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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

#61
post #43

Earlier quoted context omitted.

What shenanigans do you think Google is pulling? There's nothing equivalent in Chrome...

Extension manifest V3.

Care to explain why you think it's a bad thing? Seems like it's mostly deprecating old JS ways of doing things and introducing new JS features and a better security policy.

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

#62

It is a bad sign for a company when they start to focus on selling you finance stuff instead of focusing on what they nominally do. I remember how hard Sears pushed their credit card, for example.

Apple’s credit card is huge success.

Just about every big tech is doing the same since tech trust is so much higher than banks. Irony is - there’s still always a bank behind.

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

#63

Earlier quoted context omitted.

The winning play for them is to make genuinely the best browser, gain market share, and then start their shenanigans. Like Google did

Today's Google is a saint compared to the nineties Microsoft.

I don't know about that - 90s MS was a scumbag to any other company it could get under it but it generally didn't harm its users (other than of course being uncompetitive and limiting options) because its users were a form of customer (just not the enterprise level customers which were most important)

Google harms other companies as well that it can get under its thumb, but also harms its users.

In other words the only time I would have thought in the 90s how is MS going to harm me would be if I decided to start a company that would potentially compete with them, or would depend on standards they were likely to sabotage.

Today if I decide to use a google service I have to to wonder - how is google going to harm me?

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

#64

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.

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

#65
post #4

This article is click-bait bullshit. The title says "Microsoft pushes ahead with controversial ‘buy now, pay later’ feature for Edge browser" But the text says: "Microsoft has not responded to repeated requests for comment. Given the widespread condemnation of the feature, it may be reconsidering a full rollout – its deal with Zip permitting." There is zero substance in this article. And I say the above as a 90's Lin…

[deleted]

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

#67

> 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?

People put $35 items on their credit cards all the time, and don't always pay off their balance monthly.

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

#68

> 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%.…

The interest on $35 is only $4 since it is a flat rate not a reoccurring rate.

Right. It's a fixed term loan. Not revolving credit. These 2 loans are mathematically equivalent:

$35 at 0% APR, $4 fees, 6 weeks fixed term

$35 at 123% APR, $0 fees, 6 weeks fixed term

You could argue the high APR loan is worse because interest will be compounding if you miss your payments. But I'm guessing the Zip loan also has late payment fees.

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

#69
post #44

Earlier quoted context omitted.

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

As another said, the goal to increase revenue is per team. The Edge team must likely find proof for how they will drive revenue in the future. Suddenly you've got a full browser engineering team trying to figure out how to monetize a browser - tough sell. So they can't come up with anything, that's fine because a product manager is the owner of this task anyway. They propose a myriad of different ways to monetize Edg…

"The peripheral drivers team needs to increase it's revenue."

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

#70

> 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?

Because it hides the true price of things. It makes it easier to consume blindly with no regard to the actual cost.
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