How to Use Klarna to Grow Your Online Store

Klarna is a popular payment option that gives shoppers more flexibility by allowing them to buy something but choose how and when they pay off the full cost. It's great for shoppers on a budget and anyone purchasing high-value items. The business gets the full payment immediately while giving customers more control over their budgeting.

It's a win-win. Customers might choose to buy something or buy more items when they can use buy now, pay later, and your store conversion rate can improve by as much as 30%. Klarna is available to Squarespace users with Squarespace Payments.

Learn more about alternative payment methods

How does Klarna work?

When a shopper checks out with Klarna, they can choose whether they want to pay in installments, defer the payment for up to 30 days, or finance their order over a longer period of time.

• Klarna Pay in 4: Customers can split their purchase into four interest-free payments billed every two weeks. There's no interest or extra fees-the price of the product is simply divided into four equal installments.

• Klarna Pay later: Customers pay for their purchases within 30 days of the transaction.

• Klarna pay now: Customers pay for the purchase immediately using a linked card, bank debit, or bank transfer.

• Klarna financing: Klarna also offers the option to spread the cost over a period of time, which can extend up to 36 months, depending on the purchase size and customer preference.

Klarna has a lot to offer businesses too. the added flexibility for customers means increased conversion rates and higher average order values. When a shopper checks out with Klarna, you get the full payment right away, and Klarna handles collecting the purchase amount from the customer, including any future installment payments if necessary.