Think of all the bad ideas you have ever heard. Bet you didn’t come up with this one: financing your pizza delivery.
The next time you order a large stuffed crust pepperoni, you may have the option to pay it off over six weeks without putting it on your credit card. For many financially stretched consumers, this couldn’t come at a worse time.
Food delivery service DoorDash has announced a new partnership with financial tech company Klarna to offer “buy now, pay later” as an option when customers order from a restaurant for home delivery. The payment company announced that over the next few months it will be rolling out new checkout options that will effectively allow DoorDash customers to take out an instant loan to finance an order of General Tso’s chicken over a couple of paydays.
In a news release announcing the partnership, DoorDash’s head of money products Anand Subbarayan said: “As we expand DoorDash’s offerings, from groceries and beauty to electronics and gifts, flexible payment options are essential to meeting our customers’ needs.”
Borrowing for a car or a home, maybe. But Five Guys? What could possibly go wrong?