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What is Klarna and what are its services
Klarna is Europe’s leading online payments provider with global reach. The company offers a cost-effective and transparent online payment solution that supports millions of consumers and businesses in many countries worldwide. The company’s mission is to facilitate the daily spending of consumers, making it easy and safe. Klarna’s vision is to become the leading global payment provider of choice within e-commerce. Today, like many of the world’s largest financial institutions, Klarna is an industry leader in FinTech, an abbreviation for financial technology. The industry comprises firms whose innovations are creating new ways for people to manage and use payment methods.
Klarna provides flexible payment solutions to stores and consumers that make shopping easier and more convenient. Klarna Pay Later enables consumers to buy goods easily online without the hassle of entering card details or making a high upfront deposit payment.
The money is paid back to the consumer automatically. Klarna’s innovative team delivers fast, simple, and safe transactions. The company has a global reach, with more than 33 million payment transactions in 2016. At present, the company supports over one million merchants across more than 120 countries on six continents.
How does Klarna work and how can you use it
Klarna offers a no-obligation payment solution that supports the future face of e-commerce. Klarna’s payment solution enables merchants to offer consumers the option to pay or receive their order after they have received and inspected it. This removes a number of risks that were previously associated with purchasing online and means that consumers are more willing to pay for online purchases online.
How does Klarna work? [ARTICLE CONTINUES]
When a consumer decides to buy a product or service, their details are entered into the merchant’s website and they are then asked whether they wish to pay with cash or with a credit/debit card. If the consumer chooses to pay with Klarna, they will then be supplied with a link that they can share via social media and email. If a friend or family member purchases the item using this link, the user will get free delivery on their order. If the product was ordered directly by the consumer, they will then be asked to enter their details and confirm the shipping address before Klarna pays for the order.
What are the benefits of using Klarna
Klarna is so easy to integrate into your website and Klarna takes away the risk of non-payment or fraud. You just need to sign up and in a few days you will be ready to accept Klarna payments. Whether you are a new online shop or an experienced e-commerce business, Klarna has a service that is right for you. No matter what your size is, Klarna can offer you a service that is as flexible and as scalable as you need it to be. You are in full control of your finances and you will know exactly how much money you will receive before you ship the goods.
Klarna is a fast, flexible and easy way to accept payments on your website. Orders will be shipped faster than ever and your business will be set up to succeed in today’s competitive market. Klarna can help you grow your business by accepting payments from more customers, more often.
http://klarna.com/us
So without further ado, here are the benefits of Klarna:
1) The Service You Need:
How to pay with Klarna
If a customer uses Klarna at your online store, they will be able to choose one of the following payment options: After payment, the customer will be redirected to the chosen payment method. If the customer is using Klarna as their preferred payment method, they will be charged an additional fee.
As a merchant, you can choose one of the following: When paying through Klarna, you can request that your account be set up as a gift card. In this scenario there will be no fees charged by Klarna on either party’s end and the customer can use the funds in their account to pay for purchases made at your online store.
In Klarna’s terms and conditions, there is a caveat regarding animal or product sales; if you sell animals or products that can be used for consumption, you will not be able to set up shop as a gift card. This is because Klarna does not want to make it possible for the funds to be used for purchases of consumable goods.
Frequently asked questions about Klarna
Klarna is an internet payment provider and does not store the consumer’s credit card details. The payment is sent directly to the merchant from Klarna. Every time a consumer links their bank account to Klarna, their bank sends a regular reserve payment to Klarna where the money can be used for e-commerce payments. This process ensures that consumers will always have the possibility of paying with their real account, with every transaction being covered by their bank’s guarantee. The daily reserve payment is usually handled automatically by the consumer’s bank.
The list of merchants accepting Klarna are: On the Web, Apple Store, Amazon, Groupon, 1stdibs, NewEgg, Nike, The Guardian Bookshop and Ticketmaster.
The payment process is described in the FAQ’s page of Klarna.com
##Klarna can be used for transactions in which the amount exceeds SEK 100 000. This is not the case for example when you buy a car or a house.
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If you are a consumer with any questions that concerns your rights, you can contact the Swedish Consumer Agency: http://www.konsumentverket.se/en_Kontakta-oss/Ansokan-om-hjalp/Kontaktformularer/?content_id=1090 (in Swedish). Klarna is not liable for any consumer cases between the consumer and the seller.
##All the transactions of the merchants supported by Klarna are covered by SEK 100 000. For SEK 0, this is SEK 100 000, for SEK 1,000,000 it is SEK 1 000 000 and for SEK 10 000 000 it is SEK 10 000 000. This means that you can use Klarna for every transaction and never have to pay any fee.
