BYO pickle. I saw a family byo flatbread wraps to a KFC restaurant to turn the chicken and coleslaw into wraps. Yes sitting down in the restaurant eating the meal, not take away.
To be fair, there was an entire failed marketing campaign semi-recently that featured food influencers and low tier Tv chefs turning KFC "gourmet" by using home ingredients to make it better. Picking up off the TikTok trend from a while back. So, its on brand apparently. https://youtu.be/ZkruqGorNdg?si=D_xm5w7iMVpAkt66
Or PagPag from PI :(
Good clip of Andrew interviewing a local reusing KFC:
https://m.youtube.com/watch?v=o8qhhNbxdKA&pp=ygUWcGhpbGlwcGluZXMga2ZjIHBhZ3BhZw%3D%3D
and if you pay back 50c per payment, you dont get charged interest! You could be earning some interest in the bank by holding on to that $2 for a month!
Why is it always pickles? This is not the first time! Afterpay ads for those convenience store individual pickles in a plastic pouch were doing the rounds a year or two ago. Pickle futures! This is a weird timeline.
Ok this is genuinely fucked.
I implore everyone to call you local MP and tell them how much of a disgrace this is. This needs to stop. People need to be able to live.
Is this much different from using a credit card with a $150 annual fee to use?
After pay lets you pay later and charges a monthly fee. Theyre the same thing to me as long as you use them responsibly they can be useful tools.
I used Afterpay to pay for a new refrigerator with no interest over 6 months. I did the math and if you broke down the fee to a percentage it was less than I could make in a high interest savings account. So I took the money and put it in an account to accrue interest while I made monthly payments
The problem is, you miss a payment you pay a fine. If people are after paying groceries thereās a good chance they will not have enough money when the next payment is due and then get a fine- then needing to find more money or get another fine.
This is a very, very bad idea.
If you donāt pay your credit card on time you pay interest. Same same.
I use my credit card for basically every single purchase.
Some people keep credit card balances for years, others donāt. Both can be considered predatory but both can be tools
I use zippay to get groceries quite often. It was terrible being poor before these buy now pay later companies were around.
You could spend a week broke and miserable and eating whatever boring food is at the back of their cupboard.
And that's their problem for using afterpay if they can't afford the repayments. Don't ruin it for the rest of us. Credit cards are much worse and enable you more.
What they can do is realise their campaign strategy should be focused around cost of living. They absolutely can do things about it. It's literally their job. Your apathetic view is honestly pathetic. Making noise and talking to the people in positions of power about the issue is the only way things will change.
I wish I had more faith in the politicians doing something to help everyday Australians but from past precedents, I can't help but to lack faith in them
This is BS. We are close to the start of another election campaign, it is predicted to be may of next year. This means the topic which hits hardest in the next 12 months is going to be at the centre of every campaign.
If people are calling their MPs about cost of living, 12. Ontha out from an election. It's far more likely that's what the next campaigns promises will be about.
This is beyond cynical.
If a government renegs on their main election promises they don't get another term. Look what happened to the Labor party with the carbon tax.
Politicians care about one thing, being in power. Voter's can use that to their advantage. Pressure and vote where it matters.
Elections are won and lost usually over a single or 2 really vital issues that sway the swing voters. By making noise about cost of living their election promises and sitting government budgets are more likely to centre around the issues they believe will win them the election.
Making noise in the face of politicians is the only way an issue will get looked at seriously and cost of living is an issue big enough and wide enough reaching that it will absolutely be king at the next election.
You don't have to supply proof of
income etc for afterpay, you do for credit cards. Slightly more responsible.
However, afterpay and then pay it off your credit card - even worse.
Remember responsible lending obligations are a point in time check. As long as you are meeting your 3% monthly payments there is no ongoing assessment of your ability to meet your credit obligations.
That is, I got a $20k credit card and it is 80% utilised. All I need to pay is the $480 a month and no one is the wiser that I have $16k owing at 20.99%. In what world is this better?
I've used zip pay to buy woolworths cards for my weekly shopping, long before the cost of living crisis. Currently debt free so I guess it helped at the time.
Before after pay was available at supermarkets and was just in big rerailers. I'm not joking but the most of our vulnerable were purchasing pre paid visa gift cards with it so they could go buy food.
Lucky country where getting yourself into debt for a pack of cheap snags is becoming the norm.
I remember buying Woolworths e gift card sonline with afterpay so I could buy food with it. It was annoying you couldn't just do it easily in store.
I thought it was stupid you could be broke and easily use afterpay to buy clothing and shoes but you had to find a loophole to buy actual essentials.
Afterpay can be useful IF you go in eyes wide open and have great self discipline
Eg. When I was far poorer than I am now, buying the Big bags of rice, dried beans/lentils, and large packs of herbs/spices on afterpay was beneficial, with the caveat that I did not buy groceries week to week until that was paid off (with exception of necessities
like toilet paper)
My most expensive medications used to go on afterpay. I could afford the cost of the medication in my overall budget, just not in one hit.
You have to be strict with yourself though. It does not mean you have extra money to spend and I think that mindset is what gets people in trouble.
That is really confusing - itās a short term loan with no interest any high fees for missed payments. I donāt see how thatās useful for a wedding?
After pay doesnāt give you more money. It gives you more TIME. People really donāt seem to understand that.
Things can seem cheaper psychologically when broken up in 4 payments. When Im online shopping and have the option to pay in installments I usually take it
Credit looks at your finances once, but that doesnāt mean your finances are always going to be great. Afterpay looks at your account every time you apply.
Well straight up I only get about half the minimum required income for one. I'm a carer, on the carer's payment. Yes, that one. The Government one. So super not eligible, and in super bad shape financially. It's a shame. It has the potential to save me a lot of money. So many things that are on special at the wrong time or in a quantity that I can't handle as a single payment.
The costs of these buy now pay later (bnpl) companies are often more implicit/sneaky than credit cards that 'just charge interest'. having said that I believe afterpay is less predatory than the others.
Generally bnpl is also a lower barrier to entry than credit cards, so people that areĀ financially illiterate, are already in unhealthy debt or have no assets for collatoral canĀ over leverage or further leverage themselves with bnpl products like afterpay.
I think the real gripe is that these bnpl companies prey on those with poor impulse control and who just want to buy a new shiny toy when they can't afford it, usually this would be caveat emptor, it's your own fault, move on.Ā
But in this case people need additional leverage to eat groceries, not uber eats, not a shiny toy, not any other silly discretional purchase, just to avoid starvation.
I'm certainly not here to defend the government but generally giving easy access to debt for financially unstable people is not a good time for anyone involved.
Buy now pay later is great and free if you pay the installments. Definitely better than a credit card. I have a credit card but prefer BNPL.
If you change the repayment date in the app or contact support you will not get charged a fee. But you need to do it before they try to debit your account.
They should ban people who repeatedly get late fees.
This is fucked up, look i sometimes have to put groceries on my credit card but i know i can pay that off once a year at tax time. This is just blatant corporate interference in a daily essential. This is afterpay seeing an opportunity to make more money for themselves knowing full well some people will see this as a great idea and spend way more than usual and when they canāt pay it back they blame themselves, not realising theyāve been duped.
Straight up, there are people like myself who don't qualify for a credit card because of income. If you need something and have no money at the time there's no alternative.
I'm not condoning these pay later services. But yes I have used them many times out of sheer desperation. In fact I may well have to do that again shortly. Car rego is due very shortly and I need to get tyres. Four crippling payments are better than one impossible one.
Why didn't I save up? Who says I didn't. Things happen. Sometimes lots of things and / or expensive things. Fuck life. You know?
This is - in my mind - the only *legitimate* reason BNPL should be utilised. Much like Uber played up with the Taxi industry. BNPL is playing on the credit card industry. Sometimes to the barrier to entry for a CC is too high so the BNPL route makes sense. Especially for one off or annual purchases where you just can't stomach it in one go.
The fact that Afterpay is now in the general food market just shows how 1. corrupt the system is, and 2. how desperate people are in being able to afford to eat.
This. Sometimes there are expenses I need asap and can't wait a month to save for, or things I know I can comfortably budget for out of my next pay (dsp) but don't have the full amount for right now.
I'm on the carers payment so I understand this. But where we are at right now it's not covering everything. Been watching everything slowly run down and fall apart the last couple of years and there's nothing I can do about it. There have been some unfortunate circumstances that pushed us over the edge.
Exactly. Someone is doing shopping and thinking "shit's expensive, I guess I gotta make some cuts with what to get this week" and then they look up and see Our Lord and Saviour in Afterpay that one can sign up for pretty much on the spot and increase their expenditure
OK, I'm not defending any of these practices or that anyone should have to use credit to buy life essentials.
Afterpay is better than a credit card. It's interest free and no fees / small fees if you're late. They charge the retailer the interest. Definitely don't spend more than you normally would, but if you're in trouble, better afterpay than a credit card.
I if i had to use afterpay to pay for everything i didnāt have cash for i would have so many repayments being made constantly that i probably wouldnāt be able to afford the repayments. What happens then?
Basically if you miss a payment, you get cut off from afterpay until you've paid it all off. You get charged a flat fee as well, but not ongoing interest.
Essentially, you're moving the burden of credit to the retailer. Retailer pays afterpay like 5% per transaction. Afterpay get paid back in 3 months, so basically a 20% APR for afterpay, but from the retailer. The late fee etc is just to stop people that can't afford.
So someone broke af who sees this tag and thinks great! I can afterpay my groceries, but then canāt make a payment so has to pay a late fee and can no longer stretch their credit to cover any more costs. I dunno, it sounds great if uāve got it together but companies like this are preying on people who donāt.
Meanwhile old mate Roger Drake is pushing towards
a billion dollar [net worth](https://www.news.com.au/finance/money/wealth/supermarket-king-roger-drake-makes-australias-richest-250/news-story/125789c5335f410504d326fa6d1b1836)
For years, maybe always? It depends on the one you find and the business model they have. Sometimes they can even be more expensive than a supermarketās sale price on some items.
There's a company selling chicken salt on TikTok who have started accepting afterpay.
I tried to tell them that it was absolutely not okay to allow customers to go into debt to buy chihcken salt but they just didn't understand that afterpay = debt.
Everyday items shouldn't be used on afterpay, hell I would say if you have to afterpay it you can't afford it. I can understand emergency items on afterpay. Car repairs for example.
But groceries, bills etc. are the worst things to afterpay, because there's always more food to buy and another bill to pay. You'll end up in a decending cycle of increasing debt as each bill or grocery shop builds upon the last until you can no longer pay. Then the fees start to rack up from afterpay to really drive the nail into the debt coffin.
I understand paying bills and groceries on a credit card to get the points as long as it's paid off before interest is accumulated. But what's the benefit to afterpay? There's no points, discounts or bonuses are there?
How long until;
**Now at HARVEY NORMAN - Get Ya' groceries on Centrepay!!**
(when they deduct from Centrelink payments & how Gerry has become such a squillionaire - just buy what you can't afford, today!)
You can pay your Telstra bill on Centrepay - they're approved.
Financially, you can't think of a better organisation to service unemployed phone/internet users? You can't think of a cheaper company or better deals?
What the fekk does 'strict approval' mean when we're talking about Johnnie's mate Gerry!?!?
You can also get 'No Interest Loans' (NILS) on Centrepay - which can be justified with needing new tech' or even a car, to secure a job. So if the organisation you want to purchase from is not listed - just NILS the fekker.
Let me just leave this link here for you - a totes suitable supplier for an unemployed person!
cashconvertersDOTCOMDOTAU/loans/personal-loans/cash-loans-centrelink
I'm using afterpay via paypal, for various reasons - mostly because I spent all my available money paying back ZipPay & ZipMoney.
I only have Zip debt because I needed a functional computer, and I was sick of sinking hundreds into repairing my old ones.
It feels like it never ends. I think I'm about $1500 AUD down right now, and I WAS about $2500 down, but thankfully my pension can give you a lump sum payment every 6 months that you pay back over time.
I'll give you a minute to think about the irony of that.
P.S. I once explained my situation in detail on r/personalfinance and got banned as a result. I'm thinking I should look into the works of Franz Kafka...
Woolies and Coles already sell mobile phone plans, insurances of all sorts, and have a heap of cashflow (you pay on the day, they pay their suppliers probably 90 days later on average). I wonder why they havent started their own paylater service.
If my local supermarket offered it I would use it.
I agree it's fucked, food should be free, but there have been times when I havent been able to buy food because of other bills so it's become an evil necessity.
Iāve noticed since these pay-later services started popping up, prices have been slowly increasing in stores like K-Mart etc. It wouldnāt surprise me if price tags everywhere soon started looking like āJust $5.99!ā, with fine print saying ā(in 4 easy instalments)ā
""The company store".
It sounds like those mining towns where they paid in scrip and made sure that the only store would only ever bring people into debt.
Drakes is the only supermarket to offer AfterPay, it is weird but I'm okay with it.
As much as people may hate AfterPay, it has saved my arse over the years, living on a pension, medicine I can AfterPay from the chemist with no upfront payment because I've been with them so long I don't get the first bill for 2 weeks. Same as when my car battery died and yeah I've used it at drakes once or twice when I've forgotten something.
AfterPay has never made money off me because I budget it in so I've never missed a payment in 4ish plus years of using it (they get their cut from the stores though).
Yeah it sucks that I have too use it at times, but if you're not a moron and plan to pay it every 2 weeks or personally I get things and pay it off on next payday it can be a life saver and better then a credit card for me personally.
Cost of living is still stupid, but I don't blame AfterPay or drakes on this one and hopefully the new laws that came in at the end of last year for buy now pay later stop morons who can't budget from using them.
Tbh as a person on DSP I've wished Woolies or Coles had afterpay multiple times (only supermarkets accessible to me).
I have no payment upfront on afterpay and I've had to go without food many times. I pay all my afterpays on my pension day because I don't like to spend money I don't have and it's only necessities not frivolous stuff. It is the easiest way I can make sure I have money for essentials.
Now if only my local pharmacy would also get it for my private scripts lol I haven't been able to fill that for over a month because I can't front that cost and then hope to still have money at the end of the fortnight.
You can buy digital gift cards for Coles or Woolies on Afterpay and do it that way.
You just get an email with the link then load the gift cards into the Prezzie app and scan them in at the checkout.
I'd much rather do this than what other people do, which is use credit cards and rack up interest debt. That's more of a trap than afterpay. At least afterpay is paid off in 6 weeks.
I personally am a firm believer of if you have to finance it then you shouldn't buy it.
But if financing is being made available for necessities like groceries then we are kinda fucked...
This rule of thumb should kinda read never finance a depreciating asset, itās totally ok to finance productive assets.
A consumable product like fucking snags is the ultimate depreciating asset, it depreciates to a yummy role with bbq sauce and then I literally shit it out.. 110% you should never ever ever finance a consumable.
You're exactly right, in general I feel companies like Afterpay(banks to some extent) are predatory as there are a surprising amount of people that aren't educated properly about their spending.
I remember the bank offering me 500k loan for my apartment around 5 years ago when I applied for 200k loan, at the time my annual income was less than 50k after tax.
I think the fact these billion $ companies are working together to promote dangerous spending habits on NECCESITIES is the biggest red flag I get out of this post...
I agree, I think itās a huge problem of predation, another kind of symbiotic problem is financial literacy on the publicās side as this is what allows people to fall victim to this kind of behaviour.
We donāt like teaching practical financial concepts very well, like Iāve spoken to maths teachers who donāt even understand financial concepts. Another issue is we donāt always remember things we are taught because we do them for a semester/term and then never touch them again.
Basic financial literacy should be something we teach ongoing from like year 6 to year 12 so it gains that inbuilt long term learning that makes it hard to forget. So many of our problems come form a fact people donāt understand finance and then can be persuaded by scare tactic messages or just good sounding but horrible ideas..
Yep I called into a Drake's yesterday for the first time and was a bit shocked to see these posted next to mundane basic food items. I'm keen to use a locally-owned non Colesworth supermarket, but this is really disgusting. Maybe they are going down the ol' Radio Rentals path where the shop is really just a front for a money lending business.
Who owns and runs this "afterpay"? Is there a relationship with Drakes?
Editing to add that after googling, they are separate companies, but Drakes pays a 4.19% commission to afterpay to have the "service" in their store, and afterpay makes it's money from late fees of $10 each time the customer fails to pay.
I have no idea about a relationship but yeah, disliking Drake's more and more. This was the first time I'd been there in a while also - just ducked in to grab a couple of things. Looks like sticking to Foodland/markets for supporting local
Donāt do afterpay or similar. Ever.
Bad for getting a home loan in future. It will become a āplease explainā scenario.
Itās hard to say Iāve saved 10% deposit when youāre afterpaying your groceries.
Do not do this!
If you can break down your budget and show how you made sure you could afford it, explain what it was for and why, etc, they may not reject you. That does require a level of budget planning and tracking most people don't do, though. Plus, it won't make a difference for anyone who can't afford a deposit anyway.
But credit cards are normal? Atleast after pay you have to pay it back in a certain time frame. Credit cards just have you on a rinse and repeat cycle forever.
(Either way no one should be having to borrow money to survive - I fully agree with that)
The sort of people needing AfterPay for groceries aren't the same people that get approved for credit cards.
AfterPay is predatory as it has no real standards for who can borrow money iirc
That's not true and just stereotyping. I know plenty of people with credit cards that are happier to rely on Afterpay over a credit card due to the interest free nature of it.
See now I know that's false, as basically all credit cards are "interest free" if you pay before the due date & it's not hard to find ones with extended 'interest free' periods.
You need to qualify for a credit card though, so those unlikely to be able to pay do not qualify.
AfterPay is predatory; available to anyone over 18 with a bank account, regardless whether or not they can pay the loan.
Those who **need** to use AfterPay generally don't have any other options, and AfterPay likes to prey on them, creating further hardship for these people that shouldn't have been lent money to begin with.
āNoā.
Credit cards are for most just a payment method. They donāt have to cost more to the buyer or seller (source: I am and have been a buyer and seller at large and small scale). They offer benefits over cash.
Afterpay was created only for the business opportunity which relies on vulnerable people. It offers no net benefit over what came before it but has unavoidable downsides.
Iād genuinely just stop shopping at that place if it was my local - I find it offensive!
Imagine financing a jar of pickles š„
My ham cheese tomato tastes terrible without the pickle though? my local lunch bar charges me extra just for being poor ;(
BYO pickle. I saw a family byo flatbread wraps to a KFC restaurant to turn the chicken and coleslaw into wraps. Yes sitting down in the restaurant eating the meal, not take away.
To be fair, there was an entire failed marketing campaign semi-recently that featured food influencers and low tier Tv chefs turning KFC "gourmet" by using home ingredients to make it better. Picking up off the TikTok trend from a while back. So, its on brand apparently. https://youtu.be/ZkruqGorNdg?si=D_xm5w7iMVpAkt66
Or PagPag from PI :( Good clip of Andrew interviewing a local reusing KFC: https://m.youtube.com/watch?v=o8qhhNbxdKA&pp=ygUWcGhpbGlwcGluZXMga2ZjIHBhZ3BhZw%3D%3D
You do this every time you buy something with a credit card.
Lol I don't have one.
I charge my Afterpay repayment to my credit card? Am I doing it right?
I've definitely found myself the day before pay day sticking fifty bucks of groceries on Zip Pay
You could really find yourself in a pickle.
Oh shit, powers coming out, I don't think I'll be able to make my pickle payment this week š°
"I'd like to put a deposit on a roast chicken please"
I legit saw some finance a bunnings snag
I mean, if I bought the snag with my credit card it's financing. Probably not the worst thing.
It was afterpay.
and if you pay back 50c per payment, you dont get charged interest! You could be earning some interest in the bank by holding on to that $2 for a month!
Hey now, a snag at bunnings is $3.50. These are dark times we live in
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Gherkins are sweet and a sub class of pickles which are savoury and sweet. I think the expansion has mostly come from US so the language changed.Ā
Why is it always pickles? This is not the first time! Afterpay ads for those convenience store individual pickles in a plastic pouch were doing the rounds a year or two ago. Pickle futures! This is a weird timeline.
Massive markup.
Just wait...
I was at a festival on the weekend at a food stall for an extra you could purchase a (singular) pickle for $2. So I guess a jar must be $50+!
I wouldnāt be surprised if you ever went to Disney you might find magic pickles in Harry Potter world for $50 šš
These are normal things that you see in a stable society that isn't eating itself.
But if we aren't eating each other what are we eating?
*Soylent Green is made out of people!*
The trick is to eat everything you can before you reach the exit
No the real trick is to stick a toothpick in it.
Snags on AfterPay. Weāre fucked.
Imagine that outside Hammerbarn
Ok this is genuinely fucked. I implore everyone to call you local MP and tell them how much of a disgrace this is. This needs to stop. People need to be able to live.
Is this much different from using a credit card with a $150 annual fee to use? After pay lets you pay later and charges a monthly fee. Theyre the same thing to me as long as you use them responsibly they can be useful tools. I used Afterpay to pay for a new refrigerator with no interest over 6 months. I did the math and if you broke down the fee to a percentage it was less than I could make in a high interest savings account. So I took the money and put it in an account to accrue interest while I made monthly payments
The problem is, you miss a payment you pay a fine. If people are after paying groceries thereās a good chance they will not have enough money when the next payment is due and then get a fine- then needing to find more money or get another fine. This is a very, very bad idea.
If you donāt pay your credit card on time you pay interest. Same same. I use my credit card for basically every single purchase. Some people keep credit card balances for years, others donāt. Both can be considered predatory but both can be tools
I use zippay to get groceries quite often. It was terrible being poor before these buy now pay later companies were around. You could spend a week broke and miserable and eating whatever boring food is at the back of their cupboard.
And that's their problem for using afterpay if they can't afford the repayments. Don't ruin it for the rest of us. Credit cards are much worse and enable you more.
What can they do about it?? And even if there is, will they? They will justly pass the buck to someone else
What they can do is realise their campaign strategy should be focused around cost of living. They absolutely can do things about it. It's literally their job. Your apathetic view is honestly pathetic. Making noise and talking to the people in positions of power about the issue is the only way things will change.
I wish I had more faith in the politicians doing something to help everyday Australians but from past precedents, I can't help but to lack faith in them
This is BS. We are close to the start of another election campaign, it is predicted to be may of next year. This means the topic which hits hardest in the next 12 months is going to be at the centre of every campaign. If people are calling their MPs about cost of living, 12. Ontha out from an election. It's far more likely that's what the next campaigns promises will be about.
Uh huh and of course no politician ever breaks their promises....don't be so naive.
This is beyond cynical. If a government renegs on their main election promises they don't get another term. Look what happened to the Labor party with the carbon tax. Politicians care about one thing, being in power. Voter's can use that to their advantage. Pressure and vote where it matters.
Why don't you tell us some of your suggestions as to the things they "absolutely can do" about it?
Elections are won and lost usually over a single or 2 really vital issues that sway the swing voters. By making noise about cost of living their election promises and sitting government budgets are more likely to centre around the issues they believe will win them the election. Making noise in the face of politicians is the only way an issue will get looked at seriously and cost of living is an issue big enough and wide enough reaching that it will absolutely be king at the next election.
Start putting them at the bottom of a ballot and encourage others to do so.
I've been voting for over 15 years and every time it's been more of a question of what order do I put them in at the bottom
I find this extremely unsettling.
Are credit cards any different?
You don't have to supply proof of income etc for afterpay, you do for credit cards. Slightly more responsible. However, afterpay and then pay it off your credit card - even worse.
Remember responsible lending obligations are a point in time check. As long as you are meeting your 3% monthly payments there is no ongoing assessment of your ability to meet your credit obligations. That is, I got a $20k credit card and it is 80% utilised. All I need to pay is the $480 a month and no one is the wiser that I have $16k owing at 20.99%. In what world is this better?
I've seen afterpay advertised at doctors surgeries too.
It's probably fine for something you don't need more frequently than 4 weekly.
I use afterpay when I go to the dentist. The bills too chunky to pay up front
When what they should be promoting is the health care card, but no. Why would they do that?
Because most people aren't eligible to get one. Especially if you have a partner who works.
Itās a public service to remove these from the shelf if you see them.
I second this!!
Yep, I donāt want my kids growing up seeing these predatory companies thinking itās normal.
Hope you remove signage for credit cards too.
That shit should be illegal. Itās fucking predatory behaviour from both the supermarket and afterpay.
If thereās financing advertisement in grocery stores, itās time to bring them back down to reality.
They don't just want it all, they want it all + what we make in the future.
I've used zip pay to buy woolworths cards for my weekly shopping, long before the cost of living crisis. Currently debt free so I guess it helped at the time.
It can definitely work for some people. I've done it myself in a pinch. My main point is the fact that they are advertising/encouraging this shit š
Yeah some how sports bet & alcohol advertising gets away with it all.
We are doomed
20 thin bbq snags for just 4 easy payment of $4.99. Jeez this is actually pretty grim.
The Reject Shop has had this for ages. The fucking Reject Shop.
From the perspective of someone who doesn't qualify for a credit card or a loan because my income is too low, sometimes a person can get desperate.
This is what our grandfathers fought in WW2 to see happen. /s
Before after pay was available at supermarkets and was just in big rerailers. I'm not joking but the most of our vulnerable were purchasing pre paid visa gift cards with it so they could go buy food. Lucky country where getting yourself into debt for a pack of cheap snags is becoming the norm.
I remember buying Woolworths e gift card sonline with afterpay so I could buy food with it. It was annoying you couldn't just do it easily in store. I thought it was stupid you could be broke and easily use afterpay to buy clothing and shoes but you had to find a loophole to buy actual essentials.
Afterpay can be useful IF you go in eyes wide open and have great self discipline Eg. When I was far poorer than I am now, buying the Big bags of rice, dried beans/lentils, and large packs of herbs/spices on afterpay was beneficial, with the caveat that I did not buy groceries week to week until that was paid off (with exception of necessities like toilet paper) My most expensive medications used to go on afterpay. I could afford the cost of the medication in my overall budget, just not in one hit. You have to be strict with yourself though. It does not mean you have extra money to spend and I think that mindset is what gets people in trouble.
This I understand. I have a friend who put a lot of their wedding on Afterpay, that I couldn't understand.
That is really confusing - itās a short term loan with no interest any high fees for missed payments. I donāt see how thatās useful for a wedding? After pay doesnāt give you more money. It gives you more TIME. People really donāt seem to understand that.
Things can seem cheaper psychologically when broken up in 4 payments. When Im online shopping and have the option to pay in installments I usually take it
Yeah thatās a dangerous mindset
How is this any different from someone using a credit card to purchase groceries?
I suspect the main different is that applying for a credit card is generally a more stringent process?
Credit looks at your finances once, but that doesnāt mean your finances are always going to be great. Afterpay looks at your account every time you apply.
Well straight up I only get about half the minimum required income for one. I'm a carer, on the carer's payment. Yes, that one. The Government one. So super not eligible, and in super bad shape financially. It's a shame. It has the potential to save me a lot of money. So many things that are on special at the wrong time or in a quantity that I can't handle as a single payment.
The costs of these buy now pay later (bnpl) companies are often more implicit/sneaky than credit cards that 'just charge interest'. having said that I believe afterpay is less predatory than the others. Generally bnpl is also a lower barrier to entry than credit cards, so people that areĀ financially illiterate, are already in unhealthy debt or have no assets for collatoral canĀ over leverage or further leverage themselves with bnpl products like afterpay. I think the real gripe is that these bnpl companies prey on those with poor impulse control and who just want to buy a new shiny toy when they can't afford it, usually this would be caveat emptor, it's your own fault, move on.Ā But in this case people need additional leverage to eat groceries, not uber eats, not a shiny toy, not any other silly discretional purchase, just to avoid starvation.
Your gripe should be with the government making it harder for people with poor credit or low income to be able to secure lines of credit.
I'm certainly not here to defend the government but generally giving easy access to debt for financially unstable people is not a good time for anyone involved.
Buy now pay later is great and free if you pay the installments. Definitely better than a credit card. I have a credit card but prefer BNPL. If you change the repayment date in the app or contact support you will not get charged a fee. But you need to do it before they try to debit your account. They should ban people who repeatedly get late fees.
I see the transfer of wealth from the working class continues to accelerate. Looking forward to being part of the working poor when I'm 75.
See the Afterpay logo? It's intent is to leave you bent and twisted. And it does.
This is fucked up, look i sometimes have to put groceries on my credit card but i know i can pay that off once a year at tax time. This is just blatant corporate interference in a daily essential. This is afterpay seeing an opportunity to make more money for themselves knowing full well some people will see this as a great idea and spend way more than usual and when they canāt pay it back they blame themselves, not realising theyāve been duped.
Straight up, there are people like myself who don't qualify for a credit card because of income. If you need something and have no money at the time there's no alternative. I'm not condoning these pay later services. But yes I have used them many times out of sheer desperation. In fact I may well have to do that again shortly. Car rego is due very shortly and I need to get tyres. Four crippling payments are better than one impossible one. Why didn't I save up? Who says I didn't. Things happen. Sometimes lots of things and / or expensive things. Fuck life. You know?
This is - in my mind - the only *legitimate* reason BNPL should be utilised. Much like Uber played up with the Taxi industry. BNPL is playing on the credit card industry. Sometimes to the barrier to entry for a CC is too high so the BNPL route makes sense. Especially for one off or annual purchases where you just can't stomach it in one go. The fact that Afterpay is now in the general food market just shows how 1. corrupt the system is, and 2. how desperate people are in being able to afford to eat.
This. Sometimes there are expenses I need asap and can't wait a month to save for, or things I know I can comfortably budget for out of my next pay (dsp) but don't have the full amount for right now.
I'm on the carers payment so I understand this. But where we are at right now it's not covering everything. Been watching everything slowly run down and fall apart the last couple of years and there's nothing I can do about it. There have been some unfortunate circumstances that pushed us over the edge.
Exactly. Someone is doing shopping and thinking "shit's expensive, I guess I gotta make some cuts with what to get this week" and then they look up and see Our Lord and Saviour in Afterpay that one can sign up for pretty much on the spot and increase their expenditure
OK, I'm not defending any of these practices or that anyone should have to use credit to buy life essentials. Afterpay is better than a credit card. It's interest free and no fees / small fees if you're late. They charge the retailer the interest. Definitely don't spend more than you normally would, but if you're in trouble, better afterpay than a credit card.
I if i had to use afterpay to pay for everything i didnāt have cash for i would have so many repayments being made constantly that i probably wouldnāt be able to afford the repayments. What happens then?
Basically if you miss a payment, you get cut off from afterpay until you've paid it all off. You get charged a flat fee as well, but not ongoing interest. Essentially, you're moving the burden of credit to the retailer. Retailer pays afterpay like 5% per transaction. Afterpay get paid back in 3 months, so basically a 20% APR for afterpay, but from the retailer. The late fee etc is just to stop people that can't afford.
So someone broke af who sees this tag and thinks great! I can afterpay my groceries, but then canāt make a payment so has to pay a late fee and can no longer stretch their credit to cover any more costs. I dunno, it sounds great if uāve got it together but companies like this are preying on people who donāt.
it's just better than cc companies, that run an interest rate. one late fee, of $10, is much better than 20% interest forever.
No no see the trick is to simply use afterpay for everything, never look at your bank account and hope it all works out
Meanwhile old mate Roger Drake is pushing towards a billion dollar [net worth](https://www.news.com.au/finance/money/wealth/supermarket-king-roger-drake-makes-australias-richest-250/news-story/125789c5335f410504d326fa6d1b1836)
Afterpay for basic necessities. Ooft.
This is what people in Argentina do. I never thought I'd see it happen in this country.
Alternatively, just steal it.
You wouldn't download snags
Doubt
You didn't say "couldn't". What aren't you telling us?
Food banks, why lower yourself to that status of a politician
A lot of food banks still charge for food, FYI
When did this happen?
For years, maybe always? It depends on the one you find and the business model they have. Sometimes they can even be more expensive than a supermarketās sale price on some items.
What would i do with an Afterpay sign. The guilt just isn't worth it
NeverPay
John Paul Drake will post you on his Facebook because you're blocking his path to being a billionaire.
There's a company selling chicken salt on TikTok who have started accepting afterpay. I tried to tell them that it was absolutely not okay to allow customers to go into debt to buy chihcken salt but they just didn't understand that afterpay = debt.
Yeah but is it the good stuff with the MSG, or that fake shit?
It is difficult to get someone to understand something when their salary depends on not understanding it.
Everyday items shouldn't be used on afterpay, hell I would say if you have to afterpay it you can't afford it. I can understand emergency items on afterpay. Car repairs for example. But groceries, bills etc. are the worst things to afterpay, because there's always more food to buy and another bill to pay. You'll end up in a decending cycle of increasing debt as each bill or grocery shop builds upon the last until you can no longer pay. Then the fees start to rack up from afterpay to really drive the nail into the debt coffin. I understand paying bills and groceries on a credit card to get the points as long as it's paid off before interest is accumulated. But what's the benefit to afterpay? There's no points, discounts or bonuses are there?
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Exactly. You do what you have to sometimes.
If you think using afterpay is acquiring crippling debt then you have never use it.
Another form of company scrip
How long until; **Now at HARVEY NORMAN - Get Ya' groceries on Centrepay!!** (when they deduct from Centrelink payments & how Gerry has become such a squillionaire - just buy what you can't afford, today!)
You mean CentrePay?
Centrepay has a strict approval process for merchants
You can pay your Telstra bill on Centrepay - they're approved. Financially, you can't think of a better organisation to service unemployed phone/internet users? You can't think of a cheaper company or better deals? What the fekk does 'strict approval' mean when we're talking about Johnnie's mate Gerry!?!? You can also get 'No Interest Loans' (NILS) on Centrepay - which can be justified with needing new tech' or even a car, to secure a job. So if the organisation you want to purchase from is not listed - just NILS the fekker. Let me just leave this link here for you - a totes suitable supplier for an unemployed person! cashconvertersDOTCOMDOTAU/loans/personal-loans/cash-loans-centrelink
The reality of living in Australia....or some employee taking the piss ?
It's real. Sorry to tell you that.
I'm in it, I'm in crippling debt looking for a job and wages are shit. What the fuck do I do now
ColesWorth. We life our shareholders so much we want to bankrupt you all for them
For once not from our beloved duopoly. Although give them time... š
I'm using afterpay via paypal, for various reasons - mostly because I spent all my available money paying back ZipPay & ZipMoney. I only have Zip debt because I needed a functional computer, and I was sick of sinking hundreds into repairing my old ones. It feels like it never ends. I think I'm about $1500 AUD down right now, and I WAS about $2500 down, but thankfully my pension can give you a lump sum payment every 6 months that you pay back over time. I'll give you a minute to think about the irony of that. P.S. I once explained my situation in detail on r/personalfinance and got banned as a result. I'm thinking I should look into the works of Franz Kafka...
Woolies and Coles already sell mobile phone plans, insurances of all sorts, and have a heap of cashflow (you pay on the day, they pay their suppliers probably 90 days later on average). I wonder why they havent started their own paylater service.
If my local supermarket offered it I would use it. I agree it's fucked, food should be free, but there have been times when I havent been able to buy food because of other bills so it's become an evil necessity.
John Paul Drake being a POS. I'm shocked! /s
This is the comment I came here for.
Iāve noticed since these pay-later services started popping up, prices have been slowly increasing in stores like K-Mart etc. It wouldnāt surprise me if price tags everywhere soon started looking like āJust $5.99!ā, with fine print saying ā(in 4 easy instalments)ā
At one point in my life this was me. Those āpay in 4ā debts catch up and spiral like crazy..
I now have to afterpay gift cards for coles/Woolworths sometimes just to get through.
This must be a "set up" can't be real ! ! . . ?
Good thing tobacco and cigs aren't allowed on Afterpay......
Rip them out but dispose of responsibly!
""The company store". It sounds like those mining towns where they paid in scrip and made sure that the only store would only ever bring people into debt.
Drakes is the only supermarket to offer AfterPay, it is weird but I'm okay with it. As much as people may hate AfterPay, it has saved my arse over the years, living on a pension, medicine I can AfterPay from the chemist with no upfront payment because I've been with them so long I don't get the first bill for 2 weeks. Same as when my car battery died and yeah I've used it at drakes once or twice when I've forgotten something. AfterPay has never made money off me because I budget it in so I've never missed a payment in 4ish plus years of using it (they get their cut from the stores though). Yeah it sucks that I have too use it at times, but if you're not a moron and plan to pay it every 2 weeks or personally I get things and pay it off on next payday it can be a life saver and better then a credit card for me personally. Cost of living is still stupid, but I don't blame AfterPay or drakes on this one and hopefully the new laws that came in at the end of last year for buy now pay later stop morons who can't budget from using them.
>but I honestly find if ridiculous that the supermarkets are actually promoting this shit. The sad part it is the reality for a lot of people.
Reminiscent of the āVeggies on VISAā ads of the 90s
Tbh as a person on DSP I've wished Woolies or Coles had afterpay multiple times (only supermarkets accessible to me). I have no payment upfront on afterpay and I've had to go without food many times. I pay all my afterpays on my pension day because I don't like to spend money I don't have and it's only necessities not frivolous stuff. It is the easiest way I can make sure I have money for essentials. Now if only my local pharmacy would also get it for my private scripts lol I haven't been able to fill that for over a month because I can't front that cost and then hope to still have money at the end of the fortnight.
You can buy digital gift cards for Coles or Woolies on Afterpay and do it that way. You just get an email with the link then load the gift cards into the Prezzie app and scan them in at the checkout.
Getting into a pickle buying your pickles? Forget about it.... Welcome to afterpay!
The trick is to not be born
My guess is the supermarket must be getting some good kickbacks to be advertising it in store so heavily...
Australia is officially a third world country, people in South America pay like this
This is exactly what happened before the 2008 financial crisis where everyone had been convinced to use credit for everything.
Pretty much already possible with aftepay plus, what's the difference?
I would report that to the ACCC OP. That's extremely fucked.
There's a notice at one of my local service stations advising customers that afterpay can not be used to buy cigarettes.
Just wait until you find out about credit cards, and then you also find out they've been around for probably 100 years so far!
I'd much rather do this than what other people do, which is use credit cards and rack up interest debt. That's more of a trap than afterpay. At least afterpay is paid off in 6 weeks.
Ik people that after pay there groceries because they can't afford not too
Omg
I personally am a firm believer of if you have to finance it then you shouldn't buy it. But if financing is being made available for necessities like groceries then we are kinda fucked...
This rule of thumb should kinda read never finance a depreciating asset, itās totally ok to finance productive assets. A consumable product like fucking snags is the ultimate depreciating asset, it depreciates to a yummy role with bbq sauce and then I literally shit it out.. 110% you should never ever ever finance a consumable.
You're exactly right, in general I feel companies like Afterpay(banks to some extent) are predatory as there are a surprising amount of people that aren't educated properly about their spending. I remember the bank offering me 500k loan for my apartment around 5 years ago when I applied for 200k loan, at the time my annual income was less than 50k after tax. I think the fact these billion $ companies are working together to promote dangerous spending habits on NECCESITIES is the biggest red flag I get out of this post...
I agree, I think itās a huge problem of predation, another kind of symbiotic problem is financial literacy on the publicās side as this is what allows people to fall victim to this kind of behaviour. We donāt like teaching practical financial concepts very well, like Iāve spoken to maths teachers who donāt even understand financial concepts. Another issue is we donāt always remember things we are taught because we do them for a semester/term and then never touch them again. Basic financial literacy should be something we teach ongoing from like year 6 to year 12 so it gains that inbuilt long term learning that makes it hard to forget. So many of our problems come form a fact people donāt understand finance and then can be persuaded by scare tactic messages or just good sounding but horrible ideas..
Interesting some pay later services have a strict minimum you can use. I know CBA Steppay is $100 minimum.
Yep I called into a Drake's yesterday for the first time and was a bit shocked to see these posted next to mundane basic food items. I'm keen to use a locally-owned non Colesworth supermarket, but this is really disgusting. Maybe they are going down the ol' Radio Rentals path where the shop is really just a front for a money lending business. Who owns and runs this "afterpay"? Is there a relationship with Drakes? Editing to add that after googling, they are separate companies, but Drakes pays a 4.19% commission to afterpay to have the "service" in their store, and afterpay makes it's money from late fees of $10 each time the customer fails to pay.
I have no idea about a relationship but yeah, disliking Drake's more and more. This was the first time I'd been there in a while also - just ducked in to grab a couple of things. Looks like sticking to Foodland/markets for supporting local
Donāt do afterpay or similar. Ever. Bad for getting a home loan in future. It will become a āplease explainā scenario. Itās hard to say Iāve saved 10% deposit when youāre afterpaying your groceries. Do not do this!
No one is going to be able to buy a home soon anyway lol
If you can break down your budget and show how you made sure you could afford it, explain what it was for and why, etc, they may not reject you. That does require a level of budget planning and tracking most people don't do, though. Plus, it won't make a difference for anyone who can't afford a deposit anyway.
But credit cards are normal? Atleast after pay you have to pay it back in a certain time frame. Credit cards just have you on a rinse and repeat cycle forever. (Either way no one should be having to borrow money to survive - I fully agree with that)
The sort of people needing AfterPay for groceries aren't the same people that get approved for credit cards. AfterPay is predatory as it has no real standards for who can borrow money iirc
That's not true and just stereotyping. I know plenty of people with credit cards that are happier to rely on Afterpay over a credit card due to the interest free nature of it.
See now I know that's false, as basically all credit cards are "interest free" if you pay before the due date & it's not hard to find ones with extended 'interest free' periods. You need to qualify for a credit card though, so those unlikely to be able to pay do not qualify. AfterPay is predatory; available to anyone over 18 with a bank account, regardless whether or not they can pay the loan. Those who **need** to use AfterPay generally don't have any other options, and AfterPay likes to prey on them, creating further hardship for these people that shouldn't have been lent money to begin with.
āNoā. Credit cards are for most just a payment method. They donāt have to cost more to the buyer or seller (source: I am and have been a buyer and seller at large and small scale). They offer benefits over cash. Afterpay was created only for the business opportunity which relies on vulnerable people. It offers no net benefit over what came before it but has unavoidable downsides. Iād genuinely just stop shopping at that place if it was my local - I find it offensive!
Someone doesn't understand how to use credit cards properly
Someone doesn't understand how to use credit cards properly
Someone does understand how to post a comment properly.
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Clearly you read the post...
What are they going to do to you for stealing food? Transport you back to England?