Buy now, pay later: If you’re shopping online with a tight budget, it seems like an offer that’s hard to refuse. And in the midst of the coronavirus pandemic, when money is tighter than ever for many people, companies such as Afterpay, Klarna and Sezzle can help you avoid using high-interest credit cards.
But BNPL options also push shoppers into engaging in retail therapy when they don’t have the cash on hand.
big announcement: I have just discovered afterpay and may I just say, on behalf of my bank account, oh no
— ellie schnitt (@holy_schnitt) March 1, 2020
Sorry but @Klarna is a plague on society. Encouraging young adults to borrow to buy throwaway fashion items from https://t.co/Ysic9BTufs and Topshop etc during the deepest recession in 300 years? It can only end in more pain further down the line.
— Katie Morley (@KatieMorley_) May 27, 2020
According to a