What you need to know about Buy Now, Pay Later

from The Decibel · host The Globe and Mail

If you’ve bought something online recently, you’ve probably seen a payment option to spread out the purchase in installments. This is known as Buy Now, Pay Later and it’s popping up all over Canada with companies like Amazon, Adidas, Samsung and Sleep Country. But why is it all over the place all of a sudden?Finance reporter and columnist Tim Kiladze looked into it, and he explains where it came from, how it affects credit, and how it encourages people to spend more money.Questions? Comments? Ideas? Email us at [email protected] Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What this episode covers

If you’ve bought something online recently, you’ve probably seen a payment option to spread out the purchase in installments. This is known as Buy Now, Pay Later and it’s popping up all over Canada with companies like Amazon, Adidas, Samsung and Sleep Country. But why is it all over the place all of a sudden? Finance reporter and columnist Tim Kiladze looked into it, and he explains where it came from, how it affects credit, and how it encourages people to spend more money.

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What you need to know about Buy Now, Pay Later

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This episode is 18 minutes long.

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This episode was published on October 17, 2022.

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