- Retailers using Stripe can now seamlessly integrate Klarna's
payment methods in all markets where Klarna is active.
- Klarna uses Stripe's infrastructure to accept credit card
payments from consumers in the US and Canada.
SAN FRANCISCO and NEW
YORK, Oct. 26, 2021
/PRNewswire/ -- Klarna, a leading global retail bank,
payments, and shopping service, today announced a strategic
partnership with Stripe, a global technology company building
economic infrastructure for the internet. Retailers using Stripe
can now activate Klarna as the preferred payment method in
their checkout within minutes, providing a superior shopping
experience to consumers.
Koen Köppen, Chief Technology Officer at Klarna: "Over the past
years, Klarna and Stripe redefined the e-commerce experience for
millions of consumers and global retailers. Together with Stripe,
we will be a true growth partner for our retailers of all sizes,
allowing them to maximize their entrepreneurial success through our
joint services. By offering convenience, flexibility, and control
to even more shoppers, we create a win-win situation for both
retailers and consumers alike."
Will Gaybrick, Chief Product
Officer at Stripe: "We're thrilled to partner with Klarna so
millions of businesses on Stripe globally can offer increased
payment flexibility. Klarna's payment options are a powerful tool
for online businesses to attract more customers, boost conversion
rates, increase basket sizes, and thus grow their revenue."
The first results of retailers using Stripe show that the
integration of Klarna's payment method led to an average 27%
increase in sales. On average, retailers using Klarna see a 41%
upsurge in average order volume and a 36% increase in purchase
frequency - which subsequently led to an increase in revenue.
Additionally, some retailers experienced that 40% of Klarna
shoppers are new to their brand, demonstrating that Klarna's
rapidly growing consumer app with more than 18m monthly users has become a true lead
Alex Nazarevich, Vice President
Growth at INDOCHINO: "Through the Klarna and Stripe partnership, we
were able to get up and running quickly with a tailored service
that met our needs perfectly."
In addition to enabling retailers already using Stripe to
activate Klarna in their checkout, both companies have also
announced plans to strengthen the partnership even further. Stripe
is now Klarna's preferred payments partner for consumer purchases
pre-funded by Klarna in the US and Canada. Tests with Stripe's services have
resulted in significantly improved performance rates. For that
reason, Klarna has shifted more payment processing volume to Stripe
than initially planned, and partners with Stripe for about 90% of
its payments volume in the US and Canada. The two companies are planning to
deepen and expand their partnership to more countries and products
in the future.
This is how Stripe retailers can enable Klarna
From today onwards, all eligible Stripe users can start
accepting Klarna in minutes — there is no additional application,
onboarding, or underwriting to get started. Klarna is supported on
Stripe's Payment Intents API, Payment Element, Checkout, and
Connect. Building and managing a separate API, integration
patterns, and SLAs for Stripe retailers will not be necessary.
Klarna on Stripe is available to all retailers based in
Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Netherlands, Norway, Slovakia, Slovenia, Spain, Sweden, United
Kingdom and the United States of
David Zahn, Product
+49 170 740 09 11
Klaas Flechsig, Northern European
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