Klarna & installment plans -
The most frequent queries that sellers face is on how to offer installment or payment plans to their buyers.
In the past, the solution is to utilize the flexibility of our subscription-based services and reduce the amount of transactions. While this gives tremendous advantages to the merchant and the buyer, we felt there was an easier solution.
Enter Klarna!
We're very pleased we can offer Klarna as payment option. Klarna is a payment method that can offer any choices for paying:
- Pay now. It's a quick payment but through the buyer's Klarna account (similar to how a buyer could pay with PayPal to pay to purchase).
- Purchase now, pay later. The buyer receives their product now but is able to pay at a later time (e.g. after thirty days).
- Pay in the amount of X. It is a zero-interest payment program that lets the buyer opt to pay for the item in 3 or four installments.
- Financing. In certain nations, financing may be an option for customers to purchase your item.
The options for purchasing Klarna offers to the customer is contingent on both your place of residence, which is the merchant, and the buyer's area of operation.
In the case of example, if both of you are located in the US or Canada, Klarna can offer an installment plan that includes 4 free interest payments.
Another example is if you both reside in the UK or the United Kingdom, you may have an 'Buy now and pay later' option that allows the buyer to receive their download links immediately, but pays at a later date.
High priced products
An installment plan is perfect to purchase expensive products like online coaching courses or other coaching services which can easily become several hundred dollars.
Offering an affordable and solid installment plan allows you to open your products to a whole new customer base.
Payments
In addition, Klarna provide payment options to increase your market reach They also manage every aspect of the buyer's payment.
This means you don't have to be concerned about collecting payments from the buyers or even ensuring that they meet the installment plan. Klarna takes care of it for you.
As the seller, receive payment in full upon completion of the payment. Klarna is then in contact with the buyer to collect payments on the agreed schedule.
Increased sales, less stress! We think that's a win for any seller.
Support
What you've come accustomed to, our help articles take you step-by-step through every step, and the process of integrating Klarna into your Stripe account is no different:
If you have any questions or comments, or simply need to say Happy Holidays We'd love to get in touch with you!