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The Daily Money: Thinking of using a buy now, pay later plan? Good luck getting a refund.

Thursday, July 21, 2022
Jayme Deerwester | USA Today
Charla Rios

It can be difficult to get a refund if something goes wrong with the purchase, according to Charla Rios, deputy director of research at the Center for Responsible Lending, a nonprofit organization that educates the public about financial products. “They don't come with the same protections of credit cards, so the consumer may end up with no merchandise at all, but still have their money taken out of their accounts," she says.