The Conversation

How Zip Pay works, and why the extra cost of 'buy now, pay later' is still enticing

  • Written by Saurav Dutta, Head of School at the School of Accounting, Curtin University
How Zip Pay works, and why the extra cost of 'buy now, pay later' is still enticingZip Co's 'buy now pay later' service is growing in popularity. But because its business model avoids the responsible lending requirements, consumer advocates are worried.Wikimedia

Zip Co’s “buy now, pay later” service is fast becoming a ubiquitous payment option in Australia. Retailers from Bunnings and Best & Less to Target...

Read more: How Zip Pay works, and why the extra cost of 'buy now, pay later' is still enticing

More Articles ...

  1. One-third of Australians think banks do nothing for the greater public good
  2. It's unanimous: Economists' poll says we can fix the banks. But that doesn't mean we will
  3. Welcome to your first job: expect to be underpaid, bullied, harassed or exploited in some way
  4. Killed in the line of work duties: we need to fix dangerous loopholes in health and safety laws
  5. Understanding Hayne. Why less is more
  6. Words that matter. What’s a franking credit? What’s dividend imputation. And what's “retiree tax”?
  7. Frydenberg is wrong to support Ivanka and Donald Trump on the World Bank. It'd be better to let it die
  8. Vital Signs. If needed, this man can and will cut rates during the election campaign
  9. Defence mechanisms. Why NAB chairman Ken Henry lost his job
  10. What TV comedy The Good Place tells us about why banks and other corporations do bad things
  11. Banking Royal Commission: How Hayne failed remote Australia
  12. How public ineptitude and private enterprise combined to give Venezuela hyperinflation
  13. Why bank shares are climbing despite the royal commission
  14. Hayne's failure to tackle bank structure means that in a decade or so another treasurer will have to call another royal commission
  15. Banking Royal Commission: the real problem is how we value executives and workers
  16. Compensation scheme to follow Hayne’s indictment of financial sector
  17. Research shows most online consumer contracts are incomprehensible, but still legally binding
  18. Pro tip for Australia's banks: imagine you are in Canada
  19. Six questions our banks need to answer to regain trust
  20. Banks are enabling economic abuse. Here's how they could be stopping it
  21. Vital Signs. Yet another year of steady rates. What's the point of the RBA inflation target?
  22. Why Australians are falling in love with American football, and what it means for local leagues
  23. What banking regulators can learn from Deepwater Horizon and other industrial catastrophes
  24. A Trump-aligned World Bank may be bad for climate action and trade, but good for Chinese ambitions
  25. Too big to fail. The risks to Australian taxpayers from New Zealand banks
  26. Throw a sea cucumber on the barbie: Australia's trade history really is something to celebrate
  27. Low income, no assets, large credit-card debt: why more older Australians are declaring bankruptcy
  28. Dirty deeds: how to stop Australian miners abroad being linked to death and destruction
  29. As work gets more ambiguous, younger generations may be less equipped for it
  30. Gillette has it right: advertisers can't just celebrate masculinity and ignore the #metoo movement
  31. Stranger than fiction. Who Labor's capital gains tax changes will really hurt
  32. The financially well-off defy the stereotypes. They include retirees, and mortgagees
  33. Vital Signs: the power of not being too clear
  34. Recycling is not enough. Zero-packaging stores show we can kick our plastic addiction
  35. Gillette's corporate calculation shows just how far the #metoo movement has come
  36. The big lesson from Opal Tower is that badly built apartments aren't only an issue for residents
  37. More than unpopular. How ParentsNext intrudes on single parents' human rights
  38. New figures put it beyond doubt. When it comes to company tax, we are a high-tax country, in part because it works well for us
  39. It's not just the isolation. Working from home has surprising downsides
  40. Sugar daddy capitalism: even the world's oldest profession is being uberised
  41. Superannuation: why we stick with the duds
  42. The Productivity Commission inquiry was just the start. It's time for a broader review of super and how much it is needed
  43. Vital Signs: so far, it's more of a house price blip than a bust in the making
  44. The economics of 'cash for cane toads' – a textbook example of perverse incentives
  45. Productivity Commission finds super a bad deal. And yes, it comes out of wages
  46. There are lessons to be drawn from the cracks that appeared in Sydney's Opal Tower, but they extend beyond building certification
  47. Almost every brand of tuna on supermarket shelves shows why modern slavery laws are needed
  48. Businesses think they're on top of carbon risk, but tourism destinations have barely a clue
  49. Very risky business: the pros and cons of insurance companies embracing artificial intelligence
  50. Brick-bait: three tricks up retailers' sleeves to lure you back to physical shops