What is purchase power on klarna?

Klarna offers a feature called Purchase Power which allows customers to split their purchases into monthly installments. This allows customers to buy now and pay later, making it easier for them to afford larger purchases. Customers can choose to pay in 4 equal installments or can opt for longer-term financing options.

Purchase Power is available for online purchases at select retailers that partner with Klarna. Customers can apply for Purchase Power at checkout and receive an instant decision on their application. There is no interest charged on purchases made with Purchase Power, but customers may incur late fees if payments are not made on time.

Overall, Klarna's Purchase Power feature provides customers with more flexibility and affordability when making purchases, making it a popular option for many shoppers.