When shopping online, customers who choose Klarna as their payment method are typically presented with three options: Pay Later, Pay in 3 or 4 installments, and Financing
. Pay Later allows customers to defer payment for 14 or 30 days, while Pay in 3 or 4 installments splits the purchase into equal, interest-free payments. Financing, on the other hand, lets customers pay for their purchase over a more extended period, usually with interest.
To use Klarna
, customers must provide their name, address, email, and mobile number. The company then performs a soft credit check to determine if the customer is eligible for the selected payment option. Once approved, the customer can proceed with their purchase and manage their Klarna account through the company's app or website.