A Boring Dystopia

9748 readers

259 users here now

Pictures, Videos, Articles showing just how boring it is to live in a dystopic society, or with signs of a dystopic society.

Rules (Subject to Change)

--Be a Decent Human Being

--Posting news articles: include the source name and exact title from article in your post title

--Posts must have something to do with the topic

--Zero tolerance for Racism/Sexism/Ableism/etc.

--No NSFW content

--Abide by the rules of lemmy.world

founded 1 year ago

MODERATORS

[email protected]

282

54% of Gen Z Shoppers Use Pay Later Plans to Buy Groceries (www.pymnts.com)

submitted 5 months ago by [email protected] to c/[email protected]

131 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 74 points 5 months ago (47 children)

"Pay later plans"? Other than credit cards, WTF are you talking about?

Yeah, I have a credit card that pays me back 5% cash on grocery store purchases. It would be stupid NOT to use it, then I pay the card off every pay day.

Groceries + free money.

[–] [email protected] 7 points 5 months ago (7 children)

Yeah, I have a credit card that pays me back 5% cash on grocery store purchases. It would be stupid NOT to use it

Groceries + free money.

I'm reading this as a European and have questions... We all know that there is non free money. So, what's the business model? Making you use the card more by giving you "free" money and making the shops pay more to use the payment service, so that the shops then increase the prices, so that you pay the same as before (considering increased prices and cashback), but are now using the payment system a lot more?

[–] [email protected] 8 points 5 months ago (2 children)

making the shops pay more to use the payment service, so that the shops then increase the prices, so that you pay the same as before

Just nitpicking because I enjoy these thoughts:

When the shop increases prices, it has to do it for all the customers, including the ones without credit card. So a part of the cost is offloaded to other types of customers. While credit card customers should see a slight increase in price, it should not be as much as they saved previously. So still a net win for them, at the cost of others.

As others pointed out, the real scheme is probably entirely different.

[–] [email protected] 1 points 5 months ago (1 children)

A lot of smaller businesses charge you extra for using the credit card or something similar.

The bigger businesses don’t do that.

[–] [email protected] 3 points 5 months ago

Of course the bigger businesses do. it's rolled into operating costs and is reflected in their pricing.

You just don't end up with a different price differentiated by the transaction method.

load more comments (4 replies)

load more comments (43 replies)