The whole “buy now, pay later” deal is a credit loan. They are most likely paying the merchant directly and using your loan as collateral to speculate on the market, until you pay them back for that loan. If that’s true, they are making profit on the interest gained from your loan.
I’m not very educated in economics, so I’m struggling to understand this. Is there a way to easily explain this? I’m 38 so… please use big words if you like, but simple domain language. 😅
Yeah. I definitely don’t think I’m the target audience for their service. Paying everything on time, every time. Buying only what I can afford. Etc.
I use Klarna for basically everything I buy. I should probably reevaluate that. But I’ve had no issues so far. It notifies me when my payments are due. Helps me collect the sum of what I owe each month, each week. Helps me group payments to pay similar/connected things simultaneously, categorize purchases, etc, etc.
I really hope there’s nothing dodgy going on there. But at least I’m not giving them interest on anything I buy. Always make sure I’m paying my stuff on time, and no postponed payments.
I’m guessing their business model is to exploit people who have issues paying on time and to collect interest and late fees, as well as receive convenience fees from stores implementing Klarna as a payment option.
Ah right, I remember that movie. Or at least I remember wanting to see it. Thanks!
Is this some kind of chemistry reference? What’s going on here? 🙂
This is a good one. I interact with a lot of East and South Asians in my spare time, and I would love to speak all of their languages. Especially since their English is not the best (in my circle, that is).
Oh yeah, definitely. I do not watch TV unless maybe my country is playing a sport or whatever.
I stopped watching TV probably 20 odd years ago. 🏴☠️
Very late reply, sorry…
Those are some good wants. Thanks for sharing!
I hope you also have been able to improve your sleep since this was posted. Sleep is very important. Regards, from someone who sleeps around 4-5 hours on average some weeks, only by my own doing, mind you. I’m addicted to alone time late at night.
I have plenty of birthdays that are more than a year away.
Amazing idea, holy moly.
That is actually insanely irresponsible journalism, if you can even call it that. INSANE. American news sources are just a wild west of “information”, isn’t it.
Because conservatives are mostly dumb, and dumb people don’t understand things and won’t make an effort to understand things, and people fear what they don’t understand. Very simple A-to-C.
I’m seeing it
Imma be honest, this analogy confused me a bit. Could you dumb that down a notch?
Just like early-access games.
I imagine so 😁
lol, cool cool. Whatever makes 'em happy, eh. ☺️
Who buys these things, honest question.
👍👍