Money is tight these days. Holiday shopping, ballooning inflation, and a looming recession have forced people to more carefully consider their finances. Those factors might help explain the explosion of Buy Now, Pay Later services. BNPL plans offered by companies like Affirm, Afterpay, and Klarna let you spread the cost of a purchase over multiple installments, without the fees or interest rates of most credit cards. Of course, free money always comes with a catch. This week on Gadget Lab, we dig into the Buy Now, Pay Later phenomenon and what it means for the future of shopping. Show Notes Read Lauren’s interview with Max Levchin. Check out more of WIRED’s reporting about buy now, pay later programs. Follow our coverage of all things ecommerce. Recommendations Lauren recommends the third season of the show Dead to Me. Mike recommends the Select Five podcast, specifically the episode with him on it (episode 19). Lauren Goode is @LaurenGoode. Michael Calore is @snackfight. Bling the main hotline at @GadgetLab. The show is produced by Boone Ashworth (@booneashworth). Our theme music is by Solar Keys. Learn more about your ad choices. Visit podcastchoices.com/adchoices