Debt on APT vs CC is not even close... You stuff up on APT, you're kicked off the platform and can't use it anymore, but that's well before you could rack up a huge debt as you won't be approved on further purchases if you're defaulting on existing ones. With lower available credit than a CC, only 4 installments, and a "use it wisely or never again" approach, this would actually encourage more responsible spending & budgeting. APT's primary use is for when you have cash flow but it's tighter at the given moment, used as anything else and, well, the above happens anyway.... but being in debt say $500 is the lesser of 2 evils than $5000+ on a credit card with 15% interest rate. And only in fantasy land does a country of debt free people exist.
You also can't expect people to layby little $100, $200, $70, etc, every time, and all merchants to have space to hold all those laybys until they're paid off. Also, you can Afterpay services... how would you go lay by-ing services, particularly appointment based ones?
Your response more so suggests a reluctance to accept change. If anything I personally think some of the others, eg: Humm, should be in line with APT and have a lower limit to create more responsible usage.... $10,000 is a little extreme on BNPL.
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