'Buy now, pay later': What you need to know | Business

If you are a frequent online shopper, you will have noticed that the list of payment methods keeps growing: EFTs, credit cards, cash on delivery, eBucks … and now newcomers such as Payfast’s Payflex and PayJustNow.

Conveniently, this site backs its BNPL options by providing the instalments breakdown under the price of every item on its website. Payflex’s website notes that:"There’s only one time you would ever pay more [than the normal price] …and that’s if you miss a scheduled payment. Then, sadly, we’ll have to charge a R75 default fee to cover our costs and a further R75.00 for every week the instalment is outstanding for a maximum of three charges. So, to avoid the drama, just make sure you have money in your account in advance of your scheduled instalment. We’ll email you in advance every time as a reminder.

It also highlights"habitual" usage, which can leave consumers out of pocket when it comes to paying other debts and financial obligations and notes that regulation of this payment option is under review

_Business digital herding

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business rescue practitioners in bid to regain control of R3.4bn of Gupta mine's assets | BusinessThe business rescue practitioners of Optimum Coal Mine have launched a daring bid to wrestle control of R3.4 billion worth of the mine's preserved assets from a curator appointed by the courts. | vercingetorics
Source: News24 - 🏆 4. / 80 Read more »

Read Mark Zuckerberg's deposition about Facebook user data, released years later | Business InsiderEver since the Cambridge Analytica scandal in 2018, in which the data of some 87 million Facebook users was improperly accessed, Meta CEO Mark Zuckerberg has fielded questions about what he knew and when.
Source: BISouthAfrica - 🏆 34. / 51 Read more »

ESKOM LIVE | Stage 6 load shedding back from 20:00 tonight | BusinessAll the latest news and analysis on load shedding, power and the national grid. _Business You’re saying stage 6 is back like it’s a good thing.🙄 _Business From 12pm until now no electricity what the hell Eskom_SA _Business Haii ba nyela yanong ko Eskom_SA y’all are full of sh!t admin on a serious note ,
Source: News24 - 🏆 4. / 80 Read more »

INSIDE LABOUR | Hard times have come and harder times are promised | BusinessUnion members have had enough of a political elite that has apparently lost touch with them and all the other people it is supposed to serve, writes Terry Bell. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »