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Microsoft pushes ahead with controversial ‘buy now, pay later’ feature for Edge

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Re: Microsoft pushes ahead with controversial ‘buy now, pay later’ feature for Edge

#21
i don't really understand the controversy here. Doesn't google add Google Pay into that same menu in chrome? why shouldn't microsoft offer their payment processor too?

i'm not going to use "zip pay", but i'm also not going to use edge. this feels like an excuse for people to get angry.

Re: Microsoft pushes ahead with controversial ‘buy now, pay later’ feature for Edge

#22
I'm on the fence on this one. I don't like how the feature is pushed "in your face" like that. And at the same time, I trust Microsoft more than the average nowadays company to be respectful of privacy and my data - albeit the average is low and this is a low standard to achieve.

If you don't make money out of selling your customer's data, then you need to find ways to actually collect money from them. How it's been done is disgusting, but I think I'm aligned with the why.

Re: Microsoft pushes ahead with controversial ‘buy now, pay later’ feature for Edge

#23
post #8

Earlier quoted context omitted.

It is a for profit company, the reason is always profit.

But their thinking is flawed. The reason is of course profit, but the result will not be profit.

The ultimate result is never profit. https://wikipedia.org/wiki/Tendency_of_the_rate_of_profit_to...

Re: Microsoft pushes ahead with controversial ‘buy now, pay later’ feature for Edge

#24
post #8

Earlier quoted context omitted.

It is a for profit company, the reason is always profit.

I'm honestly not sure how much profit a 2 trillion dollar company is supposed to generate from an interest free pay later browser bloatware feature Even if you're Scrooge McDuck that sounds not worth it

The goal is per team, Edge team must find new ways to generate profit, how much they make doesn't really matter, but the goal is to keep increasing this profit.

Re: Microsoft pushes ahead with controversial ‘buy now, pay later’ feature for Edge

#25

I'm on the fence on this one. I don't like how the feature is pushed "in your face" like that. And at the same time, I trust Microsoft more than the average nowadays company to be respectful of privacy and my data - albeit the average is low and this is a low standard to achieve. If you don't make money out of selling your customer's data, then you need to find ways to actually collect money from them. How it's been…

Microsoft is still getting all your data.

Re: Microsoft pushes ahead with controversial ‘buy now, pay later’ feature for Edge

#26
post #8

Earlier quoted context omitted.

It is a for profit company, the reason is always profit.

I'm honestly not sure how much profit a 2 trillion dollar company is supposed to generate from an interest free pay later browser bloatware feature Even if you're Scrooge McDuck that sounds not worth it

There is zero proof that it will remain interest free forever; also their main goal here is to engage as much people as possible, so that each purchase click will generate profits indirectly through users profiling etc.

Re: Microsoft pushes ahead with controversial ‘buy now, pay later’ feature for Edge

#27
post #8

Microsoft finally made a browser which renders websites as expected, is up-to-date regarding security and features, and (most) people actually don't have the need to replace it with anything else. I will never understand why they NEED to ruin this. It's baffling.

It is a for profit company, the reason is always profit.

If you simply subtract some estimate of damage to their multi-billion dollar brand, it far outweighs any conceivable revenue from this creepy feature. It is not as if buy-now-pay-later is not already widely available on most merchant checkout pages. This will just be one option among many.

Re: Microsoft pushes ahead with controversial ‘buy now, pay later’ feature for Edge

#28

> It allows any purchase between $35 and $1,000 made through Microsoft Edge to be split into four payments over a six-week period. > While the service is being promoted as ‘interest-free’, some were quick to point out that all transactions are subject to a “$4 flat fee”. $4 in fees on $1000 over 6 weeks is an effective APR of around 4% - pretty good. $4 in fees on $35 over 6 weeks is an outrageous APR of around 123%.…

Why does anyone need a payment plan for a $35 item though?

Re: Microsoft pushes ahead with controversial ‘buy now, pay later’ feature for Edge

#30
post #8

Earlier quoted context omitted.

It is a for profit company, the reason is always profit.

I'm honestly not sure how much profit a 2 trillion dollar company is supposed to generate from an interest free pay later browser bloatware feature Even if you're Scrooge McDuck that sounds not worth it

> While the service is being promoted as ‘interest-free’, some were quick to point out that all transactions are subject to a “$4 flat fee”.
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