Analysis

July 13, 2021

Klarna: everything you need to know before you use it

Klarna is taking the world by storm, allowing online shoppers to pay later at no extra cost. But how does it work? And are there risks?


Credit: Klarna

Klarna is a 'buy now, pay later' (BNPL) service that allows online shoppers to pay for products later in the month or in instalments at no extra cost. It means, in effect, that Klarna buys your clothes or other items for you. You then pay Klarna back at a later date if you want to keep them.

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