What is Klarna?

Klarna is a popular payment service that allows consumers to make purchases online and pay for them later. The service is designed to make online shopping more convenient and accessible, and it is available at thousands of online stores worldwide. In this blog post, we'll take a closer look at how Klarna works and how you can use it to make online purchases.

When you shop at an online store that accepts Klarna, you can choose to pay for your purchase using the Klarna service. After you have selected the items you want to purchase and added them to your shopping cart, you will be prompted to choose Klarna as your payment method. Once you have done this, you will be asked to provide some basic information, such as your name, address, and email.

Once your information has been verified, you will be able to complete your purchase. Instead of paying for the items upfront, you will have the option to pay for them in installments over a period of time. The exact terms of the installment plan will vary depending on the store and the purchase amount, but they usually range from 3 to 12 months.

Klarna also provides a "Buy Now, Pay Later" option, which allows you to make a purchase and delay the payment for a specific period of time, usually 14 or 30 days. This option is useful for those who want to make a purchase but don't have the funds available at the moment.

Klarna also offers a feature called "Sofort" which is a direct debit service, it allows the customer to make the payment directly from their online bank account.

It's important to note that Klarna is not a lender, it's a payment service provider that partners with merchants and banks to offer financing options to customers. This means that if you choose to use Klarna to make a purchase, you will be entering into a separate agreement with Klarna and/or the lender, and you will be responsible for paying the agreed-upon installments on time.

Klarna also offers a feature called "Pay later in 3" which allows you to shop now and pay later, with no interest or fees.

In conclusion, Klarna is a convenient and flexible payment service that makes online shopping more accessible. By allowing customers to pay for their purchases in installments or delay the payment for a specific period of time, Klarna makes it easy for consumers to make the purchases they want without having to wait. However, it's important to be aware of the terms and conditions and make sure you can pay off your debt on time, as it may have an impact on your credit score.

You can shop on BST by using Klarna as a payment method.