The risks of “buy now, pay later” apps

Square just announced they’re buying out Afterpay, a “buy now, pay later” app. The move could mean CashApp will soon offer the option to pay for everything in four easy payments. It’s a trend that’s gaining traction among young shoppers, but as Vox’s Terry Nguyen (@terrygtnguyen) explains, it comes with risks.

Read Terry’s story here. 

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This episode was made by: 

 Host: Adam Clark Estes (@adamclarkestes)

 Producer: Alan Rodriguez Espinoza (@ardzes)

 Engineer: Melissa Pons

Support Recode Daily by making a financial contribution to Vox! bit.ly/givepodcasts
Learn more about your ad choices. Visit podcastchoices.com/adchoices

Square just announced they’re buying out Afterpay, a “buy now, pay later” app. The move could mean CashApp will soon offer the option to pay for everything in four easy payments. It’s a trend that’s gaining traction among young shoppers, but as Vox’s Terry Nguyen (@terrygtnguyen) explains, it comes with risks.

Read Terry’s story here. 

Enjoyed this episode? Rate Recode Daily ⭐⭐⭐⭐⭐ and leave a review on Apple Podcasts.

What do you want to learn about on Recode Daily? Send your requests and questions to [email protected]. We read every email! 

Subscribe for free. Be the first to hear the next episode of Recode Daily by subscribing in your favorite podcast app.

Learn more about your ad choices. Visit megaphone.fm/adchoices

This episode was made by: 

 Host: Adam Clark Estes (@adamclarkestes)
 Producer: Alan Rodriguez Espinoza (@ardzes)

 Engineer: Melissa Pons

Support Recode Daily by making a financial contribution to Vox! bit.ly/givepodcasts

Learn more about your ad choices. Visit podcastchoices.com/adchoices