this post was submitted on 22 Mar 2025
72 points (100.0% liked)

Economics

686 readers
46 users here now

founded 2 years ago
 

Summary

DoorDash is partnering with Buy Now, Pay Later service Klarna to let customers divide fast food purchases into interest-free installments or defer payments to align with paycheck schedules.

This expands BNPL services beyond their typical use for large purchases like furniture.

The partnership comes amid record BNPL usage ($18 billion during last holiday season) and as Americans face increasing debt levels, with serious delinquencies on auto loans and credit cards at 14-year highs.

Klarna plans to list on the NYSE soon, capitalizing on the BNPL market projected to exceed $160 billion in seven years.

top 13 comments
sorted by: hot top controversial new old
[–] [email protected] 17 points 1 week ago (1 children)

Too late to explore the world with on a ship, too soon to explore space, just the right time to finance fucking door dash.

[–] [email protected] 3 points 1 week ago

I live on a sailboat. It's not too late. Sure, you may not be discovering new lands, but making an ocean passage is still seriously challenging.

[–] [email protected] 13 points 1 week ago (2 children)

People can't even afford food without putting it on credit. If that isn't the most dystopian thing I dunno what is

[–] [email protected] 3 points 1 week ago* (last edited 1 week ago)

One that gets me is the federal minimum of $7.25 wage hasn't been increased since 2009. It's the inverse of the atomic test clock at Hiroshima that is reset whenever a nuclear weapon is tested or used; the clock it portends doom whenever it's count of days is low, the federal minimum wage's punishing condemnation to poverty of tens of millions of citizens exponentially increases in pain each year it doesn't change while other goods and services have exploded in cost even in the last 5 years let alone since the great recession when it last went up.

In reality the federal minimum wage is often far more than employees receive so things are worse than $7.25 per hour. Many southern/red states lobbied and passed "tip credit" laws that allows them to steal their employees' tips if they make more than $7.25 per hour to reduce their earnings to the federal amount. The actual minimum wage that employers may pay a tipped employee after stealing their tips is $2.13 per hour.

The restaurant and lodging association are a huge lobbying arm that will pivot nicely into the Sharecroppers Management Association where once you go into debt with Doordash they'll help "place" you in a restaurant where you can repay your "burrito debt".

[–] [email protected] 1 points 1 week ago

They can't afford food or they can't afford a taxi for their burrito?

[–] [email protected] 7 points 1 week ago (1 children)

doordash is THAT overpriced.

[–] [email protected] 2 points 1 week ago

Exactly. Menu price is 30-50% higher, then add probably $15 in bullshit fees, and a tip for the driver. It's just not worth it anymore.

[–] [email protected] 7 points 1 week ago

Not only do I need a personal chauffer for my burrito, but now I can finance the whole thing!

[–] [email protected] 3 points 1 week ago

This isn’t exactly a new trend. Instacart has been offering this for groceries, which is just as bad.

[–] [email protected] 3 points 1 week ago

I think this is for things like large parties. Like using it as a catering service.

[–] [email protected] 2 points 1 week ago (1 children)

Doordash wouldn't be the first delivery company partnering with Klarna.

[–] [email protected] 1 points 1 week ago

Instacart has been for months

[–] [email protected] 1 points 1 week ago

I think this is more general. Klarna must make the line go up, like any company that participates in capitalism. The obvious BNPL angles have been covered for ages now.