What Banks Does Klarna Accept?


Get the best of the Klarna experience as we detail its utility and how it works.

If you want to know what banks Klarna accepts then read on.

Klarna accepts all major debit and credit cards such as Visa, Discover, Maestro, and Mastercard. However, prepaid cards cannot be used. Klarna is a “buy now, pay later” service that allows you to spread your purchase costs and has been extended to all online retailers. 


However, like most lending options, it should be used with caution. Klarna can help you with your festive shopping, it has also released a new shopping app that allows customers to delay payments in their online stores. Previously, shoppers could only pay with Klarna at stores affiliated with “Buy Now” and later pay to the company. If you do not make, fail or forget all repayments within 3 months, your debt will be referred to the collection agency. 


What Banks Does Klarna Accept?


In February of this year, the government announced that interest-free post-paid lenders would be regulated by the Financial Conduct Authority (FCA). The new plan requires companies to perform affordable checks before lending. They also need to ensure that customers, especially those at risk or suffering from existing debt, are treated fairly. 


The rules apply not only to Klarna but to the Buy Now and Pay Later sectors as a whole. Klarna is heartily supporting the regulation and looks forward to working with the industry to implement it. 


 Currently, regulations are modern and balanced, reflecting both the digitality of transactions and evolving consumer preferences. It is important that it is taken and fits the purpose.  Buy now, pay later services were used by 5 million people in the UK last year, generating a total of £ 2.7 billion in sales.

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What Banks Does Klarna Accept?


What Banks Does Klarna Accept?


Various retailers such as H & M, Topshop, ASOS, Made.com, Gymshark, Schuh, River Island, Space NK, Halford, and Expedia have partnered with Klarna. 

 A complete list of stores with payment options can be found on the Klarna official website. 

 Once you know that your store offers Klarna, you can choose it as your payment method at checkout. 

 However, after a recent announcement, you can still pay with Klarna even if the retailer of your choice isn’t using the app.


What is Klarna and How Does it Work?


Klarna is an app that you can use to shop at online retail stores without paying. You then pay for the item later. Previously, customers could only pay through Klarna at certain retail stores with which Klara worked. 

But now Klarna is available at all online retailers, whether or not they are affiliated with the store. Customers can use the shopping app to spread their purchase costs over three months. Your item will be shipped to you immediately and you will receive an email notifying you when payment is due. 

You have 14-30 days (depending on the store) to decide if you want to keep the item before you pay. When the payment is due, log in to your account and use your debit card to pay your balance. 

The advantage is that you can buy things online and decide whether to store them before you actually pay. This means that if you decide you don’t need the item, you don’t have to wait for the refund to appear in your bank account. 

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It is also possible to spread payments over months or years. Unlike some credit cards, Klarna does not charge interest or fees during the period from purchase to payment of the item.


What Products Does Klarna Offer?


Klarna offers three distinctive products, all of which allow customers to pay for purchased goods at a later date.  However, the service is slightly different in terms of when you pay and how it affects your credit score.  The main product of the Swedish company is the “Pay in 30 Days” service, which allows customers to postpone the payment date by 30 days. 

To do this, Klarna performs a gentle credit check that does not affect your credit score. Customers are also offered the option to pay in three installments. This will split the payment into 3-month installments and the first installment will be collected at the time of ordering.  

This works like the Pay in 30 days option. The only difference is that the payment is split into smaller pieces and you have to give up some cash in advance. Third, Klarna has a funding option with repayment of 6 months to 3 years. This includes a complete credit check and can adversely affect your score.


Will Using Klarna Affect My Credit Score?


When using the “Pay in 30 days” or “Pay in 3 days” feature, Klarna users must be approved with a soft credit check in the background. This does not affect your credit score, even if you are rejected. However, if the app chooses to repay over multiple months, which it calls “financing,” this feature requires a full background credit check. If you are rejected, it can affect your credit score-it should be considered before applying.  If you don’t pay your bills on time, your credit score may also suffer. Klarna is a buy now and pays later app.

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Video Guide






USING KLarna to make a purchase at retail stores is a good idea provided you have the means to pay back later and you don’t end up missing payment which can affect your credit score. We have discussed what banks Klarna accepts and all you need to know about Klarna.

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