Wayfair latest partner to offer 'pay later' service with Klarna

By Amber Donovan-Stevens
Wayfair is the latest edition to Klarna’s portfolio of clients that can now offer the bank's ‘pay later' service. Under the new partnership, custom...

Wayfair is the latest edition to Klarna’s portfolio of clients that can now offer the bank's ‘pay later' service.

Under the new partnership, customers using Wayfair.co.uk and Wayfair.de can now use Klarna to pay for products from one of the largest homeware retailers in the world.

Under the new service, Wayfair customers have three new additional payment options: 

  • Purchase now and pay 30 days later

  • Buy now and spread the cost across three monthly payments

  • Buy now and spread the cost for up to four years

Luke Griffiths, General Manager at Klarna UK, commented on the partnership: “Seamless isn’t just for soft furnishings, it’s how our payments experience is designed to work for consumers and retailers. We know that 50,000 new Klarna customers are choosing ‘Pay later’ at checkout each week, while 70% of Klarna customers make repeat transactions throughout the year. By partnering with Wayfair, we’re able to create an experience that heightens customer loyalty, helping them continue their impressive global growth and demonstrating the wider value of our payment products to retailers across all markets.”

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Bernie Miles, Head of Engineering at Wayfair Europe added: “Adopting a flexible approach to payments is just one of the many ways we are delivering an exceptional experience and making it easier for our customers to shop online for their home. 

“Our existing partnership with Klarna for Wayfair.de has added so much convenience and accessibility for our shoppers, so we are delighted to bring its flexible payments offering to Wayfair.co.uk. When it comes to building the best platform in shopping online for home, Klarna is one of our valued partners. We’re excited to continue expanding this partnership and build on our continued success in Europe.”

Klarna has built an impressive list of partners across the globe and it is sure to continue to expand

For more information on all topics for FinTech, please take a look at the latest edition of FinTech Magazine.

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[Images: Klarna]

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