Are people actually using klarna on ebay
 

To pay for cards sounds insane ,,opinions please.if you cant afford the card dont buy and go into debt.just my opinion happy memorial day octavio

I'm sure a ton are. PayPal Credit is a big thing.

I found out the other day that social media influencers are recommending people max out Klarna because some financial talking head mentioned the company would pushing bankruptcy eventually. I’d normally wonder how people could be so stupid, but I stopped wondering and realized it’s more fact some years ago.

I will admit that I occasionally use PayPal credit for spontaneous purchases or eBay auction wins over a certain amount. I only keep just over monthly spending in my checking account and the rest of my liquid cash is in a Fidelity account that usually takes about 24 hours to transfer. I essentially only use it to pay immediately.

Brilliant strategy!!

I guess they don’t realize that their accounts are almost certain to be bought in bankruptcy, and the new owners will squeeze them to get paid.

If they offered a 0% interest for your first payment plan, I would take advantage of that.

But like someone said above, PayPal credit sometimes has some good offers where it’s no interest if paid in 6 monthly payments, so why not.

I just bought a card on eBay I would not have splurged for if not for a recent offer to put it on a Chase ”my plan” for 24 payments at 0% interest.

Your correct understanding they are hundreds of millions in debt .when i win or buy a card i pay right away.just me

I still have difficulty wrapping my head around this but my mom had a friend when I was growing up who's mortage company went bankrupt - that was the end of the mortgage. It didn't get bought out!:eek:. About half the original purchase price was wiped out. This was early 1990s in Kansas. I don't know the mortgage company name.

Seems the odds of this happening again would be nearly zero

Crazy stuff happens sometimes, no doubt. But more often, the stories tend to be a lot bigger than the reality, particularly when it comes to investments, getting free stuff, and saving on taxes.

I recall Mr. MaCawber in Dickens' 'David Copperfield who offered the sage advice to a young David: Income Pounds 100, outgo 99.9 Pounds, result happiness. Income Pounds 100, outgo 100.1 Pounds result misery. Still good advise today.

Micawber actually speaks of twenty pounds, give or take six shillings - maybe you're adjusting for inflation. But yes - worthy advice from a flaky character.

(Though apparently £20 in 1850, when the novel was published, would be £3440 today.)

Don't even know what (this brand new word to me) Klarna is, but I'm with you!
For me, it's one snipe bid, then pay immediately...or cry hysterically in the corner while sucking my thumb when I lose. :eek:

I collect cans and bottles which is 10 cents each in Conn and scrap metal for my purchases. Nothing is ever paid in debt.. I'm old school..

Nope, never. Never will finance any card unless it is the deal of a lifetime and I have a plan to pay it off before the debt is due. There is a reason why the promotional deal is great, and it is the same reason that you drink for free at a casino.

Ace Rothstein: [Narrating] In the casino, the cardinal rule is to keep them playing and to keep them coming back. The longer they play, the more they lose, and in the end, we get it all.

The Bottle Deposit
 

The Bottle Deposit …

I've used the Paypal pay in X amount of payments thing, it's no interest, so it's better than using a credit card. I end up usually paying it off before the end anyway.

funny jolly

funny jolly

John, thank you for chiming in. I am grateful you set me straight on cash amounts and humbled that I spelled Micawber's name wrong. Are you an English literature teacher or just a lover of Dickens, like me?
I wonder how many 18 year olds would have any idea what our posts are all about, or care. Or worse, how many Dickens' books have been pulled from library shelves for being too 'woke'. John

I read a ton of Dickens when I was 11 or 12, and David Copperfield was probably my favorite. Haven't read any Dickens lately, but I do still like him. Not an English teacher (I am 18, after all :D) but I love literature and read somewhat obsessively.

I'm currently reading Lord of the Rings for my fourth time (I am not ashamed to be a nerd) but maybe I should revisit Dickens when I'm done.

Klarna rocking with 1.08 stars! :)
 

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Not so great! :)

For better or worse, I've had a lot of professional experience with the buy now pay later lenders in a number of different countries. I see them as generally analogous to online sports gambling sites, in that it is possible to use them responsibly and sensibly, but the business model almost depends on the notion that a large number of people don't.

This is the first I've heard of the service, but I usually pay for eBay purchases with a credit card and then use the credit card points to pay for whatever I order from Amazon.

People are using Klarna for DoorDash...enough that they're making ads for it.

People are buying overpriced, slightly cold food delivery on credit.

So yeah, buying cardboard on credit from a retail-level auction site doesn't surprise me.