Klarna signs Maplin for online pay-later

Source: Klarna

Today, leading payments provider Klarna has announced a partnership with Maplin - the UK’s number one specialist technology retailer. Maplin customers will now be able to use Klarna’s Pay later and Slice It services, allowing them to order online and receive the very latest Smart Home tech, security/CCTV products, top quality drones and so on, and then pay for them either at a later date or spread the cost over time.

Pay later enables online and mobile Maplin customers making purchases of £200 or less to receive their products and pay for them 30 days later, with no interest or fees. They can touch, feel and see their chosen items to ensure they’re happy with them before parting with their money.

Alternatively, Maplin customers can choose Slice it at the checkout, which allows shoppers to spread the cost of purchases of £600 over equal monthly payments. Klarna’s consumer finance is significantly simpler than that of other providers - with only a 4-step application and real-time decisioning.

Maplin is one of the first retailers to adopt Klarna’s unique payment options to help their customers access not only physical products, but also services - such as security installation and maintenance.

Commenting on the partnership, Luke Griffiths, Klarna’s UK General Manager said: “Customers today expect a variety of convenient payment options at the checkout. We’re happy to be able to give Maplin customers greater control over how and when they pay for their purchases - which is especially important to savvy electronics shoppers making higher-value purchases.”

Alexander Allen, Services Director at Maplin, added: “Making sure our customers have the best possible user experience is of the utmost importance to us. With more people than ever shopping online, the payment flexibility provided by Klarna’s solutions is a real added benefit for our shoppers.”

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