Stripe Enables Merchants to Instantly Offer Klarna Payment Options
Businesses in 25 countries that use Stripe’s financial infrastructure platform can now instantly offer Klarna’s payment options to their customers.
This capability was enabled by a newly strengthened global partnership of Stripe and Klarna, the companies said in a Tuesday (Jan. 14) press release.
“Stripe is now the easiest way for businesses to offer Klarna,” Stripe Chief Business Officer Jeanne DeWitt Grosser said in the release. “Thanks to our partnership, businesses on Stripe will continue to grow their revenue and offer consumers more options in how they can pay.”
Klarna allows consumers to pay with their choice of immediate payments; short-term, interest-free buy now, pay later (BNPL); or longer-term financing, according to the release.
Merchants offering BNPL as a payment option see increased conversion and higher average order values, the release said.
The strengthened partnership between the companies was launched in the fourth quarter of 2024 and helped Klarna double the number of new merchants offering its payments for the first time during that period, per the release.
“The ambition is to make Klarna payments available everywhere, for everything, all the time,” Klarna Chief Commercial Officer David Sykes said in the release. “Stripe is now a top choice for both Fortune 500 companies and the world’s most ambitious startups, and we see them as a great distribution partner for us.”
Klarna partnered with Stripe in October 2021, saying the move allowed millions of online businesses across the United States and 19 countries in Europe to offer Klarna’s installment payment options to customers.
In June 2024, Klarna sold its online checkout solution, Klarna Checkout (KCO), in a move that the company said will allow it to concentrate on its flexible payment methods that it offers in conjunction with multiple service providers.
Bloomberg reported at the time that by divesting itself of KCO, Klarna eliminated the competition and friction with payment service providers (PSPs) like Stripe and Adyen that it had experienced while offering its payment methods directly to merchants through KCO and via distribution through PSPs.
The move also allows KCOs to grow under its new ownership, the Bloomberg report said.
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