![]() ![]() Our partners for featured placement of their products or services. While we are independent, we may receive compensation from That aims to provide you with the tools you need to make betterĭecisions. Unsure you should get independent advice before you apply for anyį is an independent comparison platform and information service Service provider and read the information they can provide. We endeavour to ensure that the information on this site is current andĪccurate but you should confirm any information with the product or Offer credit facilities from a panel of lenders. We are a credit broker and not a lender and Compare: Klarna or PayPal Pay in 3?į Comparison UK Limited (company number: 10482489) isĪuthorised and regulated by the Financial Conduct Authority (firm If, on the other hand, you’re looking to split your online shopping total at a business that is not partnered with Klarna, you’ve got a good chance that PayPal will be able to offer you a solution.īoth Klarna and PayPal operate as businesses outside of the BNPL space (as a bank and an online payment system respectively), meaning both businesses can be trusted to handle your money and protect your payment details. ![]() If you’re looking for multiple, flexible payment options at one of the retailers that is partnered with Klarna then it’s a great option for you. Whether Klarna is better than PayPal depends on what your situation is. If you’re planning on using regular instalment or ‘Pay later’ options rather than finance, Klarna will be better for you even if you miss a payment (although we don’t recommend you ever do!) Overall winner: Is Klarna better than PayPal? As well as Klarna, the late payment fee is £0. PayPal has typically always been free for consumers to use and there are no fees for choosing to pay with PayPal’s buy now, pay later scheme. However, if you select Klarna’s “Financing” option at the checkout, you may be charged interest (representative APR 18.9%, variable). Klarna also doesn’t charge any late fees, even if you miss a payment. Klarna charges no fees or interest for its instalment option or its “Pay 30 days later” option. Klarna has one of the largest store directories of new BNPL providers with reportedly more than 4,262 UK stores and services.Īs a much more established online payment service though, PayPal reports to be accepted by “millions” of stores worldwide.īoth proivders are growing their directories on an almost daily basis but it will take a while for Klarna to catch up with PayPal. One of the key considerations when comparing two payment services is the number of retailers where each payment method is accepted. If it’s one clear, hassle free option then PayPal might be easier to keep track of. If you’re looking for multiple payment options then Klarna is the one for you. ![]() Pay in 3: You’ll need to pay the first instalment at the time of purchase and then the 2 following payments will be on the same date in the two subsequent months.PayPal Pay in 3 offers just 1 simple payment plan. Financing: Apply for traditional financing, choose your repayment term and agree to possible interest charges (representative APR 18.9%, variable).The first due at time of purchasing, then 30 days and 60 days later. Pay in 3 instalments: Split your total into 3 payments.Pay in 30 days: Pay your whole bill up to 30 days after purchase. ![]() Klarna offers 3 different payment options for consumers, one of which acts like traditional credit and charges interest. ![]()
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