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Initially, Klarna let anyone claiming to be anyone make an order on credit. No checks what so ever. They made their money on reminder fees by not sending invoic
by rightbyte 3y ago
Initially, Klarna let anyone claiming to be anyone make an order on credit. No checks what so ever. They made their money on reminder fees by not sending invoices until the reminder, not on interest.
It is a shady company.
- Ekaros 3y agoI thought that is fully legal and standard practise. You get the invoice, you pay it at due date latest. And then if you do not and they have to remind you they own a rather small fee... Same happens with every bill in Finland.
- suddenclarity 3y ago> They made their money on reminder fees by not sending invoices until the reminder Do people making this claim actually use them? You get the invoice by email within minutes after the company marks the package as shipped. Then you get a reminder 2 days before the final date. Once the pay date has passed, they send an additional reminder. If you pay it, you get no extra fee. If you have the app installed, it gives additional notifications.
- rightbyte 3y ago"Initially". I meant their "growth hack" phase until the legislatures outlawed their worst malpractices.