Affirm vs Klarna
Side-by-side comparison
| Affirm | Klarna | |
|---|---|---|
| Product | Affirm | Klarna |
| Category | Payment Processing | Payment Processing |
| What it does | Offer flexible payments to customers, boost sales, and get paid upfront. | Smoooth payments for shoppers, growth for businesses, and flexible financing for all. |
| Pricing model | Usage-Based | Usage-Based |
| Starting price | ~6% + $0.30/transaction | 3-6% + $0.30/transaction |
| Free trial | No | No |
| Target company size | SMB, Mid-Market, Enterprise | SMB, Mid-Market, Enterprise |
| Deployment | Cloud/SaaS | Cloud/SaaS |
| Integrations | Shopify, WooCommerce, BigCommerce, Salesforce Commerce Cloud | Shopify, WooCommerce, Magento, Salesforce Commerce Cloud |
| API available | Yes | Yes |
| Certifications | PCI DSS | PCI DSS Level 1, GDPR |
About Affirm
Affirm is a leading Buy Now, Pay Later (BNPL) platform that empowers consumers to pay for purchases over time with transparent, flexible payment options, including interest-free installments. It serves merchants of all sizes, enabling them to increase average order value, conversion rates, and customer loyalty by removing price as a barrier. Affirm differentiates itself through its advanced AI/ML-
Use cases: Increasing average order value and conversion rates for online and in-store merchants., Providing flexible, transparent payment options for consumers for high-ticket purchases., Improving customer loyalty and repeat purchases through a positive payment experience., Managing merchant cash flow by receiving full payment upfront while Affirm handles consumer installments., Mitigating credit and fraud risk for merchants by Affirm assuming the risk.
About Klarna
Klarna is a leading global 'Buy Now, Pay Later' (BNPL) platform that empowers consumers with flexible payment options, including interest-free installments, pay-in-30-days, and financing. For businesses, Klarna integrates seamlessly into e-commerce platforms, driving increased sales, higher average order values, and improved conversion rates by offering these payment choices at checkout. The platf
Use cases: Increase average order value and conversion rates for online retailers. [1, 6, 8, 16], Reduce shopping cart abandonment by offering flexible payment options at checkout. [4], Provide consumers with interest-free installment plans or pay-in-30-days options. [3, 8, 19], Protect merchants from credit and fraud risks associated with customer payments. [4, 6, 19], Attract new customers and enhance customer loyalty through flexible payment solutions and marketing tools. [10, 19]