Klarna, a major buy-now, pay-later provider, is offering a new monthly subscription for its customers for $7.99. The biggest attraction? It eliminates service fees. “The main proposition of Klarna Plus right now is that you don’t pay any service fees,” Klarna Chief Marketing Officer David Sandstrom said in a statement. “So if you love Klarna and if you love shopping at Target and Walmart, it makes a ton of sense financially.”
Designed for people who use Klarna regularly, the subscription also comes with two other benefits that aren’t available to non-subscribers: It doubles rewards points on purchases and it provides discounts of up to $30 on purchases with certain partner brands. The service fees that Klarna is referring to are charged when customers use Klarna’s “One Time Card,” which functions as a credit-card equivalent when users want to buy something at a retailer that doesn’t offer Klarna payment. Using the “One Time Card” allows customers to divide their purchases into four installments; they pay the service fee with the first installment. The fee is $1 for orders under $100, and $2 for orders over $100, a Klarna spokesperson told MarketWatch in an email. Klarna users don’t pay the service fee when they use Klarna’s most popular “Pay in 4” product, which allo …
Article Attribution | Read More at Article Source
Designed for people who use Klarna regularly, the subscription also comes with two other benefits that aren’t available to non-subscribers: It doubles rewards points on purchases and it provides discounts of up to $30 on purchases with certain partner brands. The service fees that Klarna is referring to are charged when customers use Klarna’s “One Time Card,” which functions as a credit-card equivalent when users want to buy something at a retailer that doesn’t offer Klarna payment. Using the “One Time Card” allows customers to divide their purchases into four installments; they pay the service fee with the first installment. The fee is $1 for orders under $100, and $2 for orders over $100, a Klarna spokesperson told MarketWatch in an email. Klarna users don’t pay the service fee when they use Klarna’s most popular “Pay in 4” product, which allo …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]