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With Klarna, you can shop with over 200,000 online retailers and pay over 4 interest-free instalments. Shop with some of the biggest retailers like Asos, H&M, Topshop, Boohoo and Abercrombie and Fitch. Approvals are fast and there are no associated fees. Late fees range from $3 to $7, but there is also a “slack period” of two to seven business days before the late fee is charged.
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Klarna is a "buy now, pay later" platform which aims to make the shopping process more streamlined. Simply download the app, enter your details and start shopping via the platform. The service offers users a way to pay later for purchases in four interest-free instalments. It also updates users with various deals from their favourite retailers.
The first instalment will be charged once the merchant confirms your order, and the following three will be automatically debited from your account every two weeks. Klarna does not charge fees for its service but may charge late fees if you miss a payment. Any missed payments and subsequent late fees will roll over to the next payment due date.
You can also pay for purchases using Klarna with retailers not yet signed up to the service using its "Ghost Card" feature. A Ghost Card is a virtual Visa card that you can use for up to 24 hours in any retailer accepting Visa payments. Ghost Cards are available up to the value of $1,000. Terms and conditions apply.
Features associated with this buy now, pay later platform include:
To apply for Klarna's interest-free payment processing platform, simply click "Go to site" and visit its website directly. From there you can download the app and submit a short application form to verify your identity. Please remember that in order to use this service:
While you are not limited to using a single buy now, pay later service, it doesn't do any harm to compare your options.