How Buy Now Pay Later Business Make Money Off You

Do you know what share of a buy now, pay later company's revenue actually comes from late fees? Have you ever guessed why a shop is happy to pay three times more for that button than for your credit card? Do you know where your money actually goes the moment you tap it? Ever wondered why Klarna cares as much about what you almost bought as what you did? Does it change anything to know these loans were invisible on your credit file until this year?

This is how buy now, pay later companies actually make money, and why the late fee you're afraid of is the smallest part of the business.