How Much Will Buy Now, Pay Later Cost?

Free service often comes with big late fees

Andy Spears

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Photo by David Dvořáček on Unsplash

While Buy Now, Pay Later services — like AfterPay and Klarna — may seem convenient, they can wind up being pretty costly.

In fact, Fintech Business Weekly notes that AfterPay is making some pretty big money on late fees. According to the company’s reporting, in the second half of 2021:

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Andy Spears

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .