DoorDash, Klarna Partner for Buy Now, Pay Later Options

DoorDash has partnered with Klarna to introduce flexible payment options for customers, allowing them to defer payments for orders over $35. The new options include 'Pay in Full,' 'Pay in 4' (which divides payments into four interest-free installments), and 'Pay Later,' which lets customers delay payments until a more convenient time. This initiative aims to enhance convenience for DoorDash users, expanding access beyond food delivery to include groceries and retail items. However, experts caution that buy now, pay later services can lead to financial strain, especially for users already managing credit card debt. Klarna asserts that its model encourages responsible repayment, unlike traditional credit cards that may incur interest and late fees. The partnership reflects a growing trend in the BNPL market, where consumers seek alternative payment methods for everyday purchases.