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Yeah maybe you don't need a payment plan for concert tickets but maybe you need one for a wheel chair, a laptop you need for school or any other emergency
by gdsdfe 3y ago
Yeah maybe you don't need a payment plan for concert tickets but maybe you need one for a wheel chair, a laptop you need for school or any other emergency
- Freak_NL 3y agoI would be surprised if the percentage of goods people actually need financed by Klarna exceeds one percent. It's mostly fashion and luxuries. Klarna is not a charity. Its whole business model is that a certain percentage of loans taken out will not be paid back in time because a lot of people suck at comprehending their financial situation, and that's where they make their profit. Cf.: https://www.theguardian.com/business/2022/oct/03/its-just-so-easy-isnt-it-how-buy-now-pay-later-can-leave-britons-struggling-with-debt https://www.theguardian.com/business/2022/oct/03/its-just-so...
- rhaps0dy 3y ago> Its whole business model not quite. They also charge the sellers. The theory here is that paying in installments is more attractive to buyers (rationally or not) so it increases sales. Though I don't know how much of their profit is from that vs. interest.