What is Klarna?
Klarna is a payment service provider that enables you to purchase what you want now and pay for it later. When shopping with KG you can now either choose to pay right away, pay later or pay over time.
How does it work?
1. Fill your shopping cart with your products, and click the check out option
2. Choose Klarna as your preferred payment provider and check out
3. There will also be a soft credit check on application to determine if you are eligible for this payment method. These do not impact your credit file, at application or if a payment is missed or late.
4. Klarna will send you an email confirmation and reminders when it’s time to pay and you can your orders and payments in the Klarna app.
Methods of payment
Pay in 3
Pay in 3 allows you to spread the cost of your purchase into 3 interest-free instalments. The first payment is made at point of purchase, with remaining instalments scheduled automatically every 30 days.
To check your eligibility, Klarna will perform a soft search with a credit reference agency – this will not affect your credit score but failure to pay on time could result in debt collection agencies.
Frequently Asked Questions
How do I manage my account?
You can review your latest Klarna invoices at your leisure by logging onto klarna.com.
Am I eligible/will I be accepted?
You must be at least 18 years old to use Klarna payment services and they’re offered subject to your financial circumstances. Klarna uses a ‘soft credit search’ to assess who is eligible, but don’t worry, this doesn’t affect your credit rating.
When do I have to pay?
You’ll receive an email with payment instructions 2 days after your order is confirmed, depending on your chosen method.
KG acts as an introducer and not a lender of unregulated credit products provided by Klarna Bank AB (publ). Credit is only available to permanent UK residents aged 18+, subject to status, T&Cs apply. Please note Pay in 30 days and Pay in 3 instalments is not regulated by the FCA. Borrowing beyond your means could seriously affect your financial status, ensure you can afford to make your repayments on time by the due date.
Please spend responsibly. Borrowing more than you can afford could seriously affect your financial status. Make sure you can afford your monthly repayments on time.