Klarna & installment plans -
One of the biggest concerns that merchants face is the need they can offer installment plans or payment options to the customers they sell to.
The traditional approach was to take advantage of the flexibility offered by our subscription-based offerings and limit the number of transactions. However, while that still provides tremendous benefits for both the merchant and the buyer however, we thought there should be a better solution.
Enter Klarna!
We are very excited to have the opportunity to provide Klarna as payment option. Klarna is a payment method that can offer any choices for paying:
- Pay Now. This is an instant payment but through the purchaser's Klarna account (similar to how a buyer can make use of Paypal to pay for their purchase).
- Buy now, pay later. The buyer is given their goods now and pays at a later date (e.g. after 30 days).
- Pay in the amount of X. This is a no-interest repayment program that lets the buyer choose to purchase the product in three or four installments.
- Financing. In certain countries, financing can also be an option for the buyer to purchase your item.
The purchase options Klarna offers to the customer depends on your place of residence, which is the seller, as well as the buyer's area of operation.
In the case of example, if you and your customer are based in the US and you are based in the US, Klarna can offer the option of installment plans with four free interest payments.
Or another example, if you are both based in the UK, then they may have the 'Buy Now, Pay later' option that allows the buyer to receive their download links straight away but pays on a later date.
High priced products
An installment plan is perfect for higher-priced products such as coaching or online classes that could easily cost thousands of dollars.
Being able to offer an affordable and solid installment plan opens up your business to a new audience.
Payments
Not only does Klarna offer payment options that boost your marketing reach They also manage everything related to the buyer's payment.
This means you don't have to think about collecting buyer's payment or making sure they follow the installment plan. Klarna takes care of it for you.
As the seller will receive the full payment upon completion of the check-out. Klarna is then in contact with the customer to collect the payment according to the timeframe agreed upon.
A lot more sales and less anxiety! We think that's a win for any seller.
Help
As you've come to expect the help we provide will take you step-by-step through every step, and the process of integrating Klarna through your Stripe account isn't any different:
If you have questions or comments, or simply would like to wish us a Thank You or Happy Holidays we'd like to hear from you!