DoorDash and Klarna signed deal where customers can pay for food in installments

unusualwhales.com

9 points·nradov··8 comments

If you can afford DoorDash, you shouldn't need to make payments on your food, lol.

> split payments into four equal interest-free installments

So you'd pay exactly the same amount of money, but spread into the future instead of all up front? Isn't this a no-brainer that everyone should always do, so that you're earning interest on the money in your bank account longer? And how can they afford to provide that?

I haven't read their fine print, but usually with interest-free offers, the catch is that if you're ever late on a payment, you get hit with a relatively huge late fee, or your interest rate gets switched from 0% to whatever the highest rate allowed is.

I think that's how they afford it: counting on enough people to end up paying interest or fees after all.

What phase of late-stage Capitalism is this?

It's horrible but it's spawning some pretty funny takes, such as "Collateralized Burrito Obligations":

"A single BNPL contract for a burrito is incredibly risky. Anyone willing to pay for a burrito in installments can't be trusted to pay their debt. But what if...we pooled the payments together? The risk would go away."

What happens if I don't pay? Are they gonna repo the prime rib out of my fridge?

Maybe you have to become a DoorDash indentured servant to work off the debt?

Great, now you can eat on dedicated debt. Solidifying the complete migration to credit culture.

There's no way this ends well for the average consumer as each meal is a fractional increase in debt, essentially a reverse apy to the lender.

Now you can go into debt to get lukewarm mediocre food at a premium price!

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