Online shoppers will soon have another buy now pay later option at checkouts: New Zealand import Laybuy . The kiwi fintech firm lets shoppers pay for a purchase in instalments over six weeks, with no interest or fees. But although interest-free borrowing might sound appealing, critics say lenders such as Laybuy and Swedish payment firm Klarna are enticing young people into debt when they buy low value or discretionary spend items such as clothes and gig tickets. Laybuy was launched in New Zealand in May 2017 and already has about 3,000 kiwi retailers, from clothes stores to travel companies, signed up. It aims to put a modern spin on “lay by” – a practice popular in New Zealand, Australia and the US where consumers reserve goods and pay for them in instalments, but don’t receive the items until all the payments are made. The key difference is that with Laybuy, shoppers own the item straight away. Laybuy has set its sights on the UK and has partnered with small … [Read more...] about Meet Laybuy, the New Zealand firm letting UK shoppers spread costs interest free
Credit cards new zealand
A headteacher has been banned from teaching after he was caught using the school credit card to fund family trips to places including New Zealand, Washington DC and Amsterdam. Simon Feasey was found to have shown "a serious lack of integrity" when he and family members travelled around the world, Teesside Live reports. A shocking report also revealed that Feasey appointed a man with a history of violence who had stolen from his previous employers to work at Bader Primary School in Thoraby, North Yorkshire. Feasey has now been barred from the teaching profession indefinitely by the Secretary of State. Mystery surrounded his suspension from the school in February last year and subsequent resignation the following July. An investigation was then carried out by the the National College for Teaching and Leadership which proved he: • Knowingly disregarded safeguarding measures when he appointed a staff member at the school in October 2015, • Admitted … [Read more...] about Headteacher used school credit card for family holidays to US and New Zealand
A headteacher who used the school credit card to fund family members' trips as far away as New Zealand and America has been banned from teaching. A shocking report also revealed how Simon Feasey appointed a man with a history of violence who had stolen from his previous employers to work at Bader Primary School in Thornaby. Following completion of the investigation, Mr Feasey has been barred from the teaching profession indefinitely by the Secretary of State. Mystery surrounded Mr Feasey's suspension from the school in February 2017 and subsequent resignation in the July after a disciplinary. An investigation was then carried out by the the National College for Teaching and Leadership which proved he: • Knowingly disregarded safeguarding measures when he appointed a staff member at the school in October 2015, • Admitted recruiting the staff member - referred to as Individual A who was known by a governor at the school - without making the necessary background checks. … [Read more...] about Headteacher used school credit card to fund family trips
Hayden Eastmond-Mein writing for The Spinoff. As Hayden Donnell wrote recently, “New Zealanders have engaged in their time-honoured tradition of collectively freaking out” over the recent introduction of Lime scooters in Auckland and Christchurch. At the risk of adding another “maybe Lime is bad” article to the pile, the electric scooter hire company could be dodging a shitload of tax by charging users via a US company and not adding GST. Don’t get me wrong, aside from Lime being a bit pricey I quite like the thrill of caning it along a bumpy footpath with the wind flowing through my unhelmeted hair, weaving perilously between the pedestrians and councillors making their merry way on boring old foot. But from what I can tell, when you hire a Lime scooter using the company’s app your credit card is charged by a US operating entity, Neutron Holdings, and these charges do not include GST. I say “from what I can … [Read more...] about Is Lime paying GST like other New Zealand businesses?
VIRGIN Atlantic has boosted its sign up bonus for new credit card customers, offering enough miles to cover a free return ticket to New York or the Caribbean. Customers applying for the airline's Virgin Atlantic Reward Card can now earn up to 10,000 Flying Club rewards miles while the premium Rewards+ card offers a generous 25,000 free miles. The airline has previously only given new customers 5,000 bonus miles for the Reward Card or 15,000 bonus miles for the premium Reward+ card. The new offer is for new customers who sign up on or before December 14. If you already have one of the cards you can still qualify as a "new customer" as long as you're applying for the other of the two cards on offer and you signed up more than six months ago. But as usual with attractive deals, there are a number of catches you need to consider before applying for the credit card. For example, the offer gives you thousands of air miles for free but taxes and surcharges apply when you book a ticket. Virgin … [Read more...] about Virgin Atlantic’s airline credit card is giving away enough air miles to fly to New York for free