Ecommerce - Buy Now Pay Later Options - Klarna etc

[DSLiverpool]

coffeebreath said:

I applied for Klarna recently and got rejected but I have a very good credit score. Looked into it and there appears to be some magical algorithm which does not seem based in traditional lending criteria.

If you email me your company details I can ask our “partner manager” if there is a better way to apply.
Edit - had a client accepted today (Klarna) who we didn't think would be as not the best credit score.

Edited by DSLiverpool on Tuesday 14th August 13:32

[DSLiverpool]

https://www.clearpay.co.uk/

This is a pay in 3 tranches option for free, its taken off like a rocket. Well worth a look.

[skilly1]

Please can anyone update me on this thread with their experiences.

We are looking at V12 or Klarna for £1000+ purchases. Ideally spread over 12-24 months.

Karna is known to the consumers, has anyone got rates they can share, can Klarna do 12 / 24 month payment periods. Can we offer 0% finance in Klarna and pay for the interest ourselves? How easy is is to change offerings, we we may to an interest free offer one month etc.

Many thanks...

[Spinner20]

You can have multiple offering on your website.

As they all are an extra few % of your margin you need to prove incremental conversion or spend. Very difficult to show/prove incrementality have always seen substitution.