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Jenny Ross, Which? Money Editor, said: “Using buy now pay later (BNPL) is an easy and convenient way to pay for millions. However, with currently little to no information or warnings about the risks of incurring late fees or getting into debt, it raises concerns that many shoppers do not fully understand the products they’re […]
Ele Clark, Senior Editor, Which? Money, said: “Which? research has found that shoppers are being bombarded at the checkout with various BNPL schemes, but given little to no information or warnings about the risks of late fees or getting into debt, so it’s right that the FCA has taken steps to require firms to make […]
Jenny Ross, Which? Money Editor, said: “Buy now, pay later (BNPL) services offer ease and convenience for many shoppers, but our research has found that many people use these schemes without realising they are taking on debt. “With the cost of living rising, appropriate affordability checks are needed to prevent people from building up debts […]
Which? is calling for stronger safeguards to stop online shoppers from choosing Buy Now Pay Later to pay for products without knowing the risks, as new research from the consumer champion reveals many people do not think that they are taking on debt when using this payment method. Buy Now Pay Later (BNPL) has soared […]