Klarna Partners with Xero to Offer BNPL Option for Household Repairs

People now have the option to use Klarna's buy now pay later (BNPL) service to cover household repairs thanks to a new partnership.
Klarna teams up with Xero
Klarna, known for its flexible payment options in the fashion industry, has expanded its services to include small businesses through a collaboration with Xero. This partnership allows smaller firms, such as plumbers, heating engineers, gardeners, and construction companies using Xero, to offer Klarna's BNPL payment option to their customers.
Flexible Payment Options for Micro Businesses
David Sykes, Klarna's chief commercial officer, emphasized that Klarna's flexible payment solutions are not limited to clothing and footwear purchases anymore. This move aims to support micro-business owners in receiving timely payments while providing customers with the flexibility to choose their payment schedule.
Interest-free Instalments for Home Repairs
With Klarna's BNPL option, customers can now spread the cost of essential services like boiler repairs, plumbing work, and other household repairs over three interest-free instalments. This new initiative ensures that businesses receive prompt payments and customers have the convenience of budgeting their expenses effectively.
Consumer Reactions
Consumer champion Martin Lewis commended Klarna's initiative, stating that allowing interest-free payment spreading for services like plumbing and car repairs can be beneficial for individuals facing unexpected expenses. He stressed the importance of regulation in maintaining the integrity of such payment options. In conclusion, the partnership between Klarna and Xero opens up new possibilities for small businesses and customers alike, providing a convenient and flexible payment solution for essential household repairs.