Pay in 4
How many payments is an order split into?
4!
How many times can a One Time Card be used?
Once!
When do customers receive their monthly statement?
Around the 2nd of each month.
How many monthly payments are Term Loan orders?
6, 12, or 24 months
How many payments are Klarna Card orders split into?
4 equal payments!
How often does the customer pay on these orders?
Every 2 weeks
Where can a OTC be used?
Any non-partnered store
Is financing the same as a credit card?
Yes and no! It is a line of credit that works similar to a credit card without the physical card.
Does the customer get their full payment schedule at the time of purchase?
Yes!
Where is the Klarna Browser Extension available?
Google Chrome
How much interest is added to Pi4 orders?
None
How much interest is added to One Time Card Orders?
How much interest is added to financing orders?
The standard APR is 19.99%, but the customer can receive a promotional offer!
How much interest is added to Term Loan orders?
Annual percentage rates range from 0% to 24.00%
What is Klarna Open Banking used for?
It is a credit assessment used to better determine the customers approval rate.
Do all stores offer Pay in 4?
No, only partnered merchants.
Is a One Time Card the same as a Klarna Card?
No, they are different!
When are payments due?
The 26th of each month.
Is a down payment required for Term Loans?
Maybe! If their purchase amount is higher than the customers Purchase Power a down payment may be needed.
Can One Time Cards be created through the Klarna Browser Extension?
Yes!
Do Pi4 orders affect the customer's credit score?
There can be a soft check done which does not affect their score!
What kind of orders can OTC's be used with?
Pay in 4 or Term Loan
Can financing be used at any store?
Tailored financing is available at participating stores.
When are payments due?
The same day each month, starting one month after the order has been captured.
Are Klarna Card orders paid individually?
No, a customer receives a statement every 2 weeks with the total of all their Klarna Card orders.