Anna Maria Andriotis

speaker

3,396 appearances 52 recordings 1 series first heard Jul 2017 last heard Dec 2022

Anna Maria Andriotis’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

Appearances

newest first · ▶ plays the moment

WSJ Your Money Briefing · Should You 'Buy Now, Pay Later' When Checking Out? · 16 Sep 2021 podcast

The way that the underwriting works varies by company. matched

Some will check people's credit reports. matched

Some won't. matched

All companies say that whether or not they do check their credit reports, they do look at other data beyond that. matched

Part of what's going on here is that these payment companies are building an ecosystem of merchants. matched

Because, you know, again, talking about some of the more popular ones in the U.S., what's happening is that they're basically racking up thousands of merchants within their own, let's call it, network. matched

So that if a consumer gets an Affirm payment plan, for example, with one merchant, and then doesn't manage that payment plan well, and then is shopping at a different merchant and tries to apply for an Affirm loan, for example, with a different merchant, Affirm has that payment information, has that track record. matched

So that will diminish the person's ability to be able to get approved again for an Affirm plan at a different merchant. matched

There is, and this is the main revenue generator for a lot of these buy now, pay later companies. matched

Generally speaking, these fees will be somewhere in the ballpark of matched

three to 5% of the purchase price. matched

So this is a costly service for merchants. matched

But with the fees that they're paying, they expect a specific upside to that, an increase in sales, more sales, and more sales in a couple of ways. matched

One, that they are getting shoppers who are actually executing these purchases, making these purchases, who otherwise wouldn't have been. matched

So new shoppers coming in, as well as an increase in the dollar amount of the purchases that consumers are making. matched

So there are drawbacks to begin with. matched

Again, this varies depending on how risky or not the buy now, pay later provider views the specific consumer as being. matched

But depending on the provider, there can be interest charges. matched

Those interest charges can run pretty high. matched

They can be in the 20% range, if not 30%. matched

Showing 881–900 of 3,396 · page 45 of 170