Klarna debt trap? How the payment business works.
Most people only know Klarna as a payment option for online shopping. But thanks to #Klarnadebt, it's possible to spend money even when you don't have any. With dire consequences, especially for young people.
»» This madness is made possible by GLS Bank. Here you can find out why GLS Bank is attractive for more than just its free overdraft facility: https://gls.de/privatkunden/ws?pk_cam...
In Germany, people don't usually like to talk about money – especially not about debt. But on TikTok, people are practically flaunting their debts in the Klarna app. How does that add up? How does Klarna's business model actually work, and what exactly is the difference between buying on account, installment payments, and instant bank transfer?
This video explores why Klarna's advertising is somewhat misleading and why young people end up in debt with them in the first place.
In Germany, people don't usually like to talk about money – especially not about debt. » SOURCES & INFO «
The smooth commercial
• Klarna – Smoooth (The Fish)
All important information about debt counseling:
https://www.finanztip.de/schuldnerber...
Online debt counseling from Caritas
https://www.caritas.de/hilfeundberatu...
Here's Magda's TikTok:
https://www.tiktok.com/@justmagda/vid...
#klarnaschulden on TikTok
https://www.tiktok.com/@metallfresse_...
https://www.tiktok.com/@lizi.nm/video...
https://www.tiktok.com/@g1navag1na/vi...
Klarna is sitting on PayPal Neck
https://www.faz.net/aktuell/finanzen/...
Payment service Klarna valued at almost $46 billion
https://www.manager-magazin.de/finanz...
#KlarnaDebt – How Generation Z flexes with high debt on TikTok
https://financefwd.com/de/klarna-schu...
Klarna acquires Sofortüberweisung for €150 million US Dollar
https://www.businessinsider.de/gruend...
Statistics on private debt
https://www.destatis.de/DE/Themen/Ges...
Payment providers: How Klarna is positioning itself as a super app
https://www.internetworld.de/payment/...
Why pay interest? - Klarna
• Why pay interest?
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“Money makes the world go round” - and yet most people have little understanding of economics. Isn't that totally boring? I disagree.
I'm Johannes, and I spent several years training and working at a traditional bank. At some point, I'd had enough of "more profit" being the sole objective of my work, which is why I finally quit.
On this channel, I want to explore each week how our economy works—and how it might work better.
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