Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

DoorDash will let users buy now, pay later for fast food, a possible worrying sign for the economy
Channel 3000 News/CNN ^ | March 21, 2025 | CNN Bitter LOSERS

Posted on 03/21/2025 6:57:45 AM PDT by Diana in Wisconsin

Buy Now Pay Later services are typically used on large purchases, like furniture. But now one service is branching out into fast food.

DoorDash is partnering with Klarna, a financial company that lets customers schedule small payments over a set period of time, in a new partnership announced Thursday.

When the option launches “soon,” DoorDash users can use Klarna to pay in four, interest-free payments or defer payments and let people pick a “date that aligns with their paycheck schedules,” according to a press release.

(BNPL) services, which also include Affirm and Apple, have exploded over the past few years. However, many economists and consumer advocates say the widespread use of these services, plus a lack of transparency and little regulatory oversight, leaves them wondering just how much debt Americans are actually getting into.

During last year’s holiday shopping season, Adobe said that BNPL usage “hit an all-time high,” raking in more than $18 billion in online spending — growing nearly 10% compared to the same time period a year earlier. The option is particularly attractive to younger, cash-strapped consumers who are looking to make their paycheck stretch further.

To make money, the BNPL providers charge merchants between 1.5% to 7% of the transaction price, according to Kansas City Federal Reserve research. For some retailers, the costs are worth it, according to research from RBC Capital Markets, which showed online BNPL offerings boosted average ticket sales by 30% to 50% and increase the share of customers who ultimately made a purchase.

Americans have found themselves in more and more debt recently. In the fourth quarter of last year, overall debt levels increased by 0.5% to $18.04 trillion, according to the Quarterly Report on Household Debt and Credit, a report from the Federal Reserve Bank of New York.

(Excerpt) Read more at channel3000.com ...


TOPICS: Business/Economy; Conspiracy; Food; Society
KEYWORDS: credit; doordash; economy; inflation
Navigation: use the links below to view more comments.
first 1-2021-40 next last
"That report also found that the share of households becoming seriously delinquent (a missed payment for 90+ days) on their auto loans and credit cards is at 14-year highs."

Disturbing to those of us that have always tried to be fiscally responsible.

BUT, I'm not the one living beyond her means. ;)

1 posted on 03/21/2025 6:57:45 AM PDT by Diana in Wisconsin
[ Post Reply | Private Reply | View Replies]

To: Diana in Wisconsin

Extremely disturbing I’d say.


2 posted on 03/21/2025 6:58:53 AM PDT by No name given ( Anonymous is who you’ll know me as)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin

Oh THIS is gonna end well.


3 posted on 03/21/2025 7:00:26 AM PDT by V_TWIN (America...so great even the people that hate it refuse to leave!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin

I think that is a pretty bad idea.


4 posted on 03/21/2025 7:00:39 AM PDT by BigFreakinToad (All she is, is cackles in the wind.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin

“I’ll gladly pay you Tuesday for a hamburger today”


5 posted on 03/21/2025 7:01:32 AM PDT by alancarp (George Orwell was an optimist.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: alancarp

👍👍

Wimpy Blast from the Past!


6 posted on 03/21/2025 7:03:30 AM PDT by one guy in new jersey
[ Post Reply | Private Reply | To 5 | View Replies]

To: Diana in Wisconsin

As if there isn’t a problem already with the use of credit.


7 posted on 03/21/2025 7:05:31 AM PDT by Nifty
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin

I wonder what the interest rate is after the 4 interest-free payment period passes. My guess: one arm, one leg.


8 posted on 03/21/2025 7:06:35 AM PDT by econjack
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin

My plan is to spend it all before I go.
My heirs can pay for the funeral.


9 posted on 03/21/2025 7:09:37 AM PDT by ComputerGuy ( )
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin

When you have to put your McNuggets on layaway you know you have a problem.


10 posted on 03/21/2025 7:11:53 AM PDT by Gay State Conservative (Import The Third World,Become The Third World)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin

They don’t think Bruno will come to collect.............

This may be a good way to launder money also.


11 posted on 03/21/2025 7:20:04 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued, but there must be a warehouse full of them somewhere)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin

People complain about the price of fast food, etc., then pay to have it delivered?


12 posted on 03/21/2025 7:20:46 AM PDT by jeffc (Resident of the free State of Florida)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin

Cooking simple meals is so much easier and cheaper...


13 posted on 03/21/2025 7:21:46 AM PDT by GOPJ (It's cheaper to 'rent a mob' for a Town Hall than buy thugs to burn down cities. )
[ Post Reply | Private Reply | To 1 | View Replies]

To: GOPJ

“Cooking simple meals is so much easier and cheaper...”

and much healthier ...


14 posted on 03/21/2025 7:26:31 AM PDT by catnipman ((A Vote For The Lesser Of Two Evils Still Counts As A Vote For Evil))
[ Post Reply | Private Reply | To 13 | View Replies]

To: Diana in Wisconsin

DoorDash isn’t just fast food. During the lockdown a lot of of higher end places went to the delivery services to keep money coming in. And many have stayed, revenue that doesn’t cost real estate is always a good thing. I’ve dropped $100 for sushi for 2 brought to me. Mind I don’t need a payment plan for that. But really is it any different to payment plan via DoorDash than to go to a restaurant and put it on a credit card.


15 posted on 03/21/2025 7:27:30 AM PDT by discostu (like a dog being shown a card trick)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin

Disturbing is that people don’t cook their own food (it is cheaper)


16 posted on 03/21/2025 7:32:10 AM PDT by goodnesswins (Democracy to Democrats is stealing other peoples money for their use, no matter how idiotic)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin

If you can’t pay for DoorDash food now, you shouldn’t be ordering it.


17 posted on 03/21/2025 7:33:26 AM PDT by 9YearLurker
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin

I thought I was joking about people having to take out a loan to buy a fast-food meal, but it seems not.


18 posted on 03/21/2025 7:37:03 AM PDT by HartleyMBaldwin
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin

There was dine and dash...

Now we have dash and dine and dash...


19 posted on 03/21/2025 7:41:42 AM PDT by HombreSecreto (The life of a repo man is always intense)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Diana in Wisconsin

“A possible worrying sign for the economy”

Pfffft. Where was CNN’s worry when Obama and Biden were spending trillions of dollars that we don’t have?


20 posted on 03/21/2025 7:50:36 AM PDT by libertylover (Our biggest problem, by far, is that almost all of big media is AGENDA-DRIVEN, not-truth driven.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-40 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson