Buy Now, Pay Later Rules Are Changing
Buy Now, Pay Later (BNPL) has become a common way to manage purchases, especially online. With a few clicks, shoppers can split the cost of clothes, tech or everyday items into smaller payments. For many people, it offers flexibility and helps spread out spending. But concerns have been growing for some time. The government has […]
Where Now For Penalty Charges?
Penalty charges, by their very nature, are unlikely ever to be popular. They should, however, be transparent and fair. When they are not, regulators and/or the law can step in. It is, however, important to remember that neither regulators nor the law will be in a customer’s favour on every occasion. The basics of penalty […]
How Can The UK Manage The Buy Now Pay Later Sector?
The concept of buy-now-pay-later (BNPL) is probably as old as humanity. Businesses of all descriptions have long been happy to provide goods and services upfront to reliable customers. Now, however, BNPL is being fuelled by technology, particularly open banking and the internet. This is raising all sorts of concerns and questions about its future and […]
Are Consumers Getting A Better Deal From Buy Now Pay Later Services?
PayPal recently announced that it is scrapping late fees on its Pay In 3 service. The change will take effect from 1st October. By contrast, PayPal is raising the fees it charges to UK merchants taking payments from EU customers. These two actions may be connected and could be a sign of what’s to come […]
Will The Rise of Fintechs Spark A Debt Crisis?
Any salesperson knows that the easier you make it to buy, the more likely it is that someone will do so. In particular, the easier you can make it for someone to pay, the more likely it is that they will do so. Any debt counsellor knows that you can definitely have too much of […]