You've seen the little buttons right next to your 'checkout' box when you're shopping online. Would you like to break this payment up into four or six instalments, with no interest? With no interest? It's tempting!
As online shopping skyrocketed during the pandemic, so did the new way to buy now and pay later, with companies like PayBright or Sezzle receiving increasing amounts of business. But what's the catch? Why offer no-interest loans? What do you need to know about how this business works, and what's coming next?
GUEST: Kelsey Rolfe, writing in Canadian Business