Lauren Bateman explains how buy-now-pay-later services like Afterpay let course creators get paid in full upfront while the service handles installment collections and fees. This shifts the burden of chasing failed payments away from creators.
There's so many of these new payment plans coming out where allows people to buy upfront but pay later. So that's a pretty interesting thing that's come around recently. You're always going to have the digital, the paypals, the stripes. But I think a lot of these payment plans are going to become more important. And I do that in courses. We've always offered payment plans. But the thing that's cool about something like afterpay is someone signs up for afterpay, I get the full money for my course upfront, and it's now up to after pay to go chasing people. Because when you're a course creator and you have a payment plan, a lot of times those credit card fails or people cancel their subscriptions, and now you're left having to chase the subscriptions. So these new subscription companies that are coming out, they're saying, hey, we're going to pay you the money up front. We're going to charge you a little extra interest on that money, but we're going to make sure we follow up and get our payments.
