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What is Klarna and what are its services
Several e-commerce websites, mainly on the Nordic markets, have integrated Klarna into their checkout flow and enabled Klarna as a payment option. This article will describe what klarna is, how Klarna differentiates itself from other payment providers and what services it offers. It will also discuss who does not accept klarna as a payment provider.
In order for the company to do business in any country, it must work with banks in that nation. To understand this further one must have an idea of what is a bank. A bank is a financial institution which manages the funds deposited by its customers and provides loans to them based on their collateral or assets. Klarna is a bank in the sense that it manages funds for its customers.
A little about Klarna
Klarna is a payment service provider which facilitates payment services via the internet and over the phone. Klarna was founded in 2001, but was not fully operational until 2006. It has since become one of the largest payment service providers in terms of transaction volume, where it takes approximately 30% of all transactions in the US. It has over 1.000 employees and it works with more than 10.000 merchants in 14 countries.
How does Klarna work
Klarna is an online payments company, which usually offers two payment options to its customers – ‘Pay Later’ and ‘Online Credit’. ‘Pay Later’ is a way for you to pay for the product or service after the purchase has been made. ‘Online Credit’ is an option where the customer can pay with their credit card at any time, without prior agreement from Klarna.
How does Klarna work?
Pay Later
Klarna offers a Buy Now, Pay Later option. This is ideal if you want the item now, but don’t want to pay immediately. The merchant will continue to ship the product until payment has been made, at which point any shipping costs are reimbursed by Klarna.
If your purchase qualifies for a Cashback or partial refund after 6 months, the merchant will be reimbursed for the shipping costs as well.
Does Klarna take Chime
No, Klarna does not take Chime (as a means to track your credit card) nor do we store any information about you, your account or payments. We never read your credit card number or store any of your information. All payments are made through Klarna Bank, a completely separate entity from Klarna.
https://www.chime.com/faq/how-does-chime-work
http://www.klarna.com/faq/does-klarna-take-chime
“Does Klarna take Chime? No, we don’t.” What a relief that is. The last thing you want to hear when you pay your bills on a credit card is that they’re handing over private financial information to the credit card company.
As a result of this, I have decided to go with Klarna as my preferred payment option.
How to use Klarna for your business
If you are interested in having Klarna integrated on your website, please get in touch with one of our partners. You can contact them by emailing: [email protected] . You may also visit our website for more information.
Klarna is a payment service provider that offers simple, straight forward and effective ways to collect the money you need. Klarna’s business model is based on merchant acquiring customers who want to purchase products and services in the future at fair exchange value which is European-style “purchase installments with repayments.”.
Here are ways how Klarna can benefit your business:
1. Simple and clear checkout process. Payment amounts and dates are presented to customers in a clear and understandable manner. The entire process is simple, quick and easy. It offers a smooth purchasing experience for customers.
The benefits of using Klarna for your business
Klarna believes in offering customers the best possible shopping experience. By accepting Klarna, you can offer your customers a convenient and hassle-free way to pay. This low-risk payment option can have a significant impact on your business.
The benefits of using Klarna for your business
● Payment flexibility
Offer customers the ability to pay over 3, 6 or 12 months with 0% interest. This flexible repayment schedule means that you can avoid costly chargebacks and high fees. Customers also benefit from the convenience of a payment option that fits their budget.
● No risk, no hassle
Klarna’s buyer protection covers all shopping – meaning that if something goes wrong with a sale, it is your customer who has to pay. Other payment providers can require you to reimburse the customer for all or part of any returned item.
● Better conversions
