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So for Amazon though, I feel like if you're doing the free trial and you don't input, but even then you input your credit card, right? I don't understand how it's tricked and accidental if I have to put in my credit card number to either get the free trial or accidentally buy Prime. I guess that's the backend, I understand.

±Ê²¹²â±Ê²¹±ô’s cards can also be added to the Apple Wallet. Why the switch? PayPal has been pushing a celebrity-studded PayPal Everywhere campaign to encourage users and cardholders to use its slate of payment options—debit, credit, and prepaid—everywhere they shop.

It’s incentivized existing users to invite friends or creators to the app by offering them the chance to win rewards like gift cards, discounts, or TikTok Shop credits. Plus, newer features—like a meditation function that recently rolled out to help teens avoid late-night scrolling—could be aimed toward placating parents, who may be more likely to let their kids use the app as a result.

US consumers, inflation adjusted median household income, it's a lot, fell for the third straight year in 2022 according to the US Census Bureau and Zack, Zak Stambor who we mentioned earlier, noting part of the reasons people are finding it harder to get access to credit. A record number of folks saying it's harder to get loans, credit cards, mortgages.

We're seeing things now like increased credit card debt, more defaults, interestingly, even among American Express card holders who tend to be a more wealthy consumer, and increases in the use of Buy Now, Pay Later services, even for things like paying for groceries, using credit cards to pay rent for example.

It's solely things that people have to fork over a credit card for. Marcus Johnson:. Okay. So it's SVOD? Ross Benes:. Subscription OTT, SVOD. Basically, there's many acronyms in this space, unfortunately. Marcus Johnson:. Yeah. Okay. So it's on that side of the bracket, if you will. It's on the streaming side, under streaming AVOD and SVOD, and under SVOD, you've got the ad-supported and the ad-free.

Maybe they come in through different points for your loyalty service or your credit card or your form fill. This information is all different.

Its funding costs shot up 81% YoY in H1, and consumer credit losses widened, growing 39% YoY. Our take: While no longer in the height of the BNPL boom, Klarna is finding ways to maintain long-term profitability. It still faces hurdles to get there—while also navigating a shifting regulatory environment.

Cash App plans to push deeper into lending services by integrating Afterpay on the Cash App Card. Afterpay’s popularity could attract new cardholders: BNPL gross merchandise volume increased 23% YoY in Q3, totaling $8.24 billion.

And so there is this weird tension that's happening, but the pendulum is starting to swing in the disfavor of the consumer because of all the things you just said, around the savings rates are going down but credit card usage is going up, and as the interest rate continues to go up, and nevermind what just happened in the banking system.

It's a really interesting thing because obviously, a lot of Gen Z'ers are jumping onto BNPL because they either don't want to embrace traditional credit cards or don't have the credit yet, but it's still effectively very similar. Debt is debt.

I think in the age of face ID and one click checkout, having to enter any kind of information on a mobile phone is very frustrating, particularly credit card information and billing address if it's not already saved there or stored somehow.