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Does Klarna Accept PayPal? Everything You Need to Know

Last Updated Dec 28, 2022
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Running low on funds when you need them can be stressful — this is where Klarna can help. Klarna offers multiple plans that let you buy what you need online and make payments over time. Before you sign-up, however, you’ll need to ensure Klarna takes your preferred payment method. Does Klarna accept PayPal?

Klarna does not accept payments via PayPal. However, there are many other ways to make a payment. Klarna accepts most major credit cards, including Visa, Mastercard, and American Express. Klarna does not accept cards that carry prepaid balances.

Below, we’ll discuss more information about how the Klarna app works and what forms of payments they accept. Keep reading to learn more!

Does Klarna Accept PayPal?

Many people love the convenience of using PayPal for making online purchases and other financial transactions.

However, you may be disappointed to learn that Klarna does not accept PayPal.

It is speculated that Klarna does not accept payments via PayPal because they are one of Klarna’s top competitors, thanks to their new payment plan options. 

What Payments Are Accepted By Klarna?

Since you can’t use PayPal, you may be wondering how you can make payments if you decide to use Klarna.

Klarna accepts various payment methods, including the following major credit cards:

  • Visa
  • Mastercard
  • American Express
  • Maestro

Capital One is the exception to the cards listed above. The company has recently stopped working with buy now, pay later apps like Klarna.

In addition to these major credit cards, Klarna accepts Apple Pay and Google Pay.

What is Klarna and How Does It Work?

If you are new to the buy now, pay later market, you may not know what Klanra is or how it works.

Klarna was created nearly 20 years ago in Stockholm, Sweeden.

Now, the service is used worldwide to help ease the financial burden people experience when making online purchases.

Klarna was created to help people purchase items they need and make payments over a predetermined amount of time, similar to a credit card but with more limitations.

Klarna offers three payment plans, which we’ll discuss below.

Down Payment and Installments

This is the most popular Klarna payment plan.

You’ll make a 25% down payment at the time of your purchase, and the remaining balance will be divided into equal payments.

You can have these payments taken from your account automatically, or pay them manually every two weeks.

Get It Now, Pay Later

This plan is the true definition of buy now, pay later.

If you qualify, option number two allows you to pay for your purchase interest-free over the course of thirty days.

Long-Term Financing with Interest

The third option is not as popular, as it requires a more in-depth credit check and has more stipulations and limitations associated.

With this plan, payments for larger purchases can be made over:

  • 3 months
  • 6 months
  • 36 months

This option is most like a traditional loan or credit card. There are set times when payments are due, and interest will be tacked on.

Additional fees are also added for missed or late payments.

Pros and Cons of Using Klarna

Klarna offers payment options that help you get the things you need and pay for them over time. However, there are some drawbacks.

The table below will highlight the advantages and disadvantages of using Klanra’s buy now, pay later options.

Advantages of Using KlarnaDisadvantages of Using Klarna
You can buy the things you need or want and pay for them later.  Fees can add up fast for any missed or late payments.  
No membership fees.  High interest rates on long-term financing plans.  
Accepted by over 250K stores around the globe.  You can’t use PayPal or Capital One.  
It can break payments up so purchases are easier on your wallet.  It can get you deeper into debt if you start making too many purchases.
They offer long-term financing options for larger purchases.You must pass an in-depth credit check for financing plans.

Using Klarna truly comes down to being financially responsible and knowing what your budget allows.

It is important to understand all the terms associated with your payment plan to ensure you stay within your financial limits.

In Conclusion

While Klarna does not accept payments from PayPal, other options are available that can make big online purchases possible.

Klarna accepts most major credit or debit cards, so getting the things you need when you need them and paying later has never been easier.