The dark side of Buy Now Pay Later apps скачать в хорошем качестве

The dark side of Buy Now Pay Later apps

Think twice before using Buy Now Pay Later apps. (Timestamps below) There are no free lunches. Find out how expensive it is to offer (for a merchant), how that can increase prices, and how using other methods to pay might be better for you (and also for lower income households!) NEW: See the follow up to this video for even more downsides to BNPL    • New Risks of Buy Now Pay Later in 2022: Lo...   ***Correction: As pointed out by the (great) blog "Michael James on Money", I should have factored in that the BNPL company collects a riskless $25 payment upfront. So really, they lent out $69 over 6 weeks. That increases the effective APR on their loan from 55% to 76%. For a more detailed look, visit: https://www.michaeljamesonmoney.com/2... 00:00 What are "Buy Now, Pay Later" companies? 00:46 Example of a Buy Now Pay Later transaction 01:12 How do these services make money? 03:10 How much does it cost the retailer? 05:05 How lower income households subsidize richer households 08:30 Is using a regular credit card transaction better? 10:09 What's the ideal way to pay for discretionary expenses? 11:09 Delinquency rates for credit and Buy Now Pay Later 11:35 How much revenue do missed payments generate? Resources and links mentioned in the video: How lower income households subsidize the rewards programs of wealthier households: https://www.nytimes.com/wirecutter/mo... Factoring Accounts Receivable: https://corporatefinanceinstitute.com... Credit Card Competition Tribunal in Canada: 1: https://www.cbc.ca/news/business/comp... 2: https://kitchener.ctvnews.ca/competit... How to calculate APR on short term loans: https://consumerfed.org/pdfs/AAAPL-Ho... How to calculate the interest payable on a credit card: https://corporatefinanceinstitute.com... WATCH MORE OF MY MOST POPULAR VIDEOS: When does renting make more sense than buying a home?:    • Renting versus Buying a home | Which is be...   How to calculate your Net Worth:    • How to Calculate Your Net Worth   How to find more money to save:    • How To Find Money To Save Without Killing ...   PODCAST: "Mostly Money" - A deeper dive on all things money: https://www.buzzsprout.com/5821 ABOUT ME: I've hosted a personal finance TV show on the Oprah Winfrey Network, used to be a stockbroker, went to school to become a racecar driver (failed), founded a fintech company that provides financial planning software to financial advisors who want to help more people who don't have lots of money, and I consult with wealth management companies on commercializing applications of behavioral economics/finance. I'm also quite fond of donuts. SUBSCRIBE FOR MORE VIDEOS LIKE THIS: http://www.youtube.com/user/preet182?... MY BOOK TO LEARN ABOUT THE BASICS OF PERSONAL FINANCE: https://www.amazon.ca/gp/product/0143... FOLLOW ME ON TWITTER   / preetbanerjee   WEBSITE: http://www.preetbanerjee.com #MoneySchool #PersonalFinance #LearnAboutMoney #LearnToInvest #money #stockmarket #finance #howtoinvest #budgeting #budget #savemoney #insurance #financialplanning