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> I financed my phone for free via Klarna So how do they make money? Sounds like they would be losing money to inflation by offering that service for free.
by josefx 3y ago
> I financed my phone for free via Klarna
So how do they make money? Sounds like they would be losing money to inflation by offering that service for free.
- vdaea 3y agoThey make money because they know that if you need to use Klarna to finance a €300 purchase you are very likely to default on the loan and pay interest.
- deleted 3y ago[deleted]
- chmod775 3y ago> So how do they make money? Generally the logic on "free" financing by the seller is that without it, they may have not made a sale at all. Sure it cuts into their margins, but offering rebates would have had a similar effect. Klarna probably still charges the vendor a few bucks for handling the thing.
- steveklabnik 3y agohttps://www.bitsaboutmoney.com/archive/buy-now-pay-later/ https://www.bitsaboutmoney.com/archive/buy-now-pay-later/