What is Klarna: Slice it?
With Klarna: Slice it you can offer your customers to pay with consumer financing, without them having to go through a lengthy sign up process. Offering an easy way of consumer financing is especially a great advantage when you have a high average order value, lowering the barrier for customers to make the purchase.
By filling out a few simple personal details, customers can cut up the amount due in installments and pay it off in anywhere between 3 to 36 months, with interest or without. No matter which duration your customer chooses, as a merchant you will get paid out immediately once the product is shipped.
The credit check, that runs in the background while your customer is paying, will assess whether the customer is eligible for consumer financing and what the available monthly installments are. The actual payments take place at a later moment and are made in the Klarna app or customer portal through another payment method like iDEAL or credit card. For effortless recurring payments, customers can also choose to link a bank account to their Klarna account.
As a consumer centric company, Klarna bases variables like costs and the availability of their products on the location of your customer. Slice it is available from customers residing in Austria, Germany, and Finland. For more information on the costs and availability, check out the Help centre.
Klarna covers all fraud and financial risks that arise when offering your customers the option to pay over time.