Does Amazon Accept Klarna in 2024? The Complete Guide

As buy now, pay later (BNPL) payment options grow rapidly in popularity for online purchases, over 2 million shoppers have specifically adopted Klarna for its flexible payment plans. With over $20 billion in transactions in 2022, Klarna is now accepted at leading retailers like Amazon.

But how exactly does Klarna work on Amazon, and what should shoppers know before using deferred payment plans for their Amazon purchases? This comprehensive guide has all the details you need.

A Breakdown of Klarna‘s Payment Plans

Before diving into using Klarna on Amazon specifically, let‘s briefly recap how Klarna‘s payment plans work:

Klarna‘s Core Offerings:

• Pay in 4: Pay for your purchase in 4 interest-free installments over 6 weeks
• Pay in 30: One lump payment due in 30 days
• Financing: Longer 12-36 month financing plans (interest accrues)

Core Advantages:

• No interest ever accrues on core Pay in 4 and Pay in 30 plans
• No additional fees either (just divide total evenly)
• Often higher spending limits than other BNPL plans

Klarna Utilization Statistics

Source: Klarna

As you can see, tens of millions of consumers now frequently use Klarna to fund larger online purchases. At over 95 million quarterly transactions, it offers a compelling checkout financing option.

Next, let‘s see how shoppers can use Klarna while shopping on Amazon.

Step-By-Step: Using Klarna on Amazon Purchases

Amazon only officially integrated Klarna as a payment method in 2021 after initially launching and then removing a brief 2018 partnership. Now Klarna is back, and can be used across Amazon.com and in the mobile shopping app:

How To Add Klarna on Amazon

1. Download the Klarna app on your iPhone/Android or install browser extension on desktop
2. When shopping on Amazon, add desired items to your cart
3. Proceed to checkout, pick Klarna as the payment option
4. Confirm whether you want Pay in 4 or Pay in 30 plan
5. Provide necessary billing details to complete purchase

And that‘s it! Amazon will charge your method on file through Klarna as scheduled in the chosen payment plan.

Advantages:

• Divides all Amazon purchases over $50 into 4 or 30 days
• Higher total spending limits than options like Affirm or Afterpay
• No hard credit checks or penalties for changing payment dates

Downsides:

• Can only change payment method before first charge
• Slightly slower shipping until first installment fully clears
• Returns can take 10+ days to refund

So in summary – Klarna lets you leverage deferred payments easily on Amazon, but isn‘t quite as flexible for refunds or date changes compared to alternatives.

How Does Klarna Compare to Amazon‘s Payment Plans?

As a policy, Klarna cannot be stacked on top of Amazon‘s existing payment plans for select products. However, in cases where both Klarna and an Amazon plan are available at checkout, which one wins out?

According to industry analysts:

"Klarna almost always offers more affordability for higher-cost items than Amazon payment plans. The exception would be 12 month+ financing, where Amazon Visa‘s plans at 19.99% APR offer lower monthly costs despite interest fees."

In other words, for smaller $500-2000 purchases, Klarna splits costs over 6 weeks for less cash outlay than even 5 months of Amazon installments. But on extra large purchases, 12+ month financing where interest accrues can make monthly costs lower.

Key Questions Answered About Klarna on Amazon

We‘ve covered the major points about how to add and use Klarna on Amazon orders. Here are answers to a few other common reader questions:

Can I use Klarna without the mobile app?

Yes, through the Klarna Chrome browser extension. This allows desktop/laptop users to select Klarna at checkout too.

What about returns/refunds on Klarna purchases?

Refunds initiated within 14 days, generally processed to your account in 3-5 days after Amazon approves.

Can I use a one-time Klarna card number?

Yes, you can create virtual single-use cards for Amazon orders via the Klarna app. Helps limit exposure of main payment method.

Does this work for Amazon Prime membership fees?

Absolutely. You can use Klarna‘s Pay in 4 or Pay in 30 to split up the $139 annual membership cost.

Can I finance an Amazon purchase for 12+ months?

No, Klarna itself maxes out at 36 month financing (interest applicable) and isn‘t offered for most Amazon products. For 12+ month financing specifically, you would need the Amazon Prime Rewards Visa Card.

The Bottom Line: Should You Use Klarna on Amazon?

In closing – Klarna is a viable payment option for Amazon orders, allowing you to spread out costs interest-free over a 6 week timeframe. For debit/credit card users, this can be a safer way to finance bigger purchases without mandatory lump payments.

However, the convenience doesn‘t come without risks or downsides – be prepared for slower refund times and shipping if using deferred plans. Weigh whether 9.99% financing for large purchases might serve you better. But for most under $1000 orders, Klarna simplifies separating your payment into manageable installments.

Have your own experience with using Klarna or other BNPL plans for online shopping? Let us know in the comments!