© 2021 KOSU
Play Live Radio
Next Up:
Available On Air Stations

Adding up the real cost of buy now, pay later products for consumers

Apple is the latest company to join the buy now, pay later bandwagon with its new Apple Pay Later service that allows customers to spread payments for purchases into installments over time.

But the easy access to credit that the popular BNPL model provides has raised concerns about risks for consumers, especially younger people who may be tempted to overspend and fall into debt.

Roben Farzad, host of Public Radio’s “Full Disclosure,” has more details.

This article was originally published on WBUR.org.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

Hey! Did you enjoy this story? We can’t do it without you. We are member-supported, so your donation is critical to KOSU's news reporting and music programming. Help support the reporters, DJs and staff of the station you love.

Here's how: