01 October 2020Back to Blog
Partner Profile: Klarna
Used and trusted by over 200,000 online stores and 85 million customers globally, Klarna is a leading payment provider and licensed bank.
If you’re looking to make your online shopping experience for your customers easy and stress-free, then Klarna should definitely be considered. The idea of “Shop now, pay later” allows customers to enjoy a more relaxing online shop and not have to worry about paying the full cost of their purchase up front. Instead, they can buy a product, enjoy it straight away, and worry about the funds at a later stage. The checkout process is, therefore, made much simpler and smoother with just a one-click approach, helping boost conversion rates and merchant business.
Why choose Klarna?
Smooth and simple to use – Very simple and straightforward to use allowing for a very quick and easy checkout with less friction. This can in turn increase conversion rates and help boost business for your business.
Secure and protected – Customers are covered with Klarna’s Buyers Protection scheme – if their order does not arrive then Klarna will cover the cost. Equally, your business is protected as Klarna takes account of all credit and fraud issues.
Dedicated support – Klarna has a great 24/7 award-winning merchant support team on hand to help with any queries you may encounter.
Automatic Updates – You don’t need to worry about keeping on top of the latest updates as Klarna will sort this for you, no problem. You’ll always have the latest version of Klarna without even having to do anything – it’s like magic!
App – Klarna also provides a very useful and easy-to-use app that lets shoppers manage their finances and see an overview of their shopping status. Payments can be processed or snoozed with just a tap of the finger and the handy in-app chat service is always on hand and ready to help with queries.
Easy integration – Klarna seamlessly integrates with a range of primary platforms including BigCommerce and set-up is a quick and easy process. Once the integration is in place, products will automatically update – easy, right?!
3 Payment Options
Pay in 3 installments
This option allows your customers to purchase a product and then repay the cost for the item(s) in 3 equal monthly installments. The costs are both interest and fee-free and will automatically be collected from the card inputted by the customer at checkout. This is a hassle-free setup allowing for customers to try out product costs to be spread out and does not rely on the customer having to remember to make the payments. This is a great solution for customers who are not prepared to pay the full cost on the day of the purchase and need a bit more time.
Pay up to 30 days later
Your customers can buy a product from your site and have up to 30 days after the order is sent out to pay for the purchase. This is a particularly special option as your customers are able to try out the product before they have processed payment. Klarna will also send out friendly reminders to the customer so they don’t risk missing the payment deadline.
6-36 month financing
Giving your customers the financing option allows them to spread out their transaction cost over 6 to 36 months. These flexible payment plans are ideal for customers buying pricier items, with Klarna’s average purchase value with financing standing at £2000.