Layaway

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Oh it's well hidden in the details, but the interest gets paid. In fact, if you miss a single payment, you pay everyones interest. And they will absolutely come after you for an originally tiny amount of money.

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Eugh. With the downvotes, really? How naive are people? Yep, I understand what you're saying. And that's usually how it works. But f# me if it doesn't work like that a lot of the time. And my point is (and I think what the other person who started this chain means) that when people who could have enough and not take advantage of the welfare system (like many many people do where I live) do take advantage, the hammer comes down and less fortunate people miss out.

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They make money from people's mistakes.

As in: if a customer doesn't pay one of the payments exactly on time they turn into loan sharks with "penalties" vastly exceeding the loan price.

They're not "hoping the customers pay it back", it's almost the opposite - they want people to miss a payment or two and end up paying way more than the actual loan.

It's really not worth it to get into that shit as a customer.

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Por qué no los tres?

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I can get a large three topping pizza for $8 USD compared to $10 at Pizza Hut or $11 at Papa John's.

Do you only have chains? No normal pizzeria?

dustycups

Awful in Australia.
They got a fancy menu but it still all smells of old oil or something.

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Fucking thank you. I work with SNAP and you've absolutely nailed the intention of the program. That assclown is disgustingly bitter.

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McDonalds seems to have become an exception, as it tends to be cheaper in the EU than in the US

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Based on my sample size of the one Dominoes restaurant in Nijmegen (Netherlands): it is better outside of the US. Still not great, but better. The chicken shoarma pizza could possibly be considered 'good' if it were fresh, but that location only does delivery so...

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Even knowing this and the grand plan, I feel like I get sucked in, too. It starts as "wanting to stick it to the man" by taking them up on whatever overly generous deal they feel like offering. "I know they'll get rid of it eventually, but there's no harm in abusing it while I can". But any "good" company won't just instantly quadruple their prices and sack all of their customer service staff on the spot. It'll always start off slowly. They'll offer promotions that are 5% less generous, they'll start to charge bag fees or service charges. They'll impose minimum transaction amounts. Etc.

By the time it becomes obvious, it usually too ingrained in your life, and the lives of many others to easily ditch. I saw this happen a lot with uber eats and Doordash. During COVID, they were paying people to stand at train stations and hand out flyers. They'd be offering like 50, 60, 70,.sometimes 80% off your order. Some of them were one time use only, but the lower value ones like 40% were usually reusable if you got a new code. Eventually by this point where you have to sign up for a monthly subscription to get any discount, it's already kinda ingrained in my life and once or twice a week when I "can't be arsed cooking" I end up just ordering something in and blowing 20 or 30 bucks on a meal rather than just keeping a pizza or some salad or other easy meals in the freezer

I could rant for a long time about the uberification of food delivery. Even places offering "in house" food delivery usually end up using on demand uber eats drivers anyway. Then they'll have the audacity to mark everything up 30%, charge a card surcharge, service fee, bag fees, priority delivery fee, on top of a delivery fee. Places that manage their own deliveries with hourly employees, not "iNdEpEnDeNt CoNtRaCtOrS" goes in my good books

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It’s the same in Japan! Smallest pizza you can imagine at 3-5x the price

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I can't not hear "the greatest technician that's ever lived" after seeing this

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Lol, a normal sized three topping pizza here in Germany at Papa Johns is like 17$. Domino's is not better with ~15-16$ though.

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Why is the pizza in prison

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I remember having one in Norway, where the location was at a waterfront. Their dough tasted like it was bathed in saltwater 🤮

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Nah, I live in an area with lots of older Italian immigrant families actually, there's a few pizza shops, sandwich shops, and import markets that have way better pizza.

Domino's is when I'm being a lazy fat piece of shit and grabbing cheapo garbage on my way home from work or something. Rittino's has way better food, but their large pizza costs $25

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MFW, Chicago pizza prices are higher than Germany and people are saying Europe has the most expensive pizzas, while other Americans are paying less than $10 for a pie.

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This is how they make money. It's the only way they make money.

That is not correct. Klarna is functionally a payment processor, like an advanced type of credit card, and charges the merchant fees per transaction. For example, see here. They are highly cagey about specific fees until you actually sign up, and it depends on region and business size. But interchange fees are where the majority of their revenue comes from. To my knowledge, the fees are typically 3 percentage points above what the merchant would pay for a credit card transaction.

The reason merchants still accept Klarna despite the high fees is of course, improved conversion rates and decreased risk. Klarna assumes all the risk of the customer not paying, the shop gets all of the money instantly and doesn't have to worry about it for the most part. That mainly makes it attractive for high margin shops that don't mind spending lots on marketing to get a few extra sales (fashion, perfume, high end electronics).

I'm not too knowledgeable on how Klarna deals with late fees, but I'm pretty sure it differs per country they operate in. Many places have regulations limiting the abuse of late fees. I wouldn't be surprised if the US is not that kind of place, and people who are late get fucked with fees.

In general, I agree with the second part of your comment and I do not recommend using any buy-now-pay-later kind of scheme, because you're taking on additional risk for no real reason. Lots of stuff can happen even through no fault of your own (check engine light? Job downsizing?) that will affect your expected future income.

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Here's the thing, though. There's no interest charged to the customer. I think Klarna makes its money just because companies pay them money for integrations and for the ability to advertise that customers can buy now pay later and such. And at least in the case of my company's integration with Klarna, Klarna takes all the risk. They're lending customers money and hoping the customers pay it back. My employer gets the money up front and isn't out any money if the customer doesn't pay.

Your company pays a transaction fee just like with a credit card. Except it's usually roughly twice as expensive as a credit card. This is what allows Klarna to take on all that risk, generally. For your company this is essentially a marketing expense. Offer a convenient way to pay in return for a few percent of the transaction (3-6% + a fixed fee, $0.30 perhaps).

Klarna generally partners with some financial firm to finance these short term loans, and they use the merchant fee to pay interest. These can be as high as 25% APR. It's a high risk loan.

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Papa John is technically a pizza crime.