8.6 C
New York
Friday, December 9, 2022
Home Fintechs New payment options: eBay and Klarna start strategic partnership

New payment options: eBay and Klarna start strategic partnership

The US Internet auction house eBay and the Swedish financial services provider Klarna are entering into a strategic partnership.

German buyers on eBay now have access to some of Klarna’s payment services through cooperation. Among other things, purchases can now be paid on account or in installments.

Read also: Starling Bank considers opening office in Leeds or Manchester

Previously, Klarna only offered the option of instant transfer on the platform.

According to both companies, purchase on account and payment by installments now allow customers to make their purchases even more flexibly and thus have the choice between paying for their purchases directly or later. 

The introduction of the new options also took place at the request of many customers.

“We constantly survey customer preferences and actively incorporate our buyers’ feedback in how we design our platform and user experience,” Oliver Klinck, vice president of eBay Germany, told Alt FI.

“Consumers across the world are moving away from traditional payments to alternatives that better meet their expectations by offering smart and transparent services, the eBay customer is no different,” head of Northern and Central Europe at Klarna, Jani Tyyni, said.

February also saw Klarna introduce its rewards program and Pay Now option to customers in the U.K. as part of a planned expansion to nine new markets — Australia, Ireland, France, Italy, Spain, Portugal, Poland, Canada and New Zealand.

Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Curve has secured a $1 billion credit line from Credit Suisse to launch Curve Flex

Curve is a financial service provider that connects debit and credit cards into one. With great exchange rates, rewards, and insights across...

Revolut won’t refund money to a woman who got scammed of £8,000 from her Vaults

Deborah Wright lost £8,000 of savings from her Revolut accounts to fraud in October, BBC reported.

TS Anil, CEO of Monzo, claims the bank will turn into profit in 2023

“We will be profitable in the next financial year,” TS Anil, chief executive of Monzo, told the FT’s banking summit on Thursday.

Klarna launched the platform that helps retailers to increase sales by 300% 

Recently the world-leading global retail bank Klarna has launched their new Creator platform that helps retailers find influencers best suited to their...