Afterpay vs Klarna
Side-by-side comparison
| Afterpay | Klarna | |
|---|---|---|
| Product | Afterpay (Buy Now, Pay Later Service) | Klarna |
| Category | Payment Processing | Payment Processing |
| What it does | Offer customers interest-free installments, while you get paid upfront. | Smoooth payments for shoppers, growth for businesses, and flexible financing for all. |
| Pricing model | Merchant fees (typically a percentage per transaction) | Usage-Based |
| Starting price | — | 3-6% + $0.30/transaction |
| Free trial | No | No |
| Target company size | SMB, Mid-Market, Enterprise | SMB, Mid-Market, Enterprise |
| Deployment | SaaS | Cloud/SaaS |
| Integrations | Shopify, Magento, WooCommerce, e-commerce platforms, POS systems, payment gateways, terminal APIs | Shopify, WooCommerce, Magento, Salesforce Commerce Cloud |
| API available | Yes | Yes |
| Certifications | — | PCI DSS Level 1, GDPR |
About Afterpay (Buy Now, Pay Later Service)
Afterpay provides a 'Buy Now, Pay Later' (BNPL) service that allows customers to pay for purchases in four interest-free installments over time. For merchants, Afterpay ensures they receive the full payment upfront, mitigating risk and improving cash flow. This solution is designed to help retailers increase sales, boost average order value, and acquire new customers by making purchases more acces
Use cases: Increase sales and conversion rates by offering flexible, interest-free payment options to customers., Boost average order value (AOV) as customers are more likely to make larger purchases when they can pay in installments., Acquire new customers who prefer or require flexible payment solutions, expanding the merchant's customer base., Improve customer loyalty and repeat purchases by providing a convenient and positive payment experience., Streamline payment processing for merchants by handling installment collection and associated financial risks.
Full Afterpay (Buy Now, Pay Later Service) blueprint · Afterpay company profile
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]