There are tons of buy now, pay later services, and they make money through revenue sharing w/ the retailer, as well as when people fail to pay back the loan on time.
But ideally, this would just put downward pressure on phone prices as people look to buy phones w/ cash instead of going into debt.
Honestly any moderately expensive item can be purchased through installments. Go to any electronics store and they’ll have offers like that, and they use different services to provide that financing.
It’s a non-issue, carriers don’t need to be a party to that at all. I can literally go to BestBuy or Apple and get 0% financing on a new phone and take it to any carrier I want.
But who is going to provide the financing otherwise?
There are tons of buy now, pay later services, and they make money through revenue sharing w/ the retailer, as well as when people fail to pay back the loan on time.
But ideally, this would just put downward pressure on phone prices as people look to buy phones w/ cash instead of going into debt.
Just like Smart TV’s.
Honestly any moderately expensive item can be purchased through installments. Go to any electronics store and they’ll have offers like that, and they use different services to provide that financing.
It’s a non-issue, carriers don’t need to be a party to that at all. I can literally go to BestBuy or Apple and get 0% financing on a new phone and take it to any carrier I want.