Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

We want to get to the same point. My only concern is the wording so I will go through this slowly. Let us forget about a shop so as not to mix things up. Let us forget about the scenario where the credit provider provides credit to the shop.

Let us look at Klarna, which is the biggest operator here. Klarna provides credit to a customer to purchase an item from a shop. This amendment will capture Klarna because the previous legislation said that it was the sale of a product. Klarna were not selling a product or jacket and only provided credit. This amendment is about the provision of credit so Klarna is captured so far. The problem is that the amendment states "other than where such credit is granted or made available by a person who has invited, by way of advertisement, consumers to avail of such credit". That is my concern. Let us look at what happens in the market and at Asos, for example. It is not Klarna that invites people to take credit with Klarna but Asos. The credit is not being provided "by a person who has invited...", it is the actual retail outlet. That is what happens in the market here and that is why I am concerned.

I am looking at advertisements. It is the shops which ask people whether they want to pay with Klarna and, if so, they have two options to either pay now or spread payments over a certain period. It is the shop that invites the person and that shop is not the credit provider. So the credit provider can say that is fine but I am not, as is stated in the amendment, "a person who has invited, by way of advertisement, consumers to avail of such credit".