to agree with the fee because BNPL shoppers tend to buy higher-ticket items and more. Is this then really a win-win service to everyone?

Enjoy reading the article and learn about what Buy Now, Pay Later service is about.

MEL School 三鷹
住所 〒180-0006 東京都武蔵野市中町2-3-5 IIHA武蔵野1階