view the rest of the comments
Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
Ask in DM before posting product reviews or ads. All such posts otherwise are subject to removal.
Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed
Yeah, instead of 0%, fixed payment loans, people should take on 18-60% apr credit cards instead! That'll help people unable to afford large purchases in a single go!
Even better, they could just buy cheaper stuff! Poor people deserve to buy leaky boots every year! /s
Just read up more about the systems and always thought they charged you more, didn't realize that for the time being they are zero interest loans.
Seems unsustainable, but sounds like they're using the credit card technique of charing the storefront. It'll be interesting to see where the bnpl industry goes.