3 ms·

> you will receive an invoice with the product - so you don't pay until you have it. Furthermore, they'll give you 30 day credit, and can even split the payment

> you will receive an invoice with the product - so you don't pay until you have it. Furthermore, they'll give you 30 day credit, and can even split the payment over several months (3, 6, 12, 24 or 36) for an extra fee. How is this different and better for me than a credit card? Using a credit card I don't have to pay until the end of the credit cycle, which usually is after I receive the product, and pay over a longer term for the 'extra fee' of interest. The credit card company also reverses charges for items I don't receive, protects me from fraud (over $50), and provides a host of other services such as frequent flier miles, insurance, etc. Also, what are their interest rates?

sandstrom 11y ago
> How is this different and better for me than a credit card? Klarna let you choose between invoice and credit card in their checkout (which is embedded in the retailer website, similar to other payment solutions). Although they started out with invoices, I think they are better described as a payments platform these days. > what are their interest rates? According to this document[1] on Germany, 10% - 15%. I found it through a Google search, don't know if it holds for the US. [1] https://cdn.klarna.com/1.0/shared/content/legal/terms/2/en_de/account https://cdn.klarna.com/1.0/shared/content/legal/terms/2/en_d...
kpil 11y ago
Well, I guess the main driver is "one click buy" (tm) - that you don't have to bother with spending time on entering the credit card details, security questions, etc. You click "buy" and then you are done. Off course, later you will have to do all the boring stuff...
- hackuser 11y ago
  Is the difference between old (credit card) and new (Apple Pay, Klarna) payment services is merely UI? That is, credit cards require either a card reader or for the user to type in lots of digits, and the new services are one click.

sandstrom 11y ago

> How is this different and better for me than a credit card? Klarna let you choose between invoice and credit card in their checkout (which is embedded in the retailer website, similar to other payment solutions). Although they started out with invoices, I think they are better described as a payments platform these days. > what are their interest rates? According to this document[1] on Germany, 10% - 15%. I found it through a Google search, don't know if it holds for the US. [1] https://cdn.klarna.com/1.0/shared/content/legal/terms/2/en_de/account https://cdn.klarna.com/1.0/shared/content/legal/terms/2/en_d...

kpil 11y ago

Well, I guess the main driver is "one click buy" (tm) - that you don't have to bother with spending time on entering the credit card details, security questions, etc. You click "buy" and then you are done. Off course, later you will have to do all the boring stuff...

hackuser 11y ago
Is the difference between old (credit card) and new (Apple Pay, Klarna) payment services is merely UI? That is, credit cards require either a card reader or for the user to type in lots of digits, and the new services are one click.