Dollarforcent
(From Payment Provider to Profits)
Klarna is not just a payment provider. It makes money through merchant commissions, interchange fees, interest on customer accounts, and late fees.
Klarna is a billion-dollar financial technology (fintech) company that offers its customers the buy now pay later (BNPL) option.
Sebastian Siemiatkowski co-founded Klarna with his friend Niklas Adalbert in 2005. The duo started the company in Stockholm, Sweden, along with Victor Jacobsson.
Klarna’s business model revolves around providing payment solutions to consumers.
Klarna can, at times, require its customer to pay more upfront to protect itself from bad debtors. It happens when the customer has a lot of debts
A soft credit check does not impact your credit score and thus will not appear in credit bureau reporting. Klarna reports any late payments and long-term financing to credit bureaus.