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buy now pay later Microsoft Edge Scheme criticized

Such schemes let buyers divide payments into smaller chunks over time – but have been criticised for their risk of users getting into debt. Microsoft says it “does not collect a fee for connecting users to loan providers” and it is not clear what benefit the company is receiving from the deal struck with payment provider Zip. The new feature inserts the payment option “at browser level”, Microsoft says – so that it appears as a payment method next to the credit card field at checkout. It integrates with Zip’s payment system to let any purchase between $35 and $1,000 . How does Microsoft benefit from this scheme?

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