you also have to apply for new credit if you want to use BNPL, which is a pain, and you have to hand over your personal details to someone you don’t know. This is where people walk away from the sale.
There are plenty of people with good credit that have heaps of room on their credit card. They pay it off every month. That big chunky purchase (expensive jewellery for your partner - notice the new jewellers with SPT) that you can now spread out and budget for. Daughters wedding (where this idea came from) and other stuff that middle class people spend on.
There is a big market for SPT that is not traditional BNPL.
SPT Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
