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  • Doc : Surely this isn't a sign of recession :marseyaware:

Interest free installments to pay for food deliveries about to hit the bipoc community like crack fr.

https://x.com/unusual_whales/status/1902751234416922762

>DoorDash customers can soon buy with Klarna via full payments, interest-free installments, or deferred options aligned with payday schedules.

>For Klarna, the announcement comes after it recently became the exclusive provider of buy now, pay later loans for OnePay, the Walmart-backed fintech company.

>The partnership strengthens Klarna's position in the U.S. just before its anticipated debut on the New York Stock Exchange.

https://www.cnbc.com/2025/03/20/klarna-lands-buy-now-pay-later-deal-with-doordash-ahead-of-ipo.html

Um akshually jews and cars to blame:


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This seems like a weird legal scheme to get around credit card regulations and the only people that would use it are the defaultiest of defaulters. I don't get how this makes money.

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doordash likes customers

some customers wont pay up front

so they make down front solution,

to get those

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Think of it like the Happy Dude telemarketing thing from the Simpsons, except it's payments exceeding the purchase price on shit that wouldn't have been purchased in the first place.

You get as many people as possible to click a button that says "I'm an r-slur and I'll pay you $75 in exchange for $25 now." Then front the $25 and have an army of Indians harass them for the remaining $50.

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The bet is that enough people will pay for the late fees (as opposed to interest) to make up the difference. Klarna's entire business idea is that poors are too stupid to pay in time.

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Klarna makes money from merchant fees. They charge DoorDash for the service of offering the layaway to their customers.

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layaway

Layaway is when a business collects money and holds it on account (and the item) until the customer saves the purchase price. It's not financing; it's enforced saving.

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They do that too, but it's not their primary source of income.

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I'm pretty sure they're only interest-free if you pay it back on time, and as soon as you miss a payment they retroactively charge you interest for the entire duration of the "loan".

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Yeah, that's where the majority of their revenue comes from.

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