Klarna
Klarna is a global payment service provider that offers flexible buy now pay later solutions and a comprehensive shopping app to help you manage your finances and purchases.
Splitit
Splitit is a white-label installment payment solution that allows you to offer interest-free monthly payments to your customers using their existing credit cards without requiring new financing applications.
Quick Comparison
| Feature | Klarna | Splitit |
|---|---|---|
| Website | klarna.com | splitit.com |
| Pricing Model | Freemium | Custom |
| Starting Price | Custom Pricing | Custom Pricing |
| FREE Trial | ✘ No free trial | ✘ No free trial |
| Free Plan | ✓ Has free plan | ✘ No free plan |
| Product Demo | ✘ No product demo | ✓ Request demo here |
| Deployment | ||
| Integrations | ||
| Target Users | ||
| Target Industries | ||
| Customer Count | 0 | 0 |
| Founded Year | 2005 | 2012 |
| Headquarters | Stockholm, Sweden | Atlanta, USA |
Overview
Klarna
Klarna is a flexible payment and shopping platform that changes how you handle your online and in-store purchases. Instead of paying for everything upfront, you can split your costs into smaller, manageable installments or delay payments entirely until after your items arrive. This flexibility helps you manage your cash flow without the high interest rates typically associated with traditional credit cards.
You can use the platform across millions of retailers worldwide through its dedicated app or integrated web checkouts. It also provides you with a centralized hub to track your deliveries, manage returns, and monitor your spending habits in real-time. Whether you are a frequent shopper looking for budget flexibility or a business owner wanting to increase conversion rates, the platform provides the tools to make transactions smoother and more transparent.
Splitit
Splitit provides a unique way for you to offer installment payments to your customers without the friction of traditional financing. Unlike other providers, it uses your customers' existing credit card limits to authorize the full purchase amount while only charging the monthly installment. This means your shoppers don't have to fill out new credit applications or face hidden fees, leading to higher conversion rates and larger average order values for your store.
You can integrate the platform directly into your existing checkout flow, maintaining your brand's look and feel throughout the entire process. It supports major credit card networks like Visa and Mastercard, allowing you to reach a global audience. By removing the need for third-party credit checks, you provide a smoother path to purchase that rewards your most loyal, credit-worthy customers.
Overview
Klarna Features
- Pay in 4 Split your purchase into four interest-free payments bi-weekly so you can manage your budget more effectively.
- Pay in 30 Days Try your items at home before you pay by delaying the full transaction for up to a month.
- Klarna Financing Spread the cost of larger purchases over 6 to 36 months with transparent monthly plans and clear terms.
- Price Drop Alerts Save your favorite items to a collection and get notified immediately when the price drops so you never overpay.
- Digital Wallet Store all your loyalty cards in one place and pay securely at any checkout with a single tap.
- Buyer Protection Shop with confidence knowing you are covered if your items don't arrive or aren't as described.
Splitit Features
- White-Label Integration. Keep your customers on your site with a checkout experience that matches your brand perfectly—no redirects to third-party sites.
- Existing Credit Utilization. Allow your shoppers to use their current credit card limits for installments so they can skip lengthy new credit applications.
- Interest-Free Payments. Attract more buyers by offering 0% interest monthly installments, making high-ticket items much more affordable for your customers.
- Global Reach. Accept payments from customers worldwide using major credit cards like Visa, Mastercard, and UnionPay through a single integration.
- No Credit Checks. Reduce cart abandonment by eliminating the need for hard or soft credit pulls that often scare away potential buyers.
- Flexible Installment Plans. Set up custom payment schedules that work for your business, ranging from 3 to 24 monthly installments for your shoppers.
Pricing Comparison
Klarna Pricing
Splitit Pricing
Pros & Cons
Klarna
Pros
- Interest-free installments make high-ticket items more affordable
- Intuitive mobile app simplifies tracking multiple orders
- Smooth checkout process saves time during online shopping
- Helpful notifications remind you before upcoming payments are due
Cons
- Late fees apply if you miss a scheduled payment
- Customer support response times can be slow during peaks
- Missing payments can negatively impact your credit score
Splitit
Pros
- Higher conversion rates for expensive luxury items
- Seamless checkout experience keeps users on-site
- No risk of credit score damage for shoppers
- Easy integration with major e-commerce platforms
Cons
- Full purchase amount temporarily impacts credit limit
- Customer support response times can be slow
- Limited to customers who already have credit cards