Buy Now, Pay Later Apps vs. Credit Cards: The Pros and Cons

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Information Buy Now, Pay Later Apps vs. Credit Cards: The Pros and Cons | WSJ

Title	:	Buy Now, Pay Later Apps vs. Credit Cards: The Pros and Cons \| WSJ
Lasting	:	5.50
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Views	:	156 rb

Just use ur debit card 😅
Comment from : rya

Selling is better than not selling ✊🏼
Comment from : Ngoc Quynh Nhu Huynh

This is very alarming, they themselves say that they give credit to people who normally wouldn't be eligible brThey also admit that they cover their costs by acquiring new customers, which is basically a pozi scheme
Comment from : Farkas Ambrus

As long your careful and able to pay back use it, its not bad but can be dangerous is you over do it or cant pay back
Comment from : That_Metal_Asian_94

That should add a reward account and spread the risk to customers
Comment from : OVYED Deno

we at Monkee are big believers in Save Now Buy Later as the responsible alternative to Buy Now Pay Later We support people to reach their consumption goals without debt
Comment from : Monkee - Simply Saving!

So buy now pay later is Americans discovering EMIs? That has been in India for ages?
Comment from : Sudeb Sarkar

How about buying items you can pay in full, items you can afford Let’s stop paying interest The interest payments on your mortgage should be enough, right? 💸💸💸
Comment from : I Gotta Say

Pay later services are also booming in my country of Indonesia
Comment from : Rachmad Suhartono

seems like predatory money lending idea like payday loans
Comment from : Inderjit Singh

0:35 "Young millenial" those two don't mean the same thing anymore The oldest millenials are 42! That's older than the average American
Comment from : Samuel Adler

it's ridiculous to hear such of pessimist thought from mizuho ppl while they also invest in bnpl company(in asia)brbri think you guys contactinh the wrong person
Comment from : Handy Wardhana

Installment payments are pretty common in Brazil for a long time But you should use this tool with responsibility, otherwise you'll go bankrupt
Comment from : Rodrigo N

Hi I don’t want to sound irrelevant but I am getting into youtube video making recently and I really like the background music going on when lady explains things I think it can suit in my videos so can I ask to get any link or file to get that tone please
Comment from : AMotivZ

If done correctly, this is a win win for both parties But their intended user base is usually just 5 of the total user base The rest use it as a glorified payday loan
Comment from : RCL

Please increase the loudness of the audio
Comment from : Maximus Aelius

Another wall street idea Another fraud ! 🙂
Comment from : Ankit Tiwari

Never do bnpl
Comment from : Boris B

unless you live by weekly wages, buy now pay later is like paying in full, i use it time to time for promotions, i guess it's different country by country
Comment from : Edmund

Credit is low IQ rich scamming the low IQ poor
Comment from : Gudas World

"never buy something with money you dont have"brthats what my mom taught me, and what i live by
Comment from : Igor Della Pietra

Here's an idea if the only way you can afford a $100 pair of shoes is through a BNPL service maybe you can't actually afford them and need to rethink your purchase decision
Comment from : Scott Maday

Crazy to think that here in Brazil it's been pretty normal for a long time to use credit cards to pay in installments
Comment from : Gustavo Calixto de Souza

I personally use BNPL and if i'm satisfied with the purchase i pay it right away, idk why i like it better than buying with my own money and data on random sites
Comment from : Johan Cancino

This business should focus on more expensive items like houses or cars I believe there's potential in this market, but we shouldn't go after a market that's already filtered for risk, as it would just load people up with more debt😢
Comment from : Best Sell

I was a portfolio analyst for one of the BNPL companies, just a warning, it is much harder to get out of BNPL debt than credit card debt We did the math and it also scares us
Comment from : Tokoroa3420

Never ever spend money you don't have
Comment from : nibblit

I only use Klarna for bnpl
Comment from : Lirst Fast

and they don't affect your credit score
Comment from : Shane Green

Oh look at all those Affirm employees in the comments sectionbrIf only people start using the 4 function calculator, let alone a smartphone, and all those Affirm employees will be out of a job soon Reading glasses are some tools that may also help send these employees filling out unemployment insurance benefit applications soon
Comment from : Steven Luo

I use Affirm and it’s great 👍
Comment from : ZAMUDIO🦋

It took me 20 seconds to realize this business is not sustainable
Comment from : DSZ119

BNPL shows how poor Americans are now
Comment from : LeadLeftLeon

Oh lending to people with no real background checks, that’s never gone horribly wrong before
Comment from : Gustavo Stabe

More ways for consumers to pay means more power to the consumers I would like to know whether it's possible to use BNPL with a credit card That way, I get a longer grace period and let money work for me instead of the other way
Comment from : Joe C

the funny thing is that depends on where on the credit card bill cycle you are at, credit card can also be up to 60 days no interest
Comment from : Yi-Shun Wang

More like "Buy now, Pay forever"
Comment from : untouchable360x

And this is why Americans will never be out of debt, when we continue to promote this kind of irresponsible spending habits
Comment from : houchi69

Just pay that small amounts back on credit card?
Comment from : Josh Boi

yay another method to get in trouble financially can't afford it, don't buy it until you have money saved up to pay off your credit in full or pay cash
Comment from : Leszek Kot

Affirm is great if you need to build or repair your credit, but really need to buy something important and don't have all the cash It helped me through, and for that I thank them
Comment from : Peter

bnpl is for suckers
Comment from : Weird guy

Buy now, pay later does NOT increase buying power Rather, they are toxic debts There is NO such thing as good debt whatsoever!!!
Comment from : RCDriver10

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Comment from : Lovepreet Singh

I dont know, all of this sounds questionable, with too many potential pitfalls I believe there are more reliable options out there I recently found a company called Cannafarm Ltd, and Ive been consistently earning with them I think its better to foc
Comment from : mayank48

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Comment from : Enzoulette_

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Comment from : Papu xd

Thank you for sharing your insights and recommendations Its great to explore various investment options, especially well-known companies like Cannafarm Ltd that are gaining popularity Adding different ventures to our portfolio can help reduce risks in
Comment from : Shadow Strickers

BNPL is a disaster waiting to happen
Comment from : DanteDubjuice

Pros and Cons to everything I've used Affirm many times (and usually pay off the loan long before it "ends") I've paid little in interest overall Often my purchases have come with a 0 interest rate which you wouldn't see from a credit card
Comment from : Through Reflection

BNPL is for stupid people with no discipline Enjoy staying poor
Comment from : Mike

if it's at 0 interest I don't see any negatives
Comment from : Krish P

Creditors employing the boiling a frog technique
Comment from : Spazz Maticus

Bubble wait for the pop
Comment from : entermatrix

bDid you even talk about the business model?/b
Comment from : Stephanie Hale

Giving people credit who wouldn't be able to normally sounds awfully similar to the sub-prime mortgage lending crisis
Comment from : Ritokazoriv

advertising in wsj is behind buy now pay later apps
Comment from : Aurobindo Ghosh

If you don’t have the money, just don’t buy it🤷🏼‍♀️
Comment from : Brock Hubbard

What an irresponsible business model to fuel consumer culture and increase the prevalence of personal debt If you don't have funds to pay for clothes today, it might be difficult tomorrow as well It's a slippery slope
Comment from : Collinsv8

A great way to transfer wealth from you to companies
Comment from : Sean P

Isn't this what the government has been doing for the past 20+ years, I mean 30trillion debt is a buy now pay later, kind of
Comment from : Martin Tsvetanov

The USA citizens are just like their country, always in debt
Comment from : Martin Tsvetanov

The deeper in debt you go, the more of a slave you become
Comment from : Scot Fretwell

Adding more debt options to a generation accustomed to living beyond their means and looking good while doing it Bravo
Comment from : Rapping Manual

My newborn is trans
Comment from : D Li

The practice of "buy now, pay later" is prevalent in business transactions where bills are payable within 60 days
Comment from : Cinematography Lischka

In most countries credit is regulated- anyone or anyone's store cannot claim legal liability for a credit given if they are not registered and structured as a credit company
Comment from : gaint hail(brim)stones

I like the credit card no interest for 18 months deals I get on my credit cards Using that for my new roof But I always pay it by the due date to avoid fees
Comment from : Karma Sutra

The RBI has put brakes on it
Comment from : Haridas S

… as a millennial… I think BNPL is fiscally irresponsible If it was some real estate or something, sure But, BNPL… I avoid it at all cost
Comment from : Unknown Person

If you only bus something, because it gives you the ability to pay in installments and it isn't a house, maybe rethink if you should really buy that
Comment from : RoadRunner