Klarna, the buy now pay later service, is now available with Stripe for B2C merchants and e-commerce businesses, helping you to increase conversions and grow your businesses.
A New Way to Pay with Klarna
Klarna allows customers to buy now and pay later, giving more flexibility at checkout. Customers can pay over time, rather than paying the full amount upfront, splitting their purchases between three or four interest-free payments to be paid every two weeks, or paying within 30 days of placing their order. Alternatively, buyers can decide to pay over time with financing, to spread the cost over smaller monthly payments. To pay via financing, customers have to apply via a form for an approved decision, which upon approval, allows them to choose to pay over 6-36 months depending on how much they prefer to pay over time.
European customers with Klarna can also choose to pay now, ideal for a speedy checkout.
As a business, you get paid upfront and in full when the order is completed on your website.
Why Use Klarna?
Reach More Customers
Klarna boasts having nearly 100 million active customers, with 2 million transactions taking place through Klarna every day. Klarna can direct customers to your brand through their marketing solutions, such as sponsored content and CRM campaigns, allowing you to utilise this customer base to introduce your brand to new customers.
Additionally, you can make use of Klarna branding assets to let customers know that you accept payments with Klarna.
Increase Order Value
By giving customers an additional way to pay, allowing them to buy now and pay later, customers are more likely to spend more with you, increasing average order values.
No Risk
Payouts are made to you by Klarna, between 2-5 days after purchase, meaning you are protected from credit risk, acting as an additional barrier from fraud.
Additionally, customers are covered by Klarna Buyer Protection, giving them another reason to buy with you.
Easy to Set Up
Klarna is supported with Stripe’s API, making it easy to deploy. You can add Klarna to your Stripe integration with a click of a button!
Why Use Stripe
Stripe is an online payment processing platform, giving customers and clients a secure and easy way to pay via credit card or debit card. The platform gives you an easy way to view your revenue and be protected from fraud. With over 135 global currencies, Stripe supports you in increasing conversions in every country, accepting major payment methods including Mastercard and Visa, in addition to Apple Pay and Google Pay.
What’s more, you can use Stripe checkout to create a full payment page which dynamically adapts to a user’s device, supports coupons, tax rates, and more, giving you the ability to share links with customers quickly and easily, to create a seamless shopping experience.
As developers with many years of experience integrating with various third parties, including a number of payment processing platforms, we appreciate the powerful and flexible payment facilities that Stripe enables us to quickly deploy for our customers. These include deferred payments, recurring payments for subscription-based business models, securely saving card details to encourage repeat payments and more.
The reliability of the Stripe platform is also among the best we’ve worked with; we won’t tolerate any risk of you losing out on a vital order because a payment facility is offline, so Stripe aligns with our own reliability targets for all the systems we build.
Ballyhoo and Stripe
To us, Stripe is invaluable. We use a Stripe integration with our own accounting system, making it easier for our clients to conveniently make payments for invoices in a secure environment and removing the need for us to handle or access payment data over the phone.
Additionally, as a sustainability-focused agency, we value Stripe Climate – a program that allows us to donate a percentage of our revenue to help tackle climate change. We currently contribute 1% of all income received through Stripe to Stripe Climate.
How We Can Help
If you’re a Ballyhoo client that has not yet added Klarna to Stripe, but would like to, please drop us a support email.
If you are interested in having an e-commerce website created for your brand, call us on 0121 295 5352 or email us at [email protected] to discuss your requirements and how we can create a bespoke website to help your business grow and succeed.
