Not state in blog post, one of comments mentions a $4 flat fee to use this feature: "On a $35 purchase, that's 11% of the purchase cost spread over one month. Annualized, that's an astounding 250% APY." https://techcommunity.microsoft.com/t5/articles/introducing-...
$35 is a bit odd to use as an example price, because it probably isn't going to be particularly common to need to split a $35 purchase into multiple payments. My guess is that the most common prices would be >$100
This could easily just be a browser extension. Then I could also have more control over the credit provider and terms too.
Microsoft has no foot in the credit industry, they should not be anywhere near this avenue (even if they are partnering with another company to provide the credit)
This has gotta be tied to some monster Azure spend commit from Zip, or whatever company owns Zip. That is the only logical explanation for such a trash feature.
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[ 2.5 ms ] story [ 37.5 ms ] threadMicrosoft has no foot in the credit industry, they should not be anywhere near this avenue (even if they are partnering with another company to provide the credit)