Etsy to implement Klarna's BNPL solution in US

Thursday 22 October 2020 12:12 CET | News

US-based ecommerce retailer Etsy has announced it will be using the Klarna buy now pay later (BNPL) solution in the US, allowing customers to make purchases in four instalments.

Using the Ayden payments platform, the payments will come with no interest. Etsy is beginning a planned global rollout of instalment payments in the US and expects to roll out Klarna payment technology in other core markets in 2021.

The retailer has been globally diversifying its payment options, introducing its Etsy Payments digital payment service in seven additional countries in August 2020, with three more countries planned by the end of 2020.

According to Etsy,  this collaboration with Klarna should enable shoppers to buy on their platform with greater financial control and convenience, without the need of additional fees for sellers.

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Keywords: Etsy, Klarna, BNPL, product launch, ecommerce, US, Ayden
Categories: Payments & Commerce
Countries: United States
This article is part of category

Payments & Commerce