{"id":23289,"date":"2021-10-13T01:22:46","date_gmt":"2021-10-13T08:22:46","guid":{"rendered":"https:\/\/financer.com\/?post_type=company_single&p=23289"},"modified":"2024-05-29T17:32:17","modified_gmt":"2024-05-30T00:32:17","slug":"klarna","status":"publish","type":"company_single","link":"https:\/\/financer.com\/company\/klarna\/","title":{"rendered":"Klarna"},"content":{"rendered":"\n

Klarna is a Swedish fintech company that provides buy now pay later<\/a> (BNPL) solutions for consumers and merchants around the world. <\/p>\n\n\n\n

In the US, Klarna entered the market in 2015 and has since become a popular payment provider for e-commerce businesses.<\/p>\n\n\n\n

Klarna processes more than two million transactions per day<\/strong> and is available in 45 countries<\/strong>. <\/p>\n\n\n\n

Klarna’s products and services in the US include a variety of payment options such as pay later in four interest-free installments, pay later in 30 days, and financing options with fixed monthly payments. <\/p>\n\n\n\n

The company also offers a shopping app<\/a> where users can discover and shop at various online retailers, and manage their payments and purchases in one place.<\/p>\n\n\n

Download the Klarna app<\/a><\/div>\n\n\n

How We Rate Klarna<\/h2>\n\n\n\n

At Financer.com, all lenders go through a thorough research and review process. Here\u2019s how we rate Klarna:<\/p>\n\n\n\n

Category<\/th>Rating<\/th><\/tr><\/thead>
Application process<\/td>\u2b50\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Repayment terms<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Transparency<\/td>\u2b50\u2b50\u2b50<\/td><\/tr>
Customer support<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr>
Overall<\/td>\u2b50\u2b50\u2b50\u2b50<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n
<\/div>

Do We Recommend Klarna?<\/h3>Yes, we recommend Klarna as a reliable buy now pay later provider. Skip to our full Klarna review below and see how we rate Klarna<\/a>.<\/div>\n\n\n

Want to skip the details? Jump to our final verdict here<\/a>.<\/p>\n\n\n\n

Here’s what we’ll cover in this review:<\/h3>\n\n\n\n\n\n

Klarna Overview<\/h2>\n\n\n\n

Klarna is a popular buy now pay later (BNPL<\/a>) lender in the US. They partner with reputable retailers, allowing consumers to make purchases and split up the cost into interest-free payments<\/strong>.<\/p>\n\n\n\n

These payments are essentially the same as interest-free, short-term installment loans<\/a> with a more traditional financing model. <\/p>\n\n\n\n

Here’s a quick summary of Klarna:<\/strong><\/p>\n\n\n\n

Overview<\/th>Features<\/th><\/tr><\/thead>
Loan type:<\/strong><\/td>Buy now pay later<\/td><\/tr>
Availability<\/strong>:<\/td>In-store and online<\/td><\/tr>
Repayment options:<\/strong><\/td>Pay in 4, Pay in 30, financing<\/td><\/tr>
Terms<\/strong>:<\/td>Up to 36 months<\/td><\/tr>
Late fees<\/strong>:<\/td>$7 or 25% of your order amount, whichever is less<\/td><\/tr>
Other fees:<\/strong><\/td>None<\/td><\/tr>
Min. credit score:<\/strong><\/td>None<\/td><\/tr>
Requirements:<\/strong><\/td>At least 18 years old
U.S. citizen
Active bank account
Regular income
Valid phone number and email<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Klarna has partnered with many major retailers in the US, including H&M, Sephora, and Adidas. The company has also collaborated with major financial institutions such as Visa and Mastercard, to expand its payment services and increase its reach in the US market.<\/p>\n\n\n\n

Klarna’s payment solutions are designed to simplify the checkout process and provide a seamless experience for users. <\/p>\n\n\n\n

The company also offers customer service and support, including chat and email support, to assist customers with any issues or questions they may have.<\/p>\n\n\n

Visit Klarna to get started<\/a><\/div>\n\n\n

How Does Klarna Work?<\/h2>\n\n\n\n

Klarna offers several payment options to consumers in the US: <\/p>\n\n\n\n

Pay in 4<\/h3>\n\n\n\n

This payment option allows consumers to split their purchase into four equal payments<\/strong>, with no interest or fees charged. <\/p>\n\n\n\n

This payment option is particularly popular among younger consumers who prefer to spread out their payments over time.<\/p>\n\n\n\n

Example<\/strong>: If you make a purchase for $400 you’ll pay $100 at checkout. The three remaining payments of $100 each would be billed to your card every two weeks.<\/p>\n\n\n\n

Pay in 30 <\/h3>\n\n\n\n

This payment option allows consumers to delay their payment for up to 30 days after their purchase, with no interest or fees charged as long as payment is made in full within the 30-day period. <\/p>\n\n\n\n

This payment option is useful for consumers who may not have the funds available at the time of purchase but expect to have them in the near future.<\/p>\n\n\n\n

Financing <\/h3>\n\n\n\n

Klarna also offers financing options with fixed monthly payments. <\/p>\n\n\n\n

Consumers can choose to finance their purchase over a period of 6-36 months<\/strong>, with interest rates ranging from 0-24.99% APR<\/strong>. <\/p>\n\n\n\n

This payment option is useful for consumers who need to make a larger purchase and prefer to spread out their payments over a longer period.<\/p>\n\n\n

Visit Klarna to get started<\/a><\/div>\n\n\n

Klarna’s payment options are designed to be flexible and convenient for consumers, with a focus on providing a smooth and simple checkout process. <\/p>\n\n\n\n

The company also provides reminders for upcoming payments <\/strong>and offers the ability to manage payments through their mobile app or online account.<\/p>\n\n\n

<\/div><\/div>\n\n\n

Overall, Klarna’s payment options provide a useful alternative for consumers who prefer to pay over time or need more flexibility in their payment options.<\/p>\n\n\n\n

Klarna Pros and Cons<\/h2>\n\n\n\n

Here are some of the pros and cons of Klarna as a payment provider:<\/p>\n\n\n

Pros<\/h3>\n

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