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I am surprised to see Apple getting into the "buy now, pay later" game, as it's always seemed like a murky industry that works by exploiting poor people who aren't very good with money, and not something I'd expect Apple to want to be associated with. Can anyone steelman it for me? Is there a way of looking at this industry/practice other than "exploitative and predatory"?



A credit card lets me delay payment for a month otherwise it’s 30% interest. These schemes let me delay for multiple months for free otherwise it’s 8% interest.

It’s 1000% better


When businesses buy now and pay later, it’s smart business. When consumers do it, they’re being taken advantage of?


Credit cards are commonplace, aren't they? They offer buy now, pay later any consumer product already.

But sure, it's exploitative, they want a piece of that already existing cake.


From the press release:

> [users want] flexible payment options

Being able to spread some large purchase over multiple pay periods seems like a obvious use case.




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