Microsoft is banking on a “buy now, pay later” extension for Edge that prompts users to use the Zip (formerly QuadPay) short-term finance service when making a browser-based purchase.
The company introduced the service earlier this month, and some users would now see it integrated into their browsers after updating to Edge version 96, as noted. Ars Technica. The option to sign up and use Zip will be displayed on checkout pages, appearing in the same box where you would enter your credit card number on Edge (or go to a previously used number), and will sometimes be docked in the payment page itself. Zip will appear when Edge detects that your purchase costs between $ 35 and $ 1,000, the price range the service can cover.
While Zip lets you shop without spending anything up front, it comes in exchange for four interest-free payments over a six-week period. Even still, technically the service isn’t free – it charges $ 1 for every payment you make, which means you’ll end up spending an extra $ 4 on your purchase, regardless of the price.
Edge will give you the option to pay via Zip by default whether the store even offers the option or not. On a Microsoft support page, the company says merchants will actually have to contact Microsoft if they don’t want customers to use the service.
Microsoft added Buy Now Pay Later to Edge (and therefore the base Windows 10 and 11 operating system), something known to be abused to harm people.
The post’s tags on Microsoft’s website say it all. Keep talking. pic.twitter.com/wsujv2VdWN
– Kevin Beaumont (@GossiTheDog) November 30, 2021
The feature has come under heavy criticism, with some users upset about the additional bloatware that slows down their browsing experience and others concerned about the potential financial ramifications on users, especially for those who have trouble managing their browsing experience. credit. “Buy now, pay later” services have also been a target for criminals, who can exploit them for free products because they typically don’t check credit scores.
Plus, Edge has already built in promo code and coupon alerts, as well as product price comparisons that show up while you shop. Microsoft is even going out of its way to explain that it doesn’t charge a fee for using Zip, so it’s not clear why the company is going with both buyers and sellers for an offer that no one else has. asked.