Klarna

Enhance the full shopping experience

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Klarna was founded in 2005 in Stockholm, Sweden. It is now one of Europe’s largest payment providers with solutions for 60 million consumers across 130,000 merchants in 14 countries. Klarna offers direct payments, pay after delivery options and installment plans in a smooth purchase experience that lets consumers pay when and how they prefer to.

Klarna represents 10% of the e-commerce market share in Northern Europe. Klarna offers real-time notification of payment authorization and possibility of immediate shipping of goods, with no risk of fraud or default.

Klarna’s payment methods:

Pay later

  • 14 or 30 days to pay
  • interest free
  • snooze due date for small fee
  • no registration needed
  • Klarna assume both the credit and the fraud risk

 

Slice It

  • Monthly payment plan
  • 3-36 months
  • Adjustable APR and terms
  • High impact on Average Transaction Value
  • No registration needed
  • Klarna assume both the credit and fraud risk

 

Features

  • Payment method type: Pay Later ( formerly Klarna invoice), Slice it (formerly Klarna installments)
  • Solution type: Gateway
  • Presentment/Settlement currency: EUR, GBP, SEK, DKK, NKK
  • Supported Integration: Payment Page, Web Service API
  • Recurring Payments: No
  • Chargebacks: No
  • Refunds: Yes
  • Payment Confirmation: Instant

How it works: Pay Later

  • Customer completes purchase with Klarna invoice. Merchant ships goods.
  • Customer receives payment instruction and has 14 days to pay.
  • Merchant receives the full amount regardless if, how or when the consumer pays Klarna.

How it works: Slice it

  • Customer completes purchase with Klarna Planned Payments. Merchant ships goods.
  • The consumer pays the first of X monthly installments.
  • Merchant receives the full amount regardless if, how or when the consumer pays Klarna.

Merchant Advantages

  • Offers options to pay in installments or pay later without taking any risk, and helps increase sales
  • Customers are redirected to Klarna who carry out quick risk checks and approve/reject payment
  • Secure as customer does not provide any payment information in the request to the merchant
  • Excellent alternative payment solution for declined card transactions and blocked customers

Customer Advantages

  • Benefit from options to pay in installments or paying later to suit individual financial needs
  • Convenient, reliable, and simple transaction process
  • No credit or debit card needed

Let’s Expand Your Global Footprint and Optimize Local Sales. 

Email our Sales team today at onlinepayments@worldline.com.