top of page
  • robbie4036

Klarna Alternative: Top Payment Options for Online Shopping

As online shopping continues to grow in popularity, so does the demand for alternative payment methods. Klarna, a Swedish payment provider, has become a popular choice for shoppers looking to split their payments into installments. However, some shoppers may be looking for alternatives to Klarna for various reasons, such as wanting to avoid interest fees or looking for a wider range of payment options.


Fortunately, there are several Klarna alternatives available for shoppers to choose from. Some of the most popular options include Sezzle, PayPal Credit, Affirm, and Afterpay. These services allow shoppers to split their payments into installments, often with little to no interest fees. Additionally, many of these services offer a wider range of payment options, such as allowing shoppers to pay with debit cards or bank transfers.


Quick List: Best Klarna Alternatives

Here are the top 11 best Klarna Alternatives for 2024:

  1. Afterpay

  2. Sezzle

  3. Zip (Quadpay)

  4. Splitit

  5. Affirm

  6. Laybuy

  7. PayPal

  8. Zip

  9. GoCardless

  10. ViaBill

  11. FuturePay


Top Klarna Alternatives & Competitors 2024

Klarna is a popular payment platform that allows shoppers to buy now and pay later. However, there are several alternatives to Klarna that offer similar services and may be better suited for different needs. Here are some of the top Klarna alternatives in 2024:


Afterpay

Afterpay is a popular buy now, pay later app that allows customers to split their purchases into four interest-free payments. The app charges no interest or fees as long as customers make their payments on time. Afterpay is a solid alternative to Klarna, especially for those who want to avoid interest charges.


One of the advantages of Afterpay is that it's widely accepted by many retailers, including major brands like Nike, Urban Outfitters, and Anthropologie. The app is also very easy to use. Customers simply select Afterpay as their payment method at checkout and then pay the first installment upfront. The remaining three payments are then automatically deducted from the customer's account every two weeks.


Another advantage of Afterpay is that it offers a "pay in 30 days" option, which allows customers to delay their payment for up to 30 days. This option is particularly useful for customers who need to make an urgent purchase but don't have the funds available at the time of purchase.

Overall, Afterpay is a great alternative to Klarna for customers who want to avoid interest charges and fees. The app is widely accepted by many retailers and is very easy to use. Customers who use Afterpay need to make sure they can make their payments on time to avoid late fees.


Sezzle

Sezzle is a popular Klarna alternative that allows customers to buy now and pay later with interest-free installment plans. Sezzle is available in the United States, Canada, and Australia. The platform offers a simple and easy-to-use interface that allows customers to split their purchases into four interest-free payments.


One of the benefits of using Sezzle is that customers can enjoy interest-free payments without having to worry about late fees. Sezzle also offers a referral program that rewards customers for referring their friends and family to the platform.

Sezzle has a 4.7 out of 5 rating on G2 and is considered to be more expensive than Klarna. However, reviewers say that Sezzle is better at support and more usable than Klarna.


Here are some of the key features of Sezzle:

  • Interest-free installment plans

  • No late fees

  • Referral program

  • Simple and easy-to-use interface

Overall, Sezzle is a great alternative to Klarna for customers who want to buy now and pay later without having to worry about interest or late fees.


Zip (Quadpay)

Zip, formerly known as Quadpay, is a buy now, pay later platform for consumers. Buyers can use the Zip mobile app to break a purchase up into four equal payments over six weeks. This payment option is interest-free, and there are no hidden fees or charges.


Zip is a popular alternative to Klarna, and it has a similar user experience. The app is easy to use, and customers can make purchases at thousands of online stores. The app also offers a virtual card that can be used for online purchases.

One of the benefits of using Zip is that customers can buy items they need without having to pay the full amount upfront. This can be helpful for people who need to make a large purchase but don't have the funds to do so at the moment.


Another advantage of Zip is that it does not require a credit check. This means that people with no credit or poor credit can still use the app to make purchases. However, Zip does require users to have a valid debit or credit card.

Overall, Zip is a great alternative to Klarna for people who want to make purchases now and pay later. The app is easy to use, and it offers interest-free payments with no hidden fees.


Splitit

Splitit is a buy now, pay later platform that allows customers to split purchases into interest-free monthly payments using their existing credit card. Splitit is a great alternative to Klarna for those who prefer short payment loans.


One of the advantages of Splitit is that it allows customers to purchase items and then pay for them in multiple installments without any fees or interest. This is a great option for those who want to avoid interest charges and don't want to pay extra fees for using a buy now, pay later platform.

Another advantage of Splitit is that it is accepted by over 1,000 merchants worldwide, including some of the biggest names in retail such as Macy's, Adidas, and Samsung. This makes it easy for customers to use Splitit to purchase items from their favorite stores without having to worry about whether or not the platform is accepted.


Splitit is also a great option for those who want to keep their credit card information secure. Unlike other buy now, pay later platforms, Splitit does not require customers to create a new account or share their credit card information with a third-party provider. Instead, customers can use their existing credit card to make purchases, which means that their credit card information remains secure.


Overall, Splitit is a great alternative to Klarna for those who want to avoid interest charges and fees, and who want to keep their credit card information secure. With its easy-to-use interface, wide range of merchant partners, and commitment to security, Splitit is a great option for anyone looking for a buy now, pay later platform.


Affirm

Affirm is a popular alternative to Klarna that offers instant financing for online purchases. Affirm allows customers to finance their purchases without fees of any kind, including late fees. Even some large purchases qualify, all the way up to $17,500.


With Affirm, customers can choose to pay off their purchase over 3, 6, or 12 months, with varying interest rates. Affirm only has two options: either you split your payment into four installments, with the first one due right away, or you apply for a loan that you can pay over 6-12 months.

Affirm is available at a wide range of online retailers, including major brands like Adidas, ASOS, and Forever 21. Customers can easily create an account and apply for financing during the checkout process.


Overall, Affirm is a great option for customers who want to finance their purchases without fees and with flexible payment options.


Laybuy

Laybuy is a popular buy now, pay later app that allows users to split their purchases into six weekly payments. This app is a great alternative to Klarna as it offers a similar service but with slightly different payment options.


One of the key features of Laybuy is that it does not require a credit check, making it accessible to a wider range of users. Instead, Laybuy uses a proprietary algorithm to determine a user's creditworthiness based on their purchase history and other factors.

Another advantage of Laybuy is that it offers a fixed payment plan, which can help users budget their purchases more effectively. Unlike Klarna, which offers a range of payment options, Laybuy requires users to pay their balance in six equal installments.


Overall, Laybuy is a solid alternative to Klarna for users who are looking for a straightforward buy now, pay later service. While it may not offer as many payment options as Klarna, its fixed payment plan and lack of credit check make it an attractive option for many users.

Pros

Cons

No credit check required

Only offers fixed payment plan

Easy to use

Limited payment options

Budget-friendly

Only available in select countries

PayPal

PayPal is a widely used online payment platform that offers a range of services, including a "Pay in 4" option that allows customers to split their purchase into four interest-free payments. This feature is similar to Klarna's "Pay in 4" option, making PayPal a viable alternative for those looking for a similar payment plan.


In addition to "Pay in 4," PayPal also offers a "PayPal Credit" option, which allows customers to make purchases and pay them off over time with interest. This option is similar to Klarna's "Financing" option, making PayPal a good alternative for those looking for a more traditional financing option.


One advantage of using PayPal as an alternative to Klarna is that it is widely accepted by online retailers. This means that customers can use PayPal to make purchases from a variety of different merchants, rather than being limited to those who offer Klarna as a payment option.

Another advantage of using PayPal is that it offers buyer protection, which can give customers peace of mind when making purchases online. If a customer does not receive their item or it is significantly different from the description, PayPal will reimburse the customer for the full purchase price and shipping costs.


Overall, PayPal is a solid alternative to Klarna for those looking for a flexible payment plan or traditional financing option. Its wide acceptance and buyer protection make it a popular choice among online shoppers.


Zip

Zip is a popular buy-now-pay-later service that allows customers to split their purchases into four interest-free payments over six weeks. It is an excellent alternative to Klarna, especially for those who want to avoid interest charges and late fees.


Zip offers a simple and straightforward payment process, making it easy for customers to manage their payments. Customers can sign up for Zip in just a few minutes and start using it immediately.

Zip is available at a wide range of merchants, including fashion retailers, tech stores, and home goods retailers. Customers can use Zip to purchase items ranging from clothing and accessories to electronics and appliances.


One of the benefits of using Zip is that it offers a credit limit of up to $1,000, which can be increased over time based on the customer's payment history. This can be helpful for customers who need to make larger purchases but don't have the cash on hand to do so.

Overall, Zip is an excellent alternative to Klarna for customers who want a simple and straightforward buy-now-pay-later service that offers interest-free payments and a wide range of merchants.


GoCardless

GoCardless is a payment platform that allows businesses to collect payments directly from customers' bank accounts. It is a great alternative to Klarna for businesses that are looking for a more secure and reliable payment option.


One of the main advantages of GoCardless is that it supports Bacs and SEPA payments, which makes it an ideal solution for businesses that operate across Europe. GoCardless also offers a simple and transparent pricing structure, with no hidden fees or charges.

Another benefit of using GoCardless is that it integrates with a wide range of accounting and invoicing software, including Xero, QuickBooks, and Sage. This makes it easy for businesses to manage their finances and reconcile payments.


GoCardless has a strong reputation for security and compliance, with robust measures in place to protect against fraud and data breaches. The platform is fully PCI compliant, and all data is encrypted using the latest security protocols.

Overall, GoCardless is a reliable and cost-effective alternative to Klarna, offering businesses a simple and secure way to collect payments from customers. With its flexible payment options, easy integration, and strong security features, GoCardless is a great choice for businesses of all sizes.


ViaBill

ViaBill is a Klarna alternative that allows customers to split their payments into four parts. It also has a discount-finding feature that helps customers save money on their purchases. Payments are spread out over four months, but customers can pay them earlier if they want. ViaBill doesn't run any credit checks, but it does require some personal information like email address, phone number, and credit card details.


ViaBill is a good option for customers who want to spread out their payments over a longer period of time but don't want to pay interest. The service is available on a wide range of online stores, including fashion, electronics, and home goods. ViaBill is also easy to use, and customers can sign up and start using the service in just a few minutes.

One of the benefits of using ViaBill is that customers don't have to worry about late fees or penalties. If a payment is missed, the customer will simply be charged a $10 fee. This fee is much lower than the fees charged by other buy-now-pay-later services, making ViaBill a more affordable option.


Overall, ViaBill is a great alternative to Klarna for customers who want to spread out their payments over a longer period of time without paying interest. It's easy to use, offers a discount-finding feature, and has lower fees than other services.


FuturePay

FuturePay is a buy now, pay later service that allows customers to make purchases and pay for them later in installments. The service is available to customers in the United States and Canada. FuturePay offers a simple and straightforward payment process that allows customers to complete their purchases quickly and easily.


One of the benefits of using FuturePay is that customers can make purchases without the need for a credit card. Instead, they can link their FuturePay account to their bank account, which makes the payment process more convenient. Additionally, FuturePay offers a flexible payment schedule that allows customers to choose the payment plan that works best for them.


FuturePay charges interest on purchases, but the interest rate is competitive with other buy now, pay later services. Customers can view their payment schedule and interest charges on their FuturePay account dashboard. The service also offers a customer support team that is available to answer any questions or concerns that customers may have.

Overall, FuturePay is a reliable and convenient buy now, pay later service that offers customers a flexible payment schedule and competitive interest rates.


How Does Klarna Work?

Klarna is a buy now, pay later service that allows customers to make purchases and pay for them in installments. Klarna offers various payment options, including Pay in 4, which allows customers to pay for their purchase in four equal installments over six weeks, and Financing, which allows customers to pay for their purchase over a longer period of time.


To use Klarna, customers simply select Klarna as their payment method at checkout. They will then be prompted to provide some basic information, such as their name, address, and date of birth. Klarna will then perform a soft credit check to determine whether the customer is eligible for financing.

If the customer is approved, they will be able to complete their purchase and pay for it in installments. Klarna will automatically charge the customer's debit or credit card on the due date for each installment.


One of the benefits of using Klarna is that there are no fees or interest charges for Pay in 4. However, customers who use Financing will be charged interest based on the length of the repayment period.

Overall, Klarna is a convenient payment option that allows customers to make purchases and pay for them in installments.


The Pros and Cons of Buy Now, Pay Later Apps

Buy now, pay later (BNPL) apps like Klarna have become increasingly popular in recent years, offering consumers the ability to make purchases without having to pay the full amount upfront. While these apps can be convenient and helpful in certain situations, there are also some potential drawbacks to consider.


Pros

  • Convenience: BNPL apps make it easy to make purchases without having to pay the full amount upfront. This can be especially helpful for people who need to make a large purchase but don't have the funds available at the time.

  • Flexibility: Many BNPL apps offer flexible payment options, allowing consumers to pay over time rather than having to come up with the full amount at once.

  • No interest: Some BNPL apps, like Klarna, offer interest-free financing options, which can be a great way to make a purchase without having to pay extra in interest charges.


Cons

  • High fees: Some BNPL apps charge high fees for their services, which can add up quickly and make the purchase more expensive in the long run.

  • Temptation to overspend: BNPL apps can make it easy to overspend, since consumers may be more likely to make purchases they can't afford if they think they can pay for them over time.

  • Impact on credit score: Some BNPL apps may report missed or late payments to credit bureaus, which can negatively impact a consumer's credit score.


Overall, BNPL apps like Klarna can be a helpful tool for consumers who need to make a purchase but don't have the funds available upfront. However, it's important to weigh the pros and cons and make an informed decision before using these services.


Comparing Klarna and Its Competitors

Klarna is a popular buy now, pay later (BNPL) app that allows users to make purchases and pay for them in installments. However, there are several other BNPL apps available that offer similar services. In this section, we will compare Klarna with its competitors in terms of interest rates and fees, payment terms and conditions, and user experience and accessibility.


Interest Rates and Fees

One of the most important factors to consider when choosing a BNPL app is the interest rates and fees. Klarna charges interest rates ranging from 0% to 29.99%, depending on the user's credit score. Late payment fees are also charged, which can vary depending on the amount of the purchase and the number of days late. However, Klarna does not charge any hidden fees.

PayPal Credit is another popular BNPL app that charges interest rates ranging from 0% to 29.99%. Late payment fees are also charged, and there are no hidden fees.

Affirm is a BNPL app that offers interest rates ranging from 0% to 30%. Late payment fees are charged, and there are no hidden fees.


Payment Terms and Conditions

Another important factor to consider when choosing a BNPL app is the payment terms and conditions. Klarna allows users to make purchases and pay for them in 4 interest-free installments or over a period of up to 36 months with interest. Users can also choose to pay in full at any time without any penalties.

PayPal Credit allows users to make purchases and pay for them over a period of up to 6 months with interest. Users can also choose to pay in full at any time without any penalties.

Affirm allows users to make purchases and pay for them over a period of up to 36 months with interest. Users can also choose to pay in full at any time without any penalties.


User Experience and Accessibility

Finally, it is important to consider the user experience and accessibility of a BNPL app. Klarna offers a user-friendly mobile app that is available for both Android and iPhone users. The app can be downloaded from the App Store or Google Play. Users can easily manage their purchases, view payment schedules, and make payments through the app.


PayPal Credit also offers a mobile app that is available for both Android and iPhone users. The app can be downloaded from the App Store or Google Play. Users can easily manage their purchases, view payment schedules, and make payments through the app.

Affirm offers a user-friendly mobile app that is available for both Android and iPhone users. The app can be downloaded from the App Store or Google Play. Users can easily manage their purchases, view payment schedules, and make payments through the app.


In conclusion, when comparing Klarna with its competitors, it is clear that each app has its own unique features and benefits. Users should consider their individual needs and preferences when choosing a BNPL app.


Global Reach and Accessibility

Klarna's international reach and multi-faceted capabilities make it a popular choice for online shoppers. The company's dedication to providing diverse payment options caters to a global audience, making it accessible to customers in different countries.


BNPL Services Across Countries

Klarna is accepted in over 20 countries, including the United States, the United Kingdom, Germany, and Australia. This global reach allows customers to use Klarna at a variety of retailers across different regions. The company's expansion into new markets has helped it to become a major player in the Buy Now Pay Later (BNPL) industry.


Market Penetration and Growth

Klarna has been growing rapidly in recent years, with its revenue peaking at $1.6 billion from more than $80 billion in transaction volume in 2021. The company's continuous expansion has helped it to increase market penetration and become a leading BNPL service provider. Recently, Klarna reported raising $800 million in fresh funding from investors at a $6.7 billion valuation, indicating investor confidence in the company's growth potential.


Klarna's global reach and accessibility, coupled with its strong market penetration and growth, make it a popular choice for customers looking for flexible payment options. However, there are several Klarna alternatives available in the market that offer similar services, such as Afterpay, Sezzle, and PayPal Credit. Customers should consider their individual needs and preferences when choosing a BNPL service provider.


Security and Customer Support

Protecting Consumer Data

When it comes to financial transactions, security is a top priority. Consumers want to be sure that their personal and financial information is protected. Klarna has a reputation for being a secure platform, but there are also alternative options that take security seriously.

One such alternative is Sezzle. Sezzle uses bank-level encryption to protect customer information and has a team of security experts dedicated to keeping the platform secure. Another option is Afterpay, which also employs encryption and regularly monitors for suspicious activity.


Support for Payment Issues

Customer support is another important factor to consider when choosing a payment platform. If something goes wrong with a payment or a customer has a question, they want to be able to easily and quickly get in touch with support.


Klarna offers customer support through phone, email, and chat. However, there have been some complaints about long wait times and difficulty getting in touch with a representative. Sezzle also offers phone and email support, but they also have a comprehensive FAQ section on their website that can help customers troubleshoot issues on their own. Afterpay offers support through email and chat, and they also have a helpful support center on their website.


Overall, there are several payment platforms that prioritize security and customer support. Consumers should do their research and choose a platform that they feel comfortable with and that meets their specific needs.


Conclusion

In conclusion, there are several alternatives to Klarna that offer similar services with different features, fees, and pros and cons. The choice of the alternative depends on the user's preferences, needs, and financial situation.

After analyzing the search results, the following alternatives stand out:

  • Affirm: It is a popular alternative to Klarna that offers instant financing for online purchases with flexible repayment options without interest or fees. It is available at a wide range of online retailers, including major brands like Adidas, ASOS, and Forever 21.

  • Afterpay: It is another popular payment app that allows consumers to make purchases and pay for them in installments with interest-free installment payments and flexible repayment options. It is available at a wide range of online retailers, including major brands like Nike, Sephora, and Urban Outfitters.

  • Sezzle: It is a payment platform that allows consumers to split their purchases into four interest-free payments with no impact on credit. It is available at a wide range of online retailers, including major brands like Levi's, Steve Madden, and Tarte.

  • Quadpay: It is a payment platform that allows consumers to split their purchases into four interest-free payments with no impact on credit. It is available at a wide range of online and offline retailers, including major brands like Amazon, Apple, and Walmart.

  • PayPal Credit: It is a line of credit that allows consumers to pay for their purchases over time with no interest if paid in full within six months. It is available at a wide range of online and offline retailers, including major brands like Best Buy, eBay, and Target.

Overall, each alternative has its own strengths and weaknesses. It is recommended that users compare and contrast them to make an informed decision based on their own preferences and needs.


Frequently Asked Questions

What are the top competitors to Klarna in the buy now, pay later market?

Klarna is a popular buy now, pay later app, but there are several other options available. Some of the top competitors to Klarna include Affirm, Afterpay, Sezzle, Splitit, PayPal Pay 4, Zip, and Zebit. Each of these apps offers similar services, but they may have different terms and fees.

Which pay later apps offer services without requiring a credit check?

Sezzle is a pay later app that offers services without requiring a credit check. This app allows users to split their purchase into four interest-free payments over six weeks. Sezzle also offers a virtual card feature that allows users to make purchases online or in-store.

Can you recommend online stores that provide their own payment plans?

Many online stores offer their own payment plans, including Amazon, Walmart, and Best Buy. These payment plans may offer different terms and fees, so it's important to read the fine print before signing up.

What are some alternatives to Klarna that are available for use on Amazon?

Amazon offers its own buy now, pay later service called Amazon Pay Later. This service allows users to split their purchase into smaller, interest-free payments over time. Other alternatives to Klarna on Amazon include Affirm and Afterpay.

How does Sezzle differ from Klarna in terms of service and offerings?

Sezzle and Klarna both offer buy now, pay later services, but they have different terms and fees. Sezzle allows users to split their purchase into four interest-free payments over six weeks, while Klarna offers longer payment plans with interest and fees. Sezzle also offers a virtual card feature that allows users to make purchases online or in-store.

Is Affirm considered a better option than Klarna for certain purchases?

Affirm and Klarna both offer buy now, pay later services, but they may be better suited for different types of purchases. Affirm is a good option for larger purchases, as it offers longer payment plans with lower interest rates. Klarna may be a better option for smaller purchases, as it offers shorter payment plans with higher interest rates. Ultimately, the best option will depend on the user's specific needs and financial situation.

13 views0 comments

Recent Posts

See All

Zendesk Alternatives for 2024

Businesses that prioritize customer satisfaction know the importance of providing excellent customer support. Zendesk is a popular customer support software that has been around for a while. However,

Comments


bottom of page