The regulatory changes are designed to protect buyers from accumulating unmanageable debt through short-term, interest-free installment products. However, the sudden implementation risks catching unprepared shoppers off guard during online transactions.
Financial experts advise consumers looking to avoid checkout rejections to monitor their spending closely, budget ahead for purchases, and be prepared to provide more detailed financial information when applying for credit. Checking credit reports and reducing existing short-term liabilities can also help maintain access to BNPL services under the stricter lending criteria.
