What do you think about buy now pay later?

[Bisolami]

I personally don't like to buy things on credit, except that I use credit card to get cash back. But I think Buy Now Pay Later is a good option for those who want to get something in need but prefer to pay by instalments.

I also do not like to buy things on credit because my mind will not be at rest so I buy my things whenever I have the money

 

[eldavis]

Its a good way to actually motivate people to buy what they want though k stead of shying away from it, but at the same time make sure you have all the necessary details as to not end up loosing out.

 

[funkie]

The idea of buy now pay later is like taking a loan. In my area there is this called easy buy where we can buy any phone without having the total amount but allow us to pay later in installments.
What do you think about this idea? is it good or not?

I actually do not really like this method a lot. This is because, you get charged interest on the instalments usually, which is hell to live with.

 

[Bisolami]

Its a good way to actually motivate people to buy what they want though k stead of shying away from it, but at the same time make sure you have all the necessary details as to not end up loosing out.

I'm glad he said the person should have necessary details about the people buy from him because people tend to run away after you give them what they want

 

[Enxx]

It's a good business idea, but some debtors will never pay back. I also dislike buying this way, because the price is usually higher than when you pay immediately.

Like you said that it is a good idea. But I can say that many people don't pay back and when they don't pay back, how will they profit from the business?

 

[eldavis]

I'm glad he said the person should have necessary details about the people buy from him because people tend to run away after you give them what they want

I have had some experience on this aspect before, even customers you think you can trust can easily betray you. This is someone i have been doing jobs for, out of trust i usually give him his products then he pays later but this time i gave him as usually he did not contact me, he stopped giving me jobs and does not even reply my messages.

 

[Suba]

Even though I have never used buy now pay later, there are some disadvantages if you often use paylater, such as: you will get used to debt, and you will be more consumptive, the risk of data security (ID card) is not guaranteed, if you are late paying then telephone terror will never stop either in the office or private telephone.

 

[Magnus2022]

It is a modern business strategy that is very wonderful but I prefer cash and carry. Easy buy strategy is good for working class and people that receive monthly payments.

 

[Niyi Briggs]

I am of the opinion that what you cannot afford for now, just relax till you can afford it. I don't believe in incurring liabilities.

 

[Passiveearner]

The idea of buy now pay later is like taking a loan. In my area there is this called easy buy where we can buy any phone without having the total amount but allow us to pay later in installments.
What do you think about this idea? is it good or not?

I think that it would be a great thing. This kind of service is offered by many payment processors as well, including PayPal. I think this facilitates customers a lot.

 

[hastral45]

This sleepless nights Is for those that have conscience. Some people owed and still sleep well at night

I like the idea but one must check it to avoid going into debt with the style

The principle objective behind this policy is make available certain products in such a flexible payments method to the general public. This is a marketing strategy.

 

[Enxx]

I think that it would be a great thing. This kind of service is offered by many payment processors as well, including PayPal. I think this facilitates customers a lot.

I have not seen this with PayPal. How is the service called in PayPal

 

[uptrendfinancialsignal]

It is becoming very popular in my locality and so many people are patronizing them because it makes things much more easier for people to buy.

 

[LoukiaCharilaou]

It has never been my thing. I don't like to buy things on credit because I won't have peace of mind

Same here. I do not like owing money to anybody. I want to pay for everything I buy.

 

[Shortie]

Buy Now Pay Later is great to have for your business. So many people often do not always have the money in full to buy something and being able to pay it off would be a better option for them. If you as a business can offer this service it opens up the possibility for you to be able to increase your customers. The only downside to something like this is getting customers who will take the buy now pay later option and then not pay. It has happened to many businesses in the past and it's something you need to prepare yourself for.

 

[astutimeliana723]

As far as I know paylater is a payment method in shopping, where buyers can buy goods on credit. But I never use it, because I don't like to be in debt, I'd rather save before buying the things I want.

 

[IB D]

From a seller's point of view, it is a very risky venture unless you have adequate security measures in place. From a buyer's point of view, it gives him yhe flexibility to easily own things.

 

[Bisolami]

It is becoming very popular in my locality and so many people are patronizing them because it makes things much more easier for people to buy.

It has always been in existence and it is very good for people who cannot afford to pay what they want to buy in full