Apple BNPL Canceled

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Yeah it's basically a credit card so regulations are absolutely inevitable hopefully.

themikead

Apple? Avoiding regulation? I’m shocked! Shocked, I say!

silmarian

Yes. Regulators is the reason.
This was news months ago that regulators were investigating all these buy now pay later schemes.

thegoldenatlas

Never get a loan from anyone who isn't a bank, ideally not even then.

Voltaic_Fire

Goldman Sachs is sick of apple and losing money. They have tried to dump Apple but couldn’t so I think it was just part of the two attempting to save face.

JeffreyBodenstein

They already did this with their payments. You can buy movies and music without money. And they just charge you when you get paid. (Even without being part of their credit card thing)

TRINITY

Is this because of Schlatt with his 5 phones.

HumbleBeeUK

Apple doesn't want consumer protection?! SHOCKING!

root

Apple realizing that not all there customers are rich and would do anything to get stuff cheaper while keeping the same elitist overpriced bs

he

Companies will do anything to avoid regulations and 40+ years of deregulation is directly (partially) responsible for most of the issues we have in the US.

daniel-panek

Wow apple trying to mislead people? No way what a shocker 😂

KelBShobra

I loved it 0% interest only 25% down I loved it the 2 times I was able to use it (yes I paid on time) but couldn’t a third time it sucks

ADGaming-

This is exactly how the Great Depression happened everyone purchased now, but didn't pay later

LaxTheme

Who knew Apple would be afraid of making sure their customers are treated right💀

DoNotCallMyBrother

Uncle Sam for the win!!!

God Bless The United Stats of America 🇺🇸🇺🇸

ab_s

I actually see this as a win because those BNPL schemes (not just Apple) are very easy to get in debt with, even faster than a credit card, and it’s currently the fastest growing form of consumer debt, especially amongst millennials.

xfaster

I don't wanna know the amount of developing and stuff that went into that just for it to be canceled

kipchickensout

Because it was a shockingly low amount you could do it for $1000, if it even went up to 1500 I would’ve used it. Especially at zero percent interest.

Flightbudychannel

Imagine Apple getting screwed by their customers. Must be odd being on the receiving end for them.

justasurfer

"The customer is ripping off apple" i mean...deserved

jamesbaron

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