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[adamsapple]

You're taking out a short term loan for a burrito

Pay off that Burrito Supreme in 6 easy installments with a 12 % APR

 

[SJRB]

 

[Forsete]

Here in Sweden where Klarna comes from shopping by invoice is no big deal, if you pay on time. Klarna has 30 days here.

Perfect when shopping online, you get the goods before you pay.

Guess it works different over thur.

 

[Madflavor]

Financing fast food delivery for your fat ass might be the most American thing I've heard all year.

 

[adamsapple]

 

[Jsisto]

Before long, cooking for yourself will be viewed as some sort of ancient mystical art.

 

[WhiteWaterM00se]

This is such a sign of the economy!

 

[newtypepilot]

get your 10pc KFC bucket for only 5 EASY payments of $9.99!!! plus shipping and handling.

That's 5 EASY payments of $9.99!!
What are you waiting for?! CALL NOW!!!

 

[SatansReverence]

What a hellscape.

Financing a single fast food meal.

 

[Unknown Soldier]

 

[AJUMP23]

Your credit score should go right to zero if you do this.

 

[thefool]

Google "Yuba City Dentistry" and you'll be able to find their logo that's slightly visible in the background.

This is very clown world

 

[poppabk]

 

[DeafTourette]

The only way this makes sense is if you're ordering for a party ... Like 17 or so Subway subs or 15 Pizza Hut pizzas.

Otherwise, this is stupid.

 

[EverydayBeast]

I got out of DoorDash's control, it's service can be addicting especially during the last pandemic when not going out was an easy decision.

 

[yet_another_alt]

Here in Sweden where Klarna comes from shopping by invoice is no big deal, if you pay on time. Klarna has 30 days here.

Perfect when shopping online, you get the goods before you pay.

Guess it works different over thur.

That's how credit cards work. What most of us are finding absurd is even having the option to pay for fast food in installments. That shit makes sense for big purchases but if you're so hard up for cash that you need to pay for food in installments then what you need is a lesson in financial literacy not an app that will put you in debt even faster.

 

[Unknown Soldier]

 

[StreetsofBeige]

Like all credit cards, if you can pay it off in full it's a great tool to defer payment to next month's invoice with no interest and even get back perk pts or cash back.

Klarna's website has this as interest rates if you cant pay in full or in their interest free terms. It sounds no different than a CC, but they hook people in with this 4 interest free payment plan, hope people overextend themselves and next thing you know all their bills pile up. And bam.... get hit with a 25% interest rate.

https://www.klarna.com/us/

³The Klarna Card is issued by WebBank pursuant to a license from Visa U.S.A. Convert any purchase to Pay in 4 issued by Klarna Inc. CA Resident Loans made or arranged pursuant to a California Financing Law license. NMLS #1353190. *28.99% APR applies to all moved or split transactions.

⁴See payment terms. A higher initial payment may be required for some consumers. CA resident loans made or arranged pursuant to a California Financing Law license. NMLS #1353190.A $1000 purchase might cost $181,04 per month over 6 months at 28.99% APR.*
*Rate ranges from 7.99%-33.99% APR based on creditworthiness and subject to credit approval, resulting in, for example, 12 equal monthly payments of $86.98 at 7.99% APR to $99.46 at 33.99% APR per $1000 borrowed. Minimum purchase required. A down payment may be required. Estimation of monthly payment excludes potential tax and shipping costs. Monthly financing through Klarna issued by WebBank.

 

[StreetsofBeige]

That's how credit cards work. What most of us are finding absurd is even having the option to pay for fast food in installments. That shit makes sense for big purchases but if you're so hard up for cash that you need to pay for food in installments then what you need is a lesson in financial literacy not an app that will put you in debt even faster.

Exactly.

There's going to be some ultra fiscally responsible people who can pay for McDonalds no problem in 4 interest free payments so they hold on to their money more. But it gets to a point of overdoing it to gain on opportunity costs paying for that Whopper combo over time instead of one CC payment.

The number of people in this situation who will do this is going to negligible I bet.

BUT, for those people (no doubt broke people or college kids with empty pockets) who are going to get tempted to order overpriced Doordash food and get their Klarna balance pile up over time is for sure going to outweigh the above people. Likely a very good business practice. Clever idea if you think about it. Instead of the standard way (as you said) of installments for big purchases, you also give the option to nickel and dime people for coffee and donut deliveries and hope they fuck up paying on time. Hey, any penny penalty fee counts. No doubt scraping the bottom of the barrel of consumers who will get hooked in and go on debt.

 

[StreetsofBeige]

"Fast" food is about as expensive as a sit-down lunch/dinner at a mid-grade diner or something.

I dont know about all you guys, but over years as fast food has jumped in price, and their deal prices are jacked up too I noticed that pizza places have hardly budged. Ok, maybe the pizza increased $1(?), but I swear some places like Dominos havent changed their prices in years. I can still score a good sized pizza on deal for $12 (Canada). They even had a awesome deal last week for $9 (large w 3 toppings).

But then places like McD and Burger King and all the kiosks in shopping mall food courts definitely pumped up the prices.

 

[chromhound]

This is crazy

 

[Unknown Soldier]

This is prime meme material

 

[Unknown Soldier]

Twitter is going nuts with this lmao

 

[Unknown Soldier]

 

[sono]

Financing food..

What a time to be alive

 

[segasonic]

Same skills that require raw food being way more expensive than a ready dish?

wat

 

[segasonic]

Here in Sweden where Klarna comes from shopping by invoice is no big deal, if you pay on time. Klarna has 30 days here.

Perfect when shopping online, you get the goods before you pay.

Guess it works different over thur.

Why not just use a credit card

 

[Mr Reasonable]

My dentist told me yesterday if I spinned their wheel of fortune and got the right color they'd give me a discount on my orthodontics. I'm not sure what look I had on my face but they clearly were bracing for an explosive response vs me just saying "why not give me the damn discount anyway!?" Anywho, America!

That is insanity. In a way, they've just said they can easily afford to sell the product for a lower price, it obviously will not impact their business in a meaningful way. You're spinning the wheel to see if you apparently for no reason will be told to pay more. I think your response was entirely appropriate.

 

[Forsete]

That's how credit cards work. What most of us are finding absurd is even having the option to pay for fast food in installments. That shit makes sense for big purchases but if you're so hard up for cash that you need to pay for food in installments then what you need is a lesson in financial literacy not an app that will put you in debt even faster.

Oh yeah, I agree. It's mostly for big purchases, not food.

Why not just use a credit card

For some reason I haven't gotten into the habit of using my CC. Online it's always invoices.
I guess its a culture thing.

 

[Sub_Level]

I'm still paying off my $50 dominos order from last year. The interest is killer.

 

[DKehoe]

 

[GateofD]

I use grubhub cause it's where I see a lot of buy one get one free offers where after all the fees it's just about the same as if I walked in myself.

 

[Makoto-Yuki]

honestly with the prices these days for food it's not that surprising.

 

[RCX]

Jesus, when I see stuff like this I count myself fortunate. I'm not rich but I'm not so up against it that I have to take on debt for a Big Mac.

 

[NickFire]

This is one of those instances where I hope government steps in and says no. Never my first choice but haven't we already seen desperate people get taken advantage of by this sort of thing when it comes to electronics, furniture, etc.?