![]() ![]() SAUNDERS: Well, it started primarily with the fashion industry, but really, you can buy, you know, almost anything these days. MARTÍNEZ: And what kind of things are they buying with buy now, pay later? A large percentage of people who have 20,000 to $50,000 of income use buy now, pay later. There is a higher percentage of people who are Black, Latino, females. SAUNDERS: Well, most people who use buy now, pay later do have other credit accounts. MARTÍNEZ: What kind of consumers use buy now, pay later services? But other than that, I think it'll be pretty similar to the other buy now, pay later products on the market - Klarna, Afterpay, et cetera. They apparently are not going to give you the choice of linking your payments to a credit card, which is a good thing because you don't want to have the worst of both worlds - still paying interest on your credit card. SAUNDERS: Well, Apple Pay Later will be integrated into the Apple Wallet, so it would be very easy to use if you're buying something using an Apple device. How is Apple Pay Later different from other pay-as-you-go providers or from just an old credit card? MARTÍNEZ: And the whole buy now, pay letter thing is a rapidly growing industry. When they buy it using buy now, pay later. It makes things look cheaper, and stores like it for that reason because people spend more. SAUNDERS: And you see this option, hey, pay 25% right now pay the rest later. Well, you're looking to buy something, and you think, can I afford it or not? ![]() MARTÍNEZ: Look cheaper than they are - that is a dangerous phrase, Lauren. ![]() But they can be tricky because they can make things look cheaper than they are, and people can add up debt in surprising ways. LAUREN SAUNDERS: Well, buy now, pay later products, you know, can be better than a credit card if they help you avoid paying a lot of interest or amassing debt that you pay for months or years. Lauren, Apple says its Pay Later service was designed with financial health in mind. It's called Apple Pay Later, and it lets users apply to split purchases up to a thousand bucks in four payments with no interest or fees, but is it risk free? Lauren Saunders is associate director at the National Consumer Law Center. The airline is planning to consolidate its Flagship First and Flagship Business classes into a new Flagship Suites configuration on its most premium-heavy planes, promising direct aisle access and a privacy door for everyone up front on many of its high-value routes.Some iPhone users will soon be able to use their phones to pay for purchases in installments. The rumors are true: American Airlines will be phasing out long-haul first class in the coming years.īut well-heeled travelers don’t need to fret too much. American Airlines reveals new business class and premium economy seats More: Now You Know: Marco to host school board candidates, Botanical Garden celebrates Mexico 3. More: Marco Island City Council debates advancing rental ordinance Our new online system will save Americans money, time, and effort, making it much more convenient to renew their passports.”Īpplications will be accepted until a cap is reached, but the spokesperson did not say what the amount is. “We are committed to the President’s Executive Order on Transforming Federal Customer Experience and Service Delivery to Rebuild Trust in Government,” a spokesperson for the State Department told USA TODAY in an email. “Delivering on this promise, we are working toward providing a secure online passport renewal option. ![]()
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