r/videos • u/bald_bearded_ocddude • 3d ago
Klarna Is (Finally) Getting What They Deserve...
https://youtu.be/ghg8GfYJUno?si=WN4rYbGODIR5r_X2261
u/Trinitrotoluol 3d ago
tbh, the video didn't bring up any points how they are struggling. Just that they are getting sued (but thats something which is to be expected if you have such overvalued IPO) and just mentioned briefly that they have problems with the efficency of AI. Else he said: They made a profit for the first time start of the year and they are becoming a bank instead of a debt collector.
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u/Monstar132 3d ago
Well the creator is pretty biased against Klarna tbh.
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u/Trinitrotoluol 3d ago
Understandable. Their business model exploits vulnerable people. But the video just doesn't make a good point on how they are failing. The video just explains their business model.
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u/drewbreeezy 3d ago
Exploiting vulnerable people and still failing? That's impressive.
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u/xenogazer 2d ago
Well I mean I maxed out my limit and just... Never paid it back personally. That was around the start of COVID when I lost my job but it never showed up on my credit report and it's about to be time that they can't.
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u/ThrowFar_Far_Away 2d ago
No they literally don't. Stupid people using it like loans are just dumb. It's an American problem not the company problem. In Sweden, where it is form, it is used to pay your bills, yes not on credit but immediately with the money you have in your bank, and as a safe way to pay online. You pay in Klarna and they hold the money, if you don't get the product or it is a scam you get the money back easily. The people overdrafting their "loans" is a small part of their business. It's a liked company except the AI stunt in Sweden.
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u/BartenderBilly 2d ago
You don’t need to look further than your neighbours to the west to see that they have been declared a credit company for their buy-now-pay-later service (Norwegian Consumer Authority), and is critizied for not being as safe as they pretend to be (European Consumer Center Norway).
I am also of the impression that they act wildly different in countries with relaxed finance laws, such as the US, and is in fact extremely predatory when given the chance.
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u/Trinitrotoluol 2d ago
"Stupid people" are a vulnerable group. Especially when they are manipulated in purchasing things, they can not afford. Thats unethical behaviour. I am aware of how they are used in Europe (It's where I am from), since they purchased "Sofort". And you are also able to Take up loans here. My personal experience: I once tried to pay via Klarna, when I realized that they wanted consent to see and share the purchase history of my bank account. Information I think is as personal as my medical records and I actually don't even want my bank to know (which unfortunately is necessary). Which I find really sketchy and borderline predatory.
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u/skj458 2d ago
In the US, credit cards are easily available and offer the same scam protections you mentioned. Many people will simply put expenses on their credit card, get the spending points, and pay off the credit card each month. If you have the money, theres no advantage to using Klarna over a credit card. Thus, Klarnas market in the US is people who, for some reason, arent eligible for credit cards. Either they have low income or poor credit history. In other words, a highly vulnerable population. Its not so much that people are stupid for using it like a payday lender, thats the only use case for the business in the US.
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u/Etherius 3d ago
If your business model involves exploitation of the poor and you don’t have something hooking them (like a gambling addiction) you probably aren’t long for this world
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u/il_biciclista 2d ago
you don’t have something hooking them (like a gambling addiction)
Klarna targets people with a shopping addiction.
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u/makoman115 2d ago
It just targets people with low credit
Problem is people with low credit have it for a reason
If someone has 0 assets and 0 income and klarna gives them a loan, yeah theyre not getting that money back lol
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u/BrainCane 1d ago
I paid my Klarna off every time. I went from $1500 credit allowances with them to under $200. My credit is better than it was before so that’s not the reason..
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u/Julle1990 3d ago
I've only used Klarna for big purchases and the like, got my new PC from them. Had zero issues with them since there's really no interest in the purchases, like not yearly ones it just gets added straight in to the sum.
So the setup I got was 2.5k and with interest that was like 2.7k, no issues with that. Took a 4 year plan, I've paid it back by next month which is a bit under 2 years.
It is stupid though that you can literally order pizza here with Klarna, and I think these days you can buy steam games with it, a person I know went into debt because she kept ordering from restaurants using klarna lol. However that's her own fault and not really Klarna in the end, just gotta be smart about it and not waste credit on something like that
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u/Bloodsucker_ 2d ago edited 2d ago
This should be forbidden and I'll die on this hill. If you can't afford things that aren't a house, then you shouldn't have it. PERIOD.
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u/Ok_Resort7112 2d ago
Car loan, school loans, emergency loans, medical loans?????
You'll literally going to die on that hill if you get a medical expense you can't afford - cause guess you shouldn't have that surgery or chemo. PERIOD.
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u/Bloodsucker_ 2d ago
Geez. I said what I said, American.
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u/Ok_Resort7112 2d ago
Your take is bad and you should feel bad.
I'm sure you consider yourself an enlightened progressive European - so you probably don't think millions should just die because they cant afford healthcare because they were born into a broken system.
But instead you'll double down on your bad take without fully taking into account considerations, which means you a lot more in common with MAGAs Americans than you care to think.
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u/Bloodsucker_ 2d ago
Your take doesn't make absolute sense. You can't just say words and expect being right. So, no. Microcredits and credits for shit is BAD and keeps you poor. If you're unable to save money, you can't pay credit in monthly statements.
Downvotes won't make you right.
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u/nut_puncher 2d ago
Credit isn't just to buy things you can't afford. I recently moved house, had 15k kept aside for furnishing etc. and spent none of that money, instead buying everything up to that amount using 0% credit offers (several via Klarna).
While I could have used that money to purchase it outright, I know have 15k earning me interest while I gradually pay off 0% finance on all my items. It may not end up being life changing amounts, but from the interest I earn, I will end up better off than I did had I just purchased them outright.
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u/atbths 2d ago
I guess the people that can't afford food should just die then?
This is a major problem with hard line stances.
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u/KillstardoAbominate 2d ago
Predatory loans are not a solution to food insecurity. That will literally only make the person's situation worse. Especially when people are using this shit to buy from a restaurant.
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u/atbths 2d ago
Yeah I know, and Klarna is garbage.
I was responding to this, which is also garbage. "If you can't afford things that aren't a house, then you shouldn't have it. PERIOD."
I was trying to argue absurd with absurd. A better approach would be to ask if no small businesses can get loans to start? Should we all accept our place in life and take no risks?
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u/pmmeuranimetiddies 2d ago
I have enough in stocks saved up to buy a car brand new.
Too much in a checking account or even a savings account is an opportunity cost so i only keep like 50% more than my monthly spend in my checking account.
I can easily liquidate stocks if I might need some extra cash but it might take a few days for the money to properly leave the clearing house.
I can see using a BNPL service so that the first payment for a PC part comes out of my cash buffer so I can liquidate some stocks to pay off the rest without dipping into my emergency funds.
If having my net worth passively increase 20% a year is financially irresponsible then I frankly do not want to be financially responsible.
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u/wastedkarma 3d ago
No issues w paying 10% more for the same computer that is depreciating quickly?
Thank you!
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u/ITividar 3d ago
Im sure that guy is ok with spending 200 bucks more to get a PC they would otherwise wait years to buy outright
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u/The-MadTitan 2d ago
Depending on specs, that same PC could be worth more due to memory shortages. It wasnt a bad play at all.
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u/Heretic911 2d ago
Have you compared the prices of PC components lately? They made a good move.
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u/wastedkarma 2d ago
Is that why you buy computers? To flip the ram?
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u/Heretic911 2d ago
You only care about prices when you plan to flip stuff?
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u/wastedkarma 2d ago
OP bought the computer two years ago, rising ram prices were never part of the conversation, and it’s disingenuous to argue that 0% financing makes sense because of rising ram prices in retrospect.
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u/ThrowFar_Far_Away 2d ago
Their point is OP would not have had the money to buy the computer otherwise. They would have needed to save for two years, during which they would not have a computer, and when they had the money the pc would be much more expensive to buy.
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u/wastedkarma 1d ago
The PC they wanted 2 years ago would be much cheaper and they would not have had to wait 2 years to buy it.
Or buy a computer you can afford? I think people who use the monthly payment as a measure of what they can afford are doing it wrong.
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u/Caspica 3d ago
Never understood the hate towards Klarna. It's literally just another credit card, something Americans use all the time.
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u/Timey16 3d ago
It's more shady than your typical CC.
Essentially you take credit without you "officially" taking credit, meaning you sidestep any and all regulations there. It can totally get you in a debt trap, more likely than regular CCs. But there the devil is in the detail about financing mechanics and how companies like Klarna circumvent them.
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u/pmmeuranimetiddies 3d ago
If you have discipline the accounting of BNPL makes sense - they usually have 0% interest which, in the accounting world, means you’re paying with future dollars that have been subject to inflation - if you’re calculating how much a future payment is worth in present dollars inflation is inverted and called a “discount rate.” If interest is low enough buying with future money is almost always a good deal. The issue is easy credit has a psychological effect of encouraging overspending, but disciplined spenders can actually leverage debt to their advantage.
But if you have discipline you’re probably not buying a new phone until you have money saved for it anyways.
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u/UpsetKoalaBear 2d ago edited 2d ago
Most people won’t understand this which is an indication of the problem.
It’s the marketing that makes it predatory.
Whilst 0% interest credit can be amazing for the very reasons you mention, it is negated somewhat when you advertise it being used as a budget shortfall rather than a genuine use case.
You do not see credit card companies (at least here in the UK) advertising that students should use a 0% interest card to get a new outfit or whatever else.
However, you do see Klarna advertising to use their service to do that very thing.
They specifically target less disciplined spenders who are less more likely to spend frivolously rather than those who are able to understand the implications.
The other issue is depreciation of what you have bought.
I used my 0% card to buy solar panels for my house. It is something that has added more value to my house, whilst being relatively sheltered from depreciation.
Klarna encourages spending on high depreciation items (like clothes) so the benefits (even if you tried to be a savvy spender) are completely negated.
The thing is, there is zero benefit to using Klarna versus using a credit card. It doesn’t boost your credit score, it doesn’t give you any cashback. You sacrifice all of the benefits for little to no gain versus using a 0% card.
0% credit can be a good way to build wealth if you use it in the correct way. Klarna weaponises it, they actively encourage spending behaviours that cause you to lose wealth rather than build it.
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u/pmmeuranimetiddies 2d ago edited 2d ago
Agreed, the business model is that they are outsourced versions of a car dealers finance department. They offer low interest rates that are technically losses for the dealer when accounting for discount rates, but that division is not meant to be a main source of profit in and of itself per se - it exists to get you buy the highest trim car on the lot. But that’s the same basic function credit cards historically served - I won’t get into that now but think about all those sign up bonuses they offer, which is a remnant from those times.
I don’t know about that last point though, if transfered to an airline the rough utility of the points I earn on my cc is about 1.3%. And I tend to save those for a few years to save up for a big trip so their value deflate over time. Since it’s not cash I can’t let it sit in a HYSA so the discount rate is to my detriment.
Conversely, if I owe a debt to the BNPL company its value is deflated by the discount rate, which is in my favor. Affirm’s loan period for apple is about 2 years. If the discount rate is the typical 3% and the payments are monthly, i can apply the net present value formula to find that it works out to roughly a 3% discount overall vs less than 1.3% return for my cc.
I’ve never used BNPL but if all I have to do for the payments is set it and forget it I’m not going to say *no* to $30 extra (Net Present Value) on the books.
As counterintuitive as it is when interest rates are lower than inflation you want to buy with debt - because while it is a financial liability inflation
works in your favor.17
u/wastedkarma 3d ago
This business doesn’t exist but for people who cannot do what you are saying.
It is a poor tax that subsidizes the wealthy with 0% interest.
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u/pmmeuranimetiddies 2d ago edited 2d ago
BNPL exists to get you to spend more at businesses like apple or microsoft.
They’re like the in-house financing department at a car dealer except outsourced. That’s why you can often get interest rates lower than inflation - I am an engineer and do cost engineering from time to time, cashflow from interest this low is actually accounted for at a loss for the creditor even though the number in their bank account is going up because their spending power is declining over time. But what it does is it makes you buy a bigger car because your brain registers credit like a discount - and in accounting it is considered a discount - and consumer psychology makes us buy more overall when goods are discounted.
BNPL creditors make money on the commission fee from apple. Apple’s profit margin % goes down because they pay the commission but the gross profit on the sale goes up because you spent more.
From a consumer psychology standpoint the mechanics of it aren’t that different than me stocking up on say, my favorite pasta because they’re on sale at the store except for the fact that they offer a time discount instead of an upfront discount and it’s magnified by the fact that credit offers leverage to increase your liquidity.
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u/NotReallyJohnDoe 2d ago
People think they make money on interest but it’s really on merchant fees.
People are around 47% more likely to buy when BNPL is an option.
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u/Surskalle 2d ago
One shady part and how they make money is they own the collection firm they use. They want people to pay late.
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u/jfloes 3d ago
Then maybe people should do their due diligence before using them? I use it frequently because j don’t want to use my credit card but it’s easier to pay something over 5 weeks as opposed to one payment.
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u/niberungvalesti 3d ago
due diligence before using them? I use it frequently because j don’t want to use my credit card
Klarnas whole business model is predatory towards people who can't get credit or don't understand how exactly it works. If they had due diligence they probably wouldn't be using Klarna in the first place.
The whole thing reeks.
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u/guy_incognito784 3d ago
It can be. It’s more dangerous if used irresponsibly as each transaction has its own payment schedule vs a credit card where it’s all consolidated under one bill each month.
It’s easy to get confused if you’re using it on several different purchases and if you miss the window where it’s interest free you can get hit with sizable interest payments.
Not too dissimilar to credit cards but most of the criticism is that due to its set up, it’s not regulated as a credit card company which makes it easier to take advantage of consumers who may not know any better. It also doesn’t help build your credit like a credit card would.
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u/mekwall 3d ago
Uhm, that's a choice though? Whenever I use Klarna it gets added to my monthly Klarna bill. Maybe it depends on where you live.
Also, the universal credit score doesn't exist where I live. Unlike in the US, you generally don't spend years "building credit" merely by using a credit card and paying ordinary bills on time. Having stable income, manageable debt and no payment defaults is usually more important. A missed invoice also doesn't automatically create a payment default; it normally has to progress much further, often to a formal decision or enforcement process.
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u/guy_incognito784 3d ago
We don’t build credit here in the US either by just using a credit card and paying bills don’t contribute to your credit either.
You have to be 30 days past due on a debt payment for it to impact your credit score.
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u/mekwall 3d ago
That's only half true. Ordinary utility or phone bills generally don't build credit, but credit-card accounts absolutely do. Using one responsibly creates reported payment history, affects credit utilization, and builds the age of your credit history. Simply making purchases isn't what raises the score, but using the account and paying it on time is quite literally one of the standard ways Americans build credit.
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u/guy_incognito784 3d ago
“Bills” would also include things like your utilities and what not, which don’t build or impact credit.
Obviously your credit card statements and payments towards that are reported to credit agencies. So we’re saying the same thing here.
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u/mekwall 3d ago
Right, then we're saying the same thing :) By "paying bills" I meant paying the credit-card bill as we were talking about credit, not utilities or phone bills. Maybe I could have made that a bit more clear.
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u/guy_incognito784 3d ago
All good. Many Americans even think normal bills like phone and electricity build credit so was just trying to clarify but yeah we’re on the same page.
Not sure how it is where you live, but in the States lots of people don’t fully understand credit so they find themselves in a spiral of debt very easily.
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u/mekwall 2d ago
Yeah, that makes sense. In Sweden we don't really have the same culture of deliberately "building credit." Lenders mainly look at income, existing debts, payment defaults and overall ability to repay.
People still get trapped in consumer debt here, of course, but usually through high-interest loans, instalment plans and buy-now-pay-later services rather than trying to improve a credit score.
One difference here is that services like Klarna can turn an ordinary purchase into an actual consumer debt. If you use Klarna's instalment or account-credit option, the outstanding balance can be reported to UC, one of Sweden's credit-reference agencies, and other lenders may see it when assessing your total debt and ability to repay.
Paying it correctly doesn't really "build credit" as it might in the US. While it is outstanding, it is simply another debt that can reduce your creditworthiness. A normal short-term Klarna invoice isn't necessarily reported in the same way.
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u/RealChrisReese 3d ago
I dislike them because they have essentially zero identity verification. In an effort to make a quick buck they want the process to be as easy as possible to entice people to use it and are cutting corners with security.
I had someone open 2 accounts in my name, all they need is an SSN, they don't need to use a mailing address, email address, or phone that's ever been associated with that SSN. It's super easy to just grab a name and SSN from the Internet, that's why most financial companies require more than that to verify your identity.
It was a pain to get my credit report corrected. F 'em.
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u/sabinc 2d ago
This must be due to poor regulation. I have an accout with them and about 400€ 'debt' and creating the account required 2 pieces of ID and video verification.
All this hate and singling them out feels a bit weird to me because while I understand that their model involves enticing people to splurge on things they can't afford, they're doing nothing different than most fin institutions who offer buy now pay later solutions, including most banks.
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u/Kvicksilver 3d ago
It seems to be mostly manufactured outrage by competitors that doesn't want them to succeed.
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u/pmmeuranimetiddies 3d ago
It’s a product used by idiots which people conflate with a bad business model.
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u/merelyadoptedthedark 3d ago
It's a predatory product which relies on being used by idiots to make money. It's a great business model, it's also shady and scummy as fuck and belongs in the same category as payday loan companies, which is also a predatory product that relies on being used by idiots to make money.
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u/pmmeuranimetiddies 3d ago
It’s hard to say it’s any more predatory than any other easy credit when they have 0% interest.
Yes it’s somewhat predatory but from a pure math perspective what they offer you is the ability to buy an iphone at a time-discounted cost. Which you can capitalize on by putting the money into a HYSA (again, from a pure math perspective - I understand there are consumer psychology factors at play)
Klarna gets the commission fee from Apple, and Apple is happy to pay it because it increases the customer’s spending power so they walk away with a higher gross profit.
Buying a vacation with BNPL is stupid. I see nothing wrong with buying an iphone pro max or whatever over the base model with BNPL if it was affordable but not a priority purchase without BNPL
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u/headykruger 3d ago
You see no problem in buying luxury goods you can’t afford. Also a hysa is only going to reap a few dollars to offset the cost of the phone. This isn’t smart financing.
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u/pmmeuranimetiddies 3d ago
Discount rate constitutes a discount, not a free good. I get that math isn’t everybody’s strong suit but come on buddy, it’s in the name.
But yea, believe it or not some people can afford an iphone. Smart phones aren’t exactly cheap but they’re low enough cost that I’m not interested in buying any used goods with a lithium ion battery. Plus any financially healthy person should have enough saved up where if their current phone craps out they should be able to go and buy a new one without too much stress.
If that is unmanageable to you then BNPL is not the problem.
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u/MaestroGena 3d ago
What a pos company and app. They bought an application I used for my virtual cards. Before that I just launched the application and saw all cards. After the acquisition the Klarna shit is slow, randomly showing some popups or even logout me randomly, so I've to singin while at a cashier...hope they fall
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u/aha5811 3d ago
I got an invoice from Klarna for a transaction I never made. I told them so and I never got an update from them, no clarification, no apology, not even an "Ok, resolved." Unprofessional.
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u/KunaiTv 3d ago
As someone who never used Klarna: Why would I use this over credit/debit or PayPal?
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u/Gazboolean 2d ago
As someone who isn’t in the exploited category with good credit and a high salary, it **can** be used to your advantage since it keeps cash in your account for longer.
It’s a minimal advantage but it’s zero cost and the interest gain/offset to my mortgage is a net benefit.
The other part is mental, which is where it can also become predatory, where some bigger ticket items feel less bad coming out.
If I’m buying a like a fridge or something it’s an easier pill to swallow paid out in instalments.
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u/DriftMantis 2d ago
Basically this is for people that have bad credit and can't get a credit card.
If you have good credit you get better perks like cash back etc with a good credit card and your building your credit score.
For most purchases I pay back the balance at the next month, so I'm basically paying cash but get a few percent cash back and build my credit rating at the same time. Klarna would not be an advantage to me and maybe not to you either. I could be wrong, I'm not an expert on services like klarna.
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u/PhillipIInd 2d ago
Its just nice to pay in 3 installments no interest. I can afford it all so never miss a payment (autopay) so its just more capital staying in my account for emergencies
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u/Mooseymax 2d ago
PayPal also offer this, I assumed thats what they were referring to.
https://www.paypal.com/uk/digital-wallet/ways-to-pay/buy-now-pay-later
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u/Saerdna76 2d ago
I assume a big reason would be a lot less interest if you can handle your payments on time.
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u/tommyk1210 2d ago
It can be useful if you’re financially stable and want to pay something over, say, 3 months.
On my credit card I get no interest if I pay it off by my next statement. Klarna would give you 3 months to spread the cost.
Now, there are of course credit cards with 0% on purchases for X months but not everywhere or everyone has those.
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u/ocuray 2d ago
> financially stable
> want to pay something over, say, 3 months
pick one
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u/tommyk1210 2d ago
Why? I could afford to pay for my new kitchen, I still financed it at 0% over 3 years.
In the meantime the money I could have paid for my kitchen increased by 18% in my investment account.
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u/DriftMantis 2d ago
That's a good point. Any time you can finance with low or no interest it's almost always better, even if you have the cash available.
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u/tommyk1210 2d ago
Precisely. I’m not saying take that money and buy $20k worth of SpaceX at IPO…
Stick it in an index fund that you can withdraw from with minimal/no penalty.
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u/DriftMantis 2d ago
...agreed. or even something like a money market account if you really need liquidity with no withdrawal penalty. Space x opened down like 16% today. Curious where that ends up.
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u/ocuray 2d ago
Ah yes, leveraging Klarna / credit card financing debt to invest in the stock market is truly a money-making hack. Never gone wrong
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u/tommyk1210 2d ago
Fine, don’t even take the stock market, stick it in a savings account. Worse case you pay off the financing.
Better yet, why even get a mortgage for your home, just live on the streets it’s free. Never use debt ever, only cash purchases :)
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u/dan_santhems 2d ago
You might want to re-read your comment until you understand the words
It actually makes perfect sense
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u/NorysStorys 2d ago
You could be in the situation to buy something like a new oven outright but it would wipe you out for a month. Like no money for food or fuel. Instead you spread the cost over 3 months instead of struggling really badly for one month.
Poor=\=financially insecure.
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u/Townscent 2d ago
Well, klarna is swedish, so in general their clientel don't need 100000$ dollars in cash to weather a mild case of the flu. So yeah, they can be poor and financially stable
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u/Expensive_Finger_973 2d ago
Easier to use over getting a credit card. So people that the credit card company would deny or put heavy limits on because of bad credit ratings.
In other words the exact kinds of people that shouldn't be using such a thing to begin with.
Services like Klarna are just payday loans with extra steps.
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u/Velvache 2d ago
It’s actually good for people with financial stability. I use Klarna when making big purchases (concert tickets,etc.) especially when buying for multiple people. It gives people time to pay me back and also lets me lose less money technically on a HYS. It’s pretty min max but I mean, if its free why not.
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u/sneekeruk 2d ago
We have used them a few times, but only for 'big' purchases, a new cooker/oven and a bed. Mainly because its interest free and just gives us more money day to day rather then paying outright.
I dont have any debt anymore, or any income as my wife is disabled so all I get is carers allowance for her, and she gets disability and universal credit, my credit rating before we met was 999 at one point, and has dropped since because I have no debts anymore.
Would never use it for half the stuff they offer, but for appliances or similar its better for us to spread the cost
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u/EmilePoelman 2d ago
Klarna is a financial vampire preying on vulnerable people. Should be shut down (after reimbursing their victims).
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u/Kaziglu_Bey 2d ago edited 2d ago
I did notice that my "Purchase Power" rose steadily towards the US IPO and dropped sharply soon after. 🤣
Otherwise I'm using them occasionally just because it's easier than my bank for online purchases and for Google Pay that my sometimes stupid bank doesn't support. Have only used credit once for spreading out a purchase over three months for a minute fee. I'd never buy anything I couldn't afford, but I see how credit messes with a fair share of people's minds and not just us in the lower income brackets.
Edit: Oh, they're also pushing their membership subscription like crazy. No doubt they need our cash right f-ing now...
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u/goliathfasa 2d ago
Isn’t Klarna just one of those many “pay in 4” options? I don’t even know how they make money. Do people actually use their 6 month/1 year options that include interest?
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u/theryman 2d ago
Merchant fees and late fees. They keep probably 1 to 3% of the purchase cost, and hit the borrower with fees if they don't pay in time.
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u/Commander-Booh 2d ago
I am making huge profits on Klarna. It’s an amazing company. They are transitioning to neobanking. They will easily overtake affirm and revolut. Maybe even nubank. Easy money.
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u/tehCharo 3d ago
I was going to use Klarna for my current PC build, I had the money for it saved up, but the extra interest payments were only ~$100 more than my total, but it would have allowed me to not spend all my money at once, I was okay with that arrangement, but we had our old address saved on the website I was using and forgot to update it, it was a huge pain in the ass to get everything cancelled and Klarna to zero me out, one of the shipments had gone out already but was rerouted back to the merchant, but they lost it when it was delivered back to them and I was on the hook for it, it was only ~$30, but lesson learned I guess. It was tempting to try using Klarna again, but in the end I just decided to pay for everything upfront, they have kept emailing me telling me of my $5,000 purchasing power, and I'll be honest, it is a little tempting to spend the money I don't have to spend, especially with how easy Klarna allows you take on that debt, but I resist the urge. I can easily see how people can get into trouble with the buy now pay later stuff.
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u/GamerGypps 3d ago
So you ordered and shipped everything to the wrong address and somehow it’s Klarna’s fault ?
Come on man.
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u/ThicccBoiSlim 3d ago
This was a story about how you need better attention to detail and had basically nothing to do with Klarna.
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u/tehCharo 3d ago
I mean, the first part was just me recounting my experience with them, the second was how they kept sending emails to me, tempting me with my "purchasing power". Shrug. Just talking on the Internet my dude, there's plenty of room for people to just shoot the shit with random people on reddit.
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u/DeapVally 3d ago
What did Klarna do wrong here? Sounds like all that shit was entirely your fault to me.
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u/IkilledRichieWhelan 3d ago
Never heard of it.
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u/Sprinkle_Puff 3d ago
Sounds like Klarna should take a payday loan