Just in time for the holidays, we've added a new payment option. Unexpected jobs can break your customer's budget, and credit card interest rates don't always suit big purchases. Your customers can now cover those large or unexpected jobs with help from Klarna! Adding installment plans as a payment option can boost your close rate by over 40%, as well as increasing your average purchase price.
Setting up your Kickserv account to accept financed payments could not be easier. If you have Customer Payments set up, you'll see a new option in your Customer Payments settings:
Just like the setting says, you can either leave the Financed Payments option disabled, enable it for all payments, or enable it only for payments above a specified amount. **Note that Klarna is not yet supported on every currency--only USD, EUR, DKK, GBP, NOK, and SEK are available. If you choose a Stripe currency other than one of these, you'll see a message that Financed Payments are not available for that currency.
Once you've enabled Financed Payments, customers paying through the Customer Center or via payment request will see the option to apply for financing through Klarna. Here it is in action:
-ust like a credit card payment, funds are transferred into your Stripe account up front with fees deducted, and Klarna collects the financed payments from your customer. Klarna's merchant rates vary from country to country, but in most cases are comparable to a credit card payment.
Read more on Stripe's Klarna integration
Get started with financed payments today and give your customers more payment choices!