Digital Revolving Credit: A Potentially More Responsible Financing Option than BNPL
Retail TouchPoints
NOVEMBER 27, 2023
This is in comparison to BNPL’s payment option, which finances individual purchases with separate fixed-term installment loans. However, there’s a catch: If a purchaser misses their payment obligations, they could be slapped with significant fees and accrued interest that may be unmanageable, especially for those living paycheck-to-paycheck.
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