What is Klarna?

Klarna is one of the market leaders in buy now, pay later services. It offers three payment methods: Pay now, Pay later, and Financing. With Pay later, consumers have the option to pay within a set amount of days or pay in interest-free installments.

Why Klarna?

Global consumer base

 More than 140 million consumers used its services in 45 countries.1

Widespread acceptance

In 2021, Klarna had more than 400,000 global retail partners that helped them deliver a seamless shopping experience.1

Boost sales and loyalty

Klarna can increase purchase frequency and conversion for consumers using Pay later.

How does Klarna work?

1. At online checkout, the consumer selects Klarna as their preferred payment method.

2. The consumer enters their contact information.

3. The consumer chooses their preferred plan, enters the required personal details, and confirms the transaction.

4. The merchant and consumer are notified of the successful transaction.

More about Klarna

Consumer Austria, Belgium, Canada, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, United Kingdom, United States
Merchant Global
Minimum CHF, DKK, EUR, GBP, SEK 0.01
Maximum CHF, DKK, EUR, GBP, SEK Klarna sets the maximum
Timeout 48 hours
Consumer CHF, DKK, EUR, GBP, SEK
Processing CHF, DKK, EUR, GBP, SEK
Settlement CHF, DKK, EUR, GBP, SEK
No Recurring payments
No One-click payments
Yes Refunds
Yes Partial refunds
Yes Multiple partial refunds
Yes Payment guarantee
Yes Chargeback risk

1 Klarna Annual Report 2021, page 3

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