- Creative goods marketplace Etsy Inc (NASDAQ: ETSY) and Buy Now, Pay Later provider Klarna have partnered in a way that enables Etsy to offer a Buy Now, Pay Later solution
Creative goods marketplace Etsy Inc (NASDAQ: ETSY) and Buy Now, Pay Later provider Klarna have partnered in a way that enables Etsy to offer a Buy Now, Pay Later solution. Now US buyers on Etsy.com can now use this flexible payment option to shop for everything they love: ranging from handcrafted pieces to vintage treasures created by millions of small creative businesses.
The global rollout of Klarna’s flexible ways to pay will are going to begin in the US and Etsy expects to roll out Klarna’s flexible payment options in other core markets in 2021. And Klarna’s “Pay later” solution for Etsy is enabled by Adyen, the payments platform of choice for many of the world’s leading companies.
Etsy’s global marketplace is home to a universe of extraordinary items from over 3 million creative entrepreneurs. And guided by a mission to Keep Commerce Human, Etsy’s platform gives sellers the tools they need to do what they love and connects them with buyers around the world. And Klarna supports purchases on Etsy between $50 and $10,000.
Klarna is the pioneer and global leader of buy now, pay later options and the future of shopping. And with 90 million customers and more than 200,000 retail partners worldwide, the Klarna e-commerce platform and app provide consumers with flexibility and control while creating a smoother way to shop and pay. The relationship with Etsy further strengthens Klarna’s presence in the US as a leader in the buy now, pay later space.
KEY QUOTES:
“We’re excited to work with Klarna to expand the number of payment options available to shoppers through Etsy Payments. Klarna will enable shoppers to buy on Etsy with greater financial control and convenience, without additional fees for sellers. We believe this flexible solution will be particularly valuable during the peak holiday shopping period when many shoppers are buying special items for their loved ones.”
— Kruti Patel Goyal, Etsy’s Chief Product Officer
“We are thrilled to grow our relationship with Etsy to make it even easier for their vibrant buyer community to get the items they love. Not only does this relationship bring new flexible payment options to shoppers globally, we’re proud to work with Etsy, a platform that supports small businesses around the world.”
— Sebastian Siemiatkowski, CEO at Klarna
