The benefits offered by pay-later services are almost similar to credit cards. However, pay-later is now more favored by the public due to its relatively uncomplicated registration requirements, making it accessible to almost everyone. Despite the convenience it provides, it's important to note that the pay-later feature still carries risks, such as promoting impulsive consumer behavior, hidden fees, potential impact on credit scores, and cybercrimes. Therefore, it's necessary to be aware of tips for using pay-later wisely, as outlined below.

1. Choose OJK Registered Services
   To ensure the safety of the pay-later service you use, opt for those that are registered with the Financial Services Authority (OJK) through their official website.

2. Use Only in Emergency Situations
   To prevent dependency on this service, cultivate the mindset of utilizing pay-later only in emergencies.

3. Don't Fall for Promotions
   Providers of pay-later services often offer various promotional discounts to attract users. While these may seem cost-effective, they can lead to unnecessary transactions if not approached prudently.

4. Understand Installment Schemes & Interest
   Despite sounding convenient, using pay-later incurs additional charges. Take the time to comprehend the installment schemes and interest rates before making a decision based on your financial capability.
   
   

Source: journal.sociolla.com