Yes it’s like a payday loan service for nonsense no one needs. >Klarna also offers monthly financing, where you can pay for a purchase over a longer repayment

Yes it’s like a payday loan service for nonsense no one needs. >Klarna also offers monthly financing, where you can pay for a purchase over a longer repayment period, ranging from six months to four years. These loans may charge interest up to 29.99% annual percentage rate (APR) I found a good summary for how it works here. They even make money from the sellers apparently. https://www.reddit.com/r/UKPersonalFinance/comments/109z8p2/is_klarna_legit_any_downsides_catch_to_it/ https://www.reddit.com/r/UKPersonalFinance/comments/109z8p2/... >The standard pricing for Pay in 3 / Pay in 30 / Pay now by card is 30p + 4.99% per transaction. >If you take Financing (6-36 monthly payments), the rate varies from 5.99% to 16.99% if you offer your customer interest free option, but if you the Financing is interest-bearing, they charge you the same as the standard pricing above.