Eat Now, Pay Later... A Useful Gimmick or Predatory Nonsense?

“Eat Now, Pay Later” services, a spin-off of “Buy Now, Pay Later” (BNPL), let customers order food immediately and pay in installments. Soon to be popular on platforms like DoorDash and McDonald’s, these services seem convenient for those in a pinch. Short-term loans typically offer four interest-free payments, but longer repayment plans can charge interest rates of over 30%.

Critics call this practice predatory, arguing that it exploits people already struggling financially. Unlike BNPL purchases for durable goods, food is a fleeting expense—by the time you pay off your Big Mac, it’s long gone.

Supporters say these services provide flexibility during tough times, especially for families needing a quick meal. However, experts caution against treating these loans as a solution to food insecurity.

Ultimately, the line between convenience and debt trap depends on responsible use. Borrowers should beware: today’s burger could cost far more than it’s worth tomorrow if payments spiral out of control.