The usual catch is that for now, these companies are offering it at zero extra c... | Hacker News

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		_verandaguy 15 days ago \| parent \| context \| favorite \| on: Justice Dept. Settles with Greystar to End Partici... The usual catch is that for now, these companies are offering it at zero extra charge because they're building up sellable corpora of data. Whether and when this business model will change is any outsider's guess.

lesuorac 15 days ago [–]

It's not at zero extra charge. Most of the Buy-Now-Pay-Later companies charge higher transaction fees to the merchants than say MasterCard [1].

Now, the business of accepting debt from people that uh can't repay that debt is probably going to have to change.

[1]: https://www.merchantmaverick.com/klarna-for-business/

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