Alert! Regarding Amazon Pay Later

Agree. Slowly its becoming scam now. Karur vysa bank is also good bank mostly in south india. 

It is not scam, when you clicked on that “I agree” button & did not read the multi page T&C it was buried deep in there somewhere. In any case one should not expect any privacy while subscribing to BNPL.

What’s wrong in this? The lending partner here is Capital Float, Amazon is just a mediator who facilitated you the loan. How the bank/loan provider is going to trust you without evaluating your credit history? Yes, i am upset about spam calls about loans too but what can we do? Even banks do it once we create an account with them

It is understandable if you’re upset with capital float sharing your financial information with Amazon but that’s not the case here (Even if they want to they can based on the terms you agreed to)

I check my cibil today, my amazon pay later limit is Rs 25000, in the credit report I found that they have only rs 5000 from capital float and Rs 20000 from karur vyasa bank. I dont even know which bank is this. They have splitted the credit limit into two loans without even letting know the customer. Not only me it happened with many. That is kind of scam is being run

Nothing new about this. Apart from those PayLater lines issued by IDFC First, it is same for everyone else

yea i closed my amazon paylater account last year in nov and they are sending me pre approved offers now.

It’s not scam.
Only thing I dislike about Amazon paylater is if account is already logged in then only pan card 4 digits is used as authentication to place orders. Pan card is no longer private data, its available at many places without any masking. Amazon should have used OTP along with this.

Nowadays privacy is a myth
Be it android or these lenders

I had flipkart pay later backed by IDFC
Still i get sms of pre approved loan offers
Earlier i used to get calls

Before it became amazon pay later
It was called Amazon EMI

Had got it after capital float guys visited for physical KYC in april 2019

Due to some miscommunication on email they closed my account, I am glad they did.

ALERT!! ALERT!! ALERT!!

Don't use Amazon pay later, They not enable netbanking, they force you to add your bank account for auto payment.

They are not genuine..

Axio,the number one fraud.

Be careful...