Process
Status Items Highlights Done See section below Claims None Questions None Output None
Highlights
id905716552
It is not hard to understand why these companies need to be regulated more, not less: their business model depends on people going into debt, missing payments, and then paying the BNPL provider late fees or interest on their loans.
✏️ Always ask where the money is being made. Their model relies on late fees and interest. This isn’t about convenience, but about manufacturing crippling debt. 🔗 View Highlight
id905716626
people spend more when BNPL is offered at checkout — precisely why vendors partner with BNPL companies in the first place. It’s a clear example of how these companies exploit cognitive biases to profit from consumers’ debts.