Have literally $0 in your bank account? No worries, you look like someone who still needs to spend $30 on lukewarm delivered fast-food, break it out into 4 easy payments #doordash
Buy now pay later is for the ultra rich. Trump uses that
DoorDash CEO at the open house: "Listen guys, we're democratizing finance. Besides, it's mostly ultra rich people who aren't paying $20 up front for a burger. Let's be user centric here."
Nonpayment up front allows DoorDash to act as a creditor, which is financially advantageous for them, since they can basically print the money.
the power of drugs
I don't think that's the main issue. I am pretty sure door dash will use something like klarna or similar service company to implement this ... I'll be surprised if door dash does this in house .... The main advantage for door dash is that they're selling the "convenience" of paying later ... And that'll sell stuff I'm sure ...
I will take monthly payment option for anything as long as itโs 0% apr and no fees.
Yeah the time value of money of $25 for one month is legit
Think bigger. Take 0% apr for all your expenses
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Extremely bad idea .... Or an extremely good idea depending on whose viewpoint you're looking from
Nonpayment up front allows DoorDash to act as a creditor, which is financially advantageous for them, since they can basically print the money, or charge exorbitant interest
Like I said good or bad based on pov !! Bad for people who use this because they're never going to learn to have financial discipline ๐ ๐ To be fair, I don't think that's the main issue. I am pretty sure door dash will use something like klarna or similar service company to implement this ... I'll be surprised if door dash does this in house .... The main advantage for door dash is that they're selling the "convenience" of paying later ... And that'll sell stuff I'm sure ...