Buy Now, Pay Later (BNPL)...On Your Credit Card

نویسندگان

چکیده

We provide the first economic research on `buy now, pay later' (BNPL): an unregulated FinTech credit product enabling consumers to defer payments interest-free into instalments. In 2021 transactions by BNPL firms are charged $19.5\%$ of active cards in our UK data. Charging a $0\%$ interest, amortizing debt cards, where typical interest rates $20\%$ and amortization schedules decades-long, raises doubts consumers' ability for BNPL. Such charging is most prevalent among younger deprived geographies.

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Local recurrence or cardiovascular disease: pay now or later.

© The Author 2007. Published by Oxford University Press. All rights reserved. For Permissions, please e-mail: [email protected]. Radiation therapy is an essential component of the local management of breast cancer. The overview from the Early Breast Cancer Trialists’ Collaborative Group ( 1 ) indicates that adjuvant radiation therapy after breast-conserving surgery results...

متن کامل

System Performance Engineering: "Pay Me Now or Pay Me More Later"

Institutionalizing innovation is hard work. The status quo is known, the new world is not. Managers whose primary goal is immediate risk reduction are rightfully cautious about new techniques and strategies, but change is inevitable. I want to consider an example involving software architecture definition in this issue of Strategic Software Engineering and attempt to illustrate both the new tec...

متن کامل

How to sell an app: pay-per-play or buy-it-now?

We consider pricing in settings where a consumer discovers his value for a good only as he uses it, and the value evolves with each use. We explore simple and natural pricing strategies for a seller in this setting, under the assumption that the seller knows the distribution from which the consumer’s initial value is drawn, as well as the stochastic process that governs the evolution of the val...

متن کامل

Buy Now, Search Later: A Model of Low-Price Guarantees With Post-Purchase Search

A common feature of low-price guarantees is that they allow consumers to postpone bargain-hunting until after the purchase. This paper addresses a number of questions concerning the adoption pattern of price-matching and price-beating guarantees with post-purchase search and their impacts on market prices. It is shown that low-price guarantees are offered by low-cost firms, and are associated w...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Social Science Research Network

سال: 2022

ISSN: ['1556-5068']

DOI: https://doi.org/10.2139/ssrn.4001909