return2ozma@lemmy.world to News@lemmy.world · 10 months agoConsumer wallets are pinched, creating ripe conditions for buy now, pay later platformsfinance.yahoo.comexternal-linkmessage-square11fedilinkarrow-up188arrow-down14file-text
arrow-up184arrow-down1external-linkConsumer wallets are pinched, creating ripe conditions for buy now, pay later platformsfinance.yahoo.comreturn2ozma@lemmy.world to News@lemmy.world · 10 months agomessage-square11fedilinkfile-text
minus-squaredoublejay1999@lemmy.worldlinkfedilinkarrow-up7·10 months agoI did a piece of work for client, an online retail business that did end of line stuff brands. Like a TJ max but much much smaller and online only . Anyway, the revenue reached a certain point, and the Pay Later guys started calling. In Europe, Klarna is the big one. They basically offered £100,000 upfront for my client to add a Klarna Pay Later button at check out. That’s what it’s worth to them, to get young people on the hook.
I did a piece of work for client, an online retail business that did end of line stuff brands. Like a TJ max but much much smaller and online only .
Anyway, the revenue reached a certain point, and the Pay Later guys started calling. In Europe, Klarna is the big one.
They basically offered £100,000 upfront for my client to add a Klarna Pay Later button at check out.
That’s what it’s worth to them, to get young people on the hook.