Post by @jaykrown

In reply to 3 earlier posts

@King@blackneon.net on blackneon.net Open parent

Usage of the flexible payment method hit an all-time high on Cyber Monday, driving $1.03 billion in online spend (up 4.2% YoY), as consumers looked for greater flexibility in managing their holiday budgets. The vast majority of BNPL transactions are happening on a mobile device as well, at 79.4% share on Cyber Monday (vs. desktop). In an Adobe survey of over 1,000 U.S. consumers (conducted Nov. 2025), respondents said they were most likely to use BNPL for electronics, apparel, toys, and furniture purchases. Source: Adobe Analytics.

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@jaykrown@lemmy.world on lemmy.world Open parent

It really should be called “buy now, pay more later”. When are these greedy fucks going to learn that it’s not good when consumers don’t have money to spend? If all their money goes towards interest payments then we see a collapse in demand.

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@W3dd1e@lemmy.zip on lemmy.zip Open parent

I don’t know if we have enough information. I agree with you that BNPL purchases are typically bad for the consumer, but I don’t necessarily think any to call people greedy in a difficult economy. Sometimes, people end up in shitty situations, trying to keep their life together, even when they can’t afford to. Was the volume items purchased greater than before or are prices just completely out of control? The article doesn’t indicate that it accounts for inflation. Inflation was about 3% and BNLPL was up 4%. What about the types of items that were purchased? It doesn’t actually say what types of items were used to BNPL transactions so we don’t know if it was household needs or unnecessary consumption.

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jaykrown in !lemmyshitpost

@jaykrown@lemmy.world · Dec 08

I’m calling the lenders greedy. BNPL is similar to payday loans, taking advantage of people who don’t have money, making it cost more to be poor. The people who use BNPL are just being taken advantage of and suffer because of their situation.

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