Klarna & installment plans -
One of the biggest concerns that merchants face is the need to offer installment or payment plans to the customers they sell to.
In the past, the solution is to utilize the flexibility offered by our subscription-based services and reduce the amount of payment options. However, while that still offers amazing benefits to both the seller and buyer however, we thought there should be an alternative.
Enter Klarna!
We're very pleased to be able to offer Klarna as payment option. Klarna is a payment method that can offer one or more choices for paying:
- Pay now. It's a quick payment but through the purchaser's Klarna account (similar as how buyers could make use of Paypal to pay for their purchase).
- Purchase now, pay later. It is when the customer receives their product now but pays at a later date (e.g. in thirty days).
- Pay with X. It is a zero-interest payment option that allows the purchaser to choose to purchase the item in 3 or 4 installments.
- Financing. In some countries, financing can also be a possibility for customers to purchase your item.
The purchase options Klarna presents to the purchaser is contingent on both your location, as the retailer, as well as the purchaser's location.
For example, if both of you are based in the US or Canada, Klarna offers an installment plan with 4 free interest payments.
If, for instance, you're both located in the UK, then they may offer a 'Buy now, pay later' choice that allows the buyer to receive their download links straight away however they pay at a later date.
High priced products
An installment plan is perfect to purchase expensive products like coaching or online classes that could easily cost hundreds of dollars.
Being able to offer an affordable and solid installment plan allows you to open your products to a whole new customer base.
Payments
In addition, Klarna have payment options to boost your marketing reach They also manage every aspect of the buyer's payment.
This means you don't have to be concerned about collecting payments from the buyers or even ensuring that they meet the installment plan. Klarna takes care of it for you.
As the seller, receive payment in full immediately on completion of the checkout. Klarna will then contact the purchaser to collect payment on the agreed schedule.
More sales and less worry! We think that's a win for all sellers.
Help
Like you've come to anticipate from us, our articles on help provide step-by-step instructions for any process, and integrating Klarna into your Stripe account is no different:
If you've got any concerns or feedback, or want to say happy Holidays We'd love to be in touch!