Klarna is also aimed at online merchants who are struggling to get shoppers to close a purchase after putting a product in their shopping cart. The industry-wide cart break rate is about 70% of orders. Shoppers often leave their carts because they don`t want to deal with the effort of creating an account or because the checkout process is too complicated. Klarna helps to reduce this payment friction. It also seems that you are not able to discuss the same purchase in a certain amount of time – no criticism, just an observation. This could be problematic if you had a real problem with one of your purchases on Klarna, but fortunately, I asked an unrelated question and was not pressed for help. In the background, Klarna carries out quick credit checks through its credit service provider TransUnion. According to Klarna, each customer is subject to a quick credit check to ensure that they do not enter into an agreement with which they are late. When making BNPL purchases, it`s not easy to keep an overview of when you need to make payments, especially if you`ve chosen to “cut” the payment over several months. Overall, I think Claire is a useful platform for those who want to have a simple and easy-to-access payment plan for large purchases, but I don`t think it`s necessarily worth the burden or impact on your credit for small daily purchases. Klarna believes retailers are willing to pay these fees because their services help increase revenue. It is estimated that consumers` ability to pay in increments increases their average order value by 45%. Consumers who use the 30-day payment option have a 20% higher purchase frequency.
If you have registered through a partner or through a one-time integration with the Klarna sales team, please keep a copy of your agreement for future reference or contact Klarna Merchant Support via an administrator email address. In this case, you can get help from an experienced advisor, for example, from a citizens` advice office.. . .