Payments are collected in four equal parts on a biweekly schedule on orders of at least USD 35. Morevoer, customers do not pay additional interest or fees.
Klarna has built up a network of retail partners, which now includes 130,000 retailers, including Sephora, Asos and Indochino. Last fall, H&M also became a minority stakeholder in Klarna.
Klarna also announced this year that it would offer payment plans across retailers through a direct-to-consumer app. Rue21, which emerged from bankruptcy in 2017, also launched a buy online, pick up in-store program throughout the chain this spring.
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