What the new 'buy now, pay later' rule means for small businesses offering the service
A live TV news station covering breaking news and traffic for Colorado Springs, Pueblo, and Southern Colorado with a strong investigative team The Consumer Financial Protection Bureau (CFP) has issued a new rule regarding small businesses offering "buy now, pay later" services, a popular way that shoppers pay for goods. The rule prevents small businesses from blaming consumers for any problems, even if they have nothing to do with the payment plan. This rule could ease small business owners' minds.
Publicados : 11 meses atrás por no Business
NEW YORK (AP) — “Buy now, pay later” services are a popular way that shoppers pay for goods. Because shoppers like the service, offering it can be a plus for a small business. But since the payment plan is offered by third-party companies — such as Affirm and Klarna — there can be risks involved too. If something goes wrong, consumers could blame the small business — even if they have nothing to do with the payment plan. But the Consumer Financial Protection Bureau issued a new rule that may ease small business owners’ minds.