Klarnarama sale: What you need to know about Klarna’s first shopping event
Over 20 popular retailers are involved in the event, which sees customers rewarded every time they shop.
As one of the biggest names currently on the buy now pay later (BNPL) market, Klarna has now launched its own dedicated shopping event to encourage customers to use its service.
From today (Thursday 11 March) until Tuesday 16 March, Aussie shoppers will be rewarded when they check out with Klarna at participating stores.
For every purchase over $60, customers will receive a $20 voucher back for that retailer when they make their second Klarna payment.
The sale spans fashion, beauty, home, tech and travel retailers, giving consumers plenty of opportunity to make the most of the offer.
You can see the list of participating stores below:
- JD Sports
- Sabo Skirt
- Ally Fashion
- Cotton On
- Cotton On Body
- Cotton On Kids
- Rubi Shoes
- MAISON de SABRÉ
- Palmaira Sandals
Home and tech
What is Klarna?
If you're not familiar with Klarna, the BNPL service is similar to that of rival Afterpay. Shoppers can sign up for a free account and check out with the service at participating retailers to split the total cost of their purchase into four, equal instalments.
The first instalment is charged once the merchant confirms the order, while the subsequent three are automatically debited from your nominated account in two week intervals. Provided you pay on time, the service is completely interest-free.
What sets Klarna apart from other BNPL companies though is the ability to use the service at retailers that it isn't already partnered with.
Users may create a One-time card, also known as a "ghost card", which is connected to a nominated personal debit or credit card.
Once your purchase is confirmed by a retailer, Klarna will send an email with your payment schedule and deduct 25% of the total cost from your card.
The three remaining payments will then be automatically collected from your card at two week intervals as per normal.
Image credit: Supplied