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Zero-interest payments only apply to Klarna’s basic installment plans. If you’re approved for a greater credit limit, or financing for longer payment periods up to 24 months, you will incur ...
Consumers can use buy now, pay later apps to shop, pay bills for services, buy groceries or finance a trip. If you’re wondering what other apps are similar to Klarna, here are the top six options:
When consumers fall behind on payments, late fees are typically charged by their financiers, and persistently delinquent accounts may be sold to debt collection agencies. [11] In March 2024, NBC News reported that consumers ages 35 and under comprise 53% of “buy now, pay later” users but just 35% of traditional credit card holders. [12]
Affirm Holdings, Inc. is an American technology company that provides financial services for shoppers and merchants. [4] [5] [6] Founded in 2012 by PayPal co-founder Max Levchin, [7] it is the largest U.S. based buy now, pay later lender.
Klarna Bank AB, commonly referred to as Klarna, is a Swedish fintech company that provides online financial services. The company provides payment processing services for the e-commerce industry, managing store claims and customer payments. [4] The company is a "buy now, pay later" service provider. [5]