With apps like Klarna, Afterpay, and more continuing to explode in use in 2021, new risks have been found. While BNPL can be beneficial to those without access to credit, the lack of consumer protection is something anyone using these services needs to learn more about. Making a return? Disputing a billing error? You could be in for extra hassle. Know the risks before using Buy Now Pay Later in 2022, and find out how these apps might be changing in the near future.

00:00 Intro
00:32 Use cases for BNPL
01:18 Recap of how BNPL works
02:05 Who pays for 0% loans?
03:54 Why do merchants offer BNPL if it costs so much?
06:09 Fewer buyer protections with BNPL
07:44 Returning items can be a hassle
09:01 BNPL induces people to spend more
10:10 Lots of BNPL users miss payments
10:58 BNPL affect on credit scores
11:48 Regulatory reforms coming
12:29 Future of BNPL

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