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The Guardian - AU
The Guardian - AU
Business
Jordyn Beazley

Buy now, pay later schemes increasingly an avenue for financial abuse, report finds

Afterpay BNPL Phoebe United States Good Shepherd Zip
Logo of financial service Afterpay on a shop window
The report recommends increasing income support payments and the escaping family violence payment as well as tighter regulation of buy now, pay later services. Photograph: Stephen Coates/Reuters

It started with Afterpay, Phoebe* says.

Over four years, her former partner coerced her into opening 12 buy now, pay later accounts with different providers, which he used to rack up more than $5,000 of debt in her name.

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