Afterpay to start Buy Now, Pay later subscription service; Affirm shares drop
$Affirm Holdings(AFRM.US$ shares slip 1.9% in premarket trading after rival $AFTERPAY LTD SPONS ADS ECH REP 1 ORD SHS(AFTPY.US$ introduces a Buy Now, Pay Later subscription service in the U.S.
Afterpay stock gains 0.9%.
Merchants, including Fabletics, IPSY, BoxyCharm, and Savage X Fenty, will be among the first to offer consumers the option to pay for recurring purchases in installments starting early next year.
The new service allows qualified merchant partners to potentially offer Afterpay for everyday payment needs including gym memberships, entertainment subscriptions, online services and more.
The subscriptions will be available to consumers across online platforms in the U.S. and Australia by early 2022, with plans to extend the feature in-store and to other regions including Canada, New Zealand, the U.K., and Europe.
$PayPal(PYPL.US$, which also has a BNPL service, drops 0.7% in premarket trading.
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Brain Gomes : Buy now pay later subscription service? Why not add points spent to a persons Independence card while you’re at it and provide housing vouchers plus a lifetime membership to rent a center
arts food business : credit----this wont end well, no?
Oavbab : every company wants a piece of the shark loan industry
Rickydi : Aren’t gym membership already paid for in instalments?
zukG4HQuCI : Sounds like a recipe for disaster.
O15Cbt1QkM : I have owned MA and V for yrs. I sold months back. Simply put, at these lofty valuations, and with everyone jumping into the space, it’s time to move on. I reinvested in oil and nat gas. And I finally jum
EshoROsvP7 O15Cbt1QkM: If you sold MA or V because of credit risk then you really don’t understand what you were investing in, in the first place.
t1i5xTWxyB : So an avenue for even more consumer debt? Pathetic.
BBHmissing : big news for Square which acquired afterpay
Stay by myself : Huh? Isn’t AFRM price up because of this?
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