Figuring Out Payments with Klarna

Jon Shieber has a chat with Klarna's Sebastian Siemiatkowski about meeting his co-founder working at Burger King and the lessons it taught them, opportunities for fintech in Europe, and what he finds interesting in the space right now.
Subscribe to TechCrunch Today: goo.gl/eg167
TechCrunch Disrupt is one of the most anticipated technology conferences of the year. Disrupt London has an all-new slate of outstanding startups, influential speakers, and celebrity guests.

[@Msginaboo4306]

I didn't know pay pal give loans are let you pay later the only thing PayPal does is let you pay for what you want from the company your purchase from that it.

[@herbankidd]

Can you pay with a credit card or only debit card/bank account?

[@MsMarie0072]

yes credit card

[@MyAlbert49]

Am so Exited about Klarn ..

[@surafielhaile1759]

Klarna 😍😍😍😍

[@VanessaMk1]

I don't advise anyone to use a company like this because you risk forgetting to pay them back (or they don't send you the invoice) and then you end up paying interest. In fact, that is their entire business model. They dont earn anything if the client pays immediately.

[@XIONz7]

VanessaMk1 so don’t forget, it’s the same as credit don’t forget to pay every month and you’ll be good

[@VanessaMk1]

@@XIONz7 Except they were caught not sending the first invoice to people, you can read about it in the media. I had issues with them too. When I contacted their ombudsman Fanny Sandh she never replied. In my opinion it is unprofessional and a lack of ethics. I will avoid this company like the plague and always pay upfront rather than deal with their bullshit.

[@Rckstrroma5]

VanessaMk1 well stay on track of it. Common sense

[@VanessaMk1]

@Mark Y What?

[@musicdev]

That's not true. Merchants pay these companies to be able to use their payments systems. Think about:
If a customer only has debit, they're less likely to buy something that costs more than what they have. Companies like Klarna, Affirm, and Afterpay allow merchants to be a part of their system that allows those merchants access to customers that will spend more. He even alludes to that right around 3:04. I still advise against it, but they still make money if you pay immediately.