Talk:Buy Now, Pay Later
Latest comment: Thursday at 04:30 by Illerfish2 in topic Relevance?
Relevance?
As a completely opt-in service, I don't believe this violates any consumer rights Illerfish2 (talk) 04:07, 4 September 2025 (UTC)
- Look at it this way, gambling is proven to be anticonsumer despite it being it is opt-in as well, because it is using dark patterns to entice consumers into using it. The same falls under here, you are gambling on having enough money in the future to use this system, but these systems are rewarded through your debt to not educate you on the risks involved with using it.
- However, the article itself does severely need to be reworked, zero refs, not a lot of development in general.
- If we can include some data listed through these sources I found in a quick search, it might be brought to the standard of quality the wiki is in search of:
- https://thehustle.co/01272022-buy-now-pay-later
- https://www.forbes.com/councils/forbesfinancecouncil/2025/02/04/buy-now-pay-later-hidden-credit-risks-in-the-digital-payment-revolution/
- https://www.wired.com/story/hidden-dangers-buy-now-pay-later-apps/ (https://archive.is/z3eSh)
- https://defendernetwork.com/news/opinion/buy-now-pay-later-loans-debt/
- https://www.msn.com/en-us/money/credit-cards/the-hidden-danger-of-buy-now-pay-later-plans-revealed/ar-AA1G6cE5
- https://www.youtube.com/watch?v=YUDWC6rCwhI JamesTDG (talk) 04:25, 4 September 2025 (UTC)
- Lack of citations is definitely an issue, but more broadly speaking wiki scope focuses on issues of new issues in consumer rights, specifically those that are anti-ownership and reduce consumer's privacy and/or ability to consent. (Mission statement#Consumer protection has changed) While definitely ethically questionable, this seems to fall outside of the scope of the wiki as we don't aim to address psychological issues and these systems do inform the user of exactly what they are consenting to. Illerfish2 (talk) 04:30, 4 September 2025 (UTC)