4 ms·

I ask myself the same question with regards to their Klarna partnership in Edge. Are Microsoft really so hurt for cash they're willing to sacrifice their userb

by worble 4y ago

I ask myself the same question with regards to their Klarna partnership in Edge. Are Microsoft really so hurt for cash they're willing to sacrifice their userbase for a few bucks? It seems crazy they'd stake their reputation like this, especially considering their corporate focus.

JumpCrisscross 4y ago
> same question with regards to their Klarna partnership American here. What’s the beef with Klarna?
- iakov 4y ago
  Horrendous rates, non-clear fees, everything packed in a nice UI that leads clueless folks right into a trap. It's a scam scheme for financially illiterate people IMO. The fact that it's added into a default browser in a most popular OS in the world adds insult to the injury.
  - JumpCrisscross 4y ago
    I’m generally sceptical of BNPL. Is Klarna worse than the category?
    - wowokay 4y ago
      No, I think it’s in that bucket, personally I haven’t had a problem with them.
  - Tijdreiziger 4y ago
    Wait, I've used Klarna (not via Edge) and I've never paid any interest rates or fees. You just select Klarna as payment method and then you have 45 days to settle the bill. I've even been overdue on a bill (I forgot about it) and they just sent me an email asking to pay, still no fees. Of course if I had continued to neglect the bill, fees might have started kicking in at some point, but that's no different from any other postpaid service.
  - smachiz 4y ago
    I don't think you're right about Klarna. I mean sure, it enables people to spend outside their means, but it hardly seems predatory. If I'm reading this right, the late payment fee is maximum of $7 for their 4 payment thing? https://cdn.klarna.com/1.0/shared/content/legal/terms/0/en_us/sliceitinx https://cdn.klarna.com/1.0/shared/content/legal/terms/0/en_u... If you bounce a check or an ACH the fee seems to be $27 (but not more than you owe) for their 30 day plan: https://cdn.klarna.com/1.0/shared/content/legal/terms/0/en_us/invoice https://cdn.klarna.com/1.0/shared/content/legal/terms/0/en_u... Their pay over time thing seems to be 0-29.99% which seems in line with credit cards? I mean, sure, I guess making it easy for people who make bad financial choices isn't great... but it's also easy for people who are making good financial choices.
dagw 4y ago
Are Microsoft really so hurt for cash they're willing to sacrifice their userbase for a few bucks? Microsoft isn't, but somewhere within Microsoft there is probably team who's KPI for the year is "increase Edge ad revenue by $N million". This team is completely removed from the "make Edge a great browser" team.
matheusmoreira 4y ago
> they're willing to sacrifice their userbase for a few bucks Is there even a single corporation on earth that won't eventually do this? All it takes for this to happen is some executive or manager deciding they want a bonus. Shareholders demand perpetual growth and by god they're gonna deliver it. I'd say it should be illegal to profitably harm people like this but everybody knows these people always get away with everything anyway. They already break existing laws and get a slap on the wrist at best.

by worble 4y ago

JumpCrisscross 4y ago

> same question with regards to their Klarna partnership American here. What’s the beef with Klarna?

iakov 4y ago
Horrendous rates, non-clear fees, everything packed in a nice UI that leads clueless folks right into a trap. It's a scam scheme for financially illiterate people IMO. The fact that it's added into a default browser in a most popular OS in the world adds insult to the injury.
- JumpCrisscross 4y ago
  I’m generally sceptical of BNPL. Is Klarna worse than the category?
  - wowokay 4y ago
    No, I think it’s in that bucket, personally I haven’t had a problem with them.
- Tijdreiziger 4y ago
  Wait, I've used Klarna (not via Edge) and I've never paid any interest rates or fees. You just select Klarna as payment method and then you have 45 days to settle the bill. I've even been overdue on a bill (I forgot about it) and they just sent me an email asking to pay, still no fees. Of course if I had continued to neglect the bill, fees might have started kicking in at some point, but that's no different from any other postpaid service.
- smachiz 4y ago
  I don't think you're right about Klarna. I mean sure, it enables people to spend outside their means, but it hardly seems predatory. If I'm reading this right, the late payment fee is maximum of $7 for their 4 payment thing? https://cdn.klarna.com/1.0/shared/content/legal/terms/0/en_us/sliceitinx https://cdn.klarna.com/1.0/shared/content/legal/terms/0/en_u... If you bounce a check or an ACH the fee seems to be $27 (but not more than you owe) for their 30 day plan: https://cdn.klarna.com/1.0/shared/content/legal/terms/0/en_us/invoice https://cdn.klarna.com/1.0/shared/content/legal/terms/0/en_u... Their pay over time thing seems to be 0-29.99% which seems in line with credit cards? I mean, sure, I guess making it easy for people who make bad financial choices isn't great... but it's also easy for people who are making good financial choices.

dagw 4y ago

Are Microsoft really so hurt for cash they're willing to sacrifice their userbase for a few bucks? Microsoft isn't, but somewhere within Microsoft there is probably team who's KPI for the year is "increase Edge ad revenue by $N million". This team is completely removed from the "make Edge a great browser" team.

matheusmoreira 4y ago

> they're willing to sacrifice their userbase for a few bucks Is there even a single corporation on earth that won't eventually do this? All it takes for this to happen is some executive or manager deciding they want a bonus. Shareholders demand perpetual growth and by god they're gonna deliver it. I'd say it should be illegal to profitably harm people like this but everybody knows these people always get away with everything anyway. They already break existing laws and get a slap on the wrist at best.