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I don't think they are a lending company. They do not charge interest, their model lets you pay over time, and you pay a fixed fee to extend the payments. It's
by midnitewarrior 3y ago
I don't think they are a lending company. They do not charge interest, their model lets you pay over time, and you pay a fixed fee to extend the payments. It's all fee based, no interest, so i think there's some regulations they get to sidestep.
- salawat 3y agoWhat's interest but a fee for not paying right now? You can call it a fee, or a surcharge, but in the end it's principal + interest for deviating from a schedule.
- piva00 3y agoThey have a product called "monthly" in some markets, in Sweden it charges 19,99%/y of interests. Klarna Bank AB is a bank, providing credit and charging interests, it got its bank licence from Finansinspektionen around 2017-2018.