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    Afterpay vs Klarna – Which is the best BNPL service?

    • March 08, 2024
    • 5 min

    Buy Now, Play Later is the trend nowadays. The majority of people seek credit and loans to do shopping. Thus, BNPL apps play an important role in providing such services. Popular BNPL apps are Klarna and Afterpay. Let’s see the features of both apps in this Afterpay vs Klarna blog and decide which one is better for you.

    Afterpay vs Klarna – Features and Functionalities

    What are software requirements specifications?<br />

    Afterpay allows customers to divide the payment into four equal installments. Similarly, with Klarna, you can pay the credit money in four installments. Customers can use Klarna in the Netherlands, Finland, Belgium, Sweden, Germany, Norway, Spain, Denmark, Great Britain, Austria, Republic, Hungary, France, Italy, Poland, Portugal, Czech Switzerland, Slovakia, the USA and Australia. On the other hand, Afterpay is available in New Zealand, Australia, the UK, the USA, and Canada. Thus, if we compare Afterpay vs Klarna regarding availability, Klarna is a clear winner.

    Klarna provides loans with longer-term choices, such as free-of-interest times and fixed-term funding, along with Pay Later. Furthermore, users of Klarna’s loyalty program can earn prizes, access to exclusive offers, and savings from affiliated merchants.

    Afterpay vs Klarna – Pricing

    When we talk about Klarna below are the options:

    • Pay in 4: Clients may buy anything right once and spread out the cost across a total of four payments. If the payments are made on schedule, there are no penalties or interest.
    • Slice it: Buyers may make a purchase now and spread out the cost over a maximum of 36 months. The duration of the payback period and the purchase price affect interest rates.
    • Pay in 30 days: Clients can buy something right away and settle the bill in 30 days. If the payment is not received by the due date, there is a late fee.


    On the other hand, we have Afterfay options mentioned below:

    • 4 installments: Customers who choose this option can buy anything now and pay for it over the course of six weeks in four payments. If the payments are made on schedule, there are no penalties or interest.
    • Monthly installments: Clients may buy anything right away and spread out the payment over up to a year. If the money is not received on time, there is a late fee.

    Afterpay vs Klarna – Pros and Cons

    Let us go into detail and note the pros of Klarna vs Afterpay.

    • If payments are paid on schedule in Klarna, there are no fees or interest.  Furthermore, it is available at more than 250,000 retailers. It provides several different payment options, such as Pay in 4, Slice it, and Pay in 30 days. Additionally, it gives the option to use a virtual card both online and in-store and provides a mobile app that simplifies account management and payment tracking.
    • Similarly, if payments are paid on schedule on Afterpay, there are no fees or interest. It is available at more than 100,000 retailers. Furthermore, it provides a mobile app that simplifies account management and payment tracking.


    Let us go into detail and note the cons of Klarna vs Afterpay.

    • Users might result in excessive spending if not use Klarna and Afterpay appropriately. Furthermore, users may have an impact on their credit score if they skip a payment.


    Choosing between Afterpay vs Klarna as the best Buy Now, Pay Later (BNPL) service ultimately depends on individual preferences, needs, and specific circumstances. Both Afterpay and Klarna offer similar core functionalities, allowing customers to split purchases into manageable installments without interest, making shopping more accessible and flexible. However, there are differences in terms of available features, payment options, fees, and merchant partnerships.

    Afterpay is known for its simplicity and ease of use, with straightforward installment plans and no interest or hidden fees. It has a strong presence in markets like Australia, the United States, and the United Kingdom, with a wide range of retail partners across various industries. Afterpay’s popularity stems from its user-friendly interface, transparent payment schedules, and focus on responsible spending.

    On the other hand, Klarna offers a broader range of services beyond BNPL, including direct payments, financing options, and a seamless shopping experience through its app. Klarna’s Pay Later options come with flexible payment terms, personalized recommendations, and the ability to shop from a diverse selection of merchants worldwide. Klarna’s innovative features, such as “Pay in 4” and “Pay Later with Klarna,” cater to different consumer preferences and shopping behaviors.

    Ultimately, consumers should consider factors such as merchant availability, payment flexibility, interest rates, fees, and customer support when deciding between Afterpay vs Klarna.


    How does Buy Now, Pay Later (BNPL) work with Afterpay and Klarna?

    Both Afterpay and Klarna allow customers to split purchases into multiple interest-free installments, typically paid bi-weekly or monthly. Customers can select BNPL as a payment option at checkout and complete their purchase without paying the full amount upfront.

    What fees are associated with Afterpay and Klarna?

    Afterpay charges late fees for missed payments but does not charge interest on purchases. Klarna may charge interest on some financing options, depending on the terms of the agreement. Both services may have other fees associated with specific features or transactions, so it’s essential to review the terms carefully.

    Are there any eligibility requirements for using Afterpay or Klarna?

    To use Afterpay or Klarna, customers typically need to be of legal age, have a valid payment method, and meet other eligibility criteria specified by each service. Credit checks may be conducted for certain financing options with Klarna.

    Can I use Afterpay or Klarna for online and in-store purchases?

    Both Afterpay and Klarna offer BNPL options for online purchases at participating merchants. However, Afterpay also provides in-store payment options through its mobile app and digital card, while Klarna primarily focuses on online transactions.

    What happens if I miss a payment with Afterpay or Klarna?

    Missing a payment with Afterpay or Klarna may result in late fees or penalties. It’s essential to stay informed about payment due dates and ensure sufficient funds are available in your account to avoid potential consequences.

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