Source: Foundation for Economic Education
by Mike Viola
“BNPL services like Klarna, Affirm, and Afterpay market themselves as credit-check and interest-free alternatives to credit cards — but they come with downsides of their own for both consumers and merchants. As the consequences become more visible in the news, these companies have come under scrutiny from politicians and regulators. In reality, BNPL is not uniquely harmful — it just isn’t particularly beneficial to customers or cost-effective for businesses compared to other payment options. Still, the best way to improve these services is through market competition, not the heavy-handed regulations some are beginning to propose.” (06/04/25)
https://fee.org/articles/buy-now-pay-later-isnt-great-but-regulations-worse/