Klarna: 5 important changes you need to know

Klarna doubles the payment period for invoices. There are no more loans without a clear end date. Klarna is also increasing the number of free payment reminders. All changes at a glance.

Payment service provider Klarna today announces five product changes for Germany, which Klarna has already introduced in Scandinavia and Great Britain in 2021. The experiences made there were positive, which is why the changes are now coming to Germany. Klarna will gradually introduce four of the five innovations over the next few months, but one will come immediately.


– “Three free payment reminders”:

From now on, Klarna will remind you up to six times by e-mail, via the Klarna app and by post to pay the bills. The first three payment reminders are free.

New – “Pay Later (purchase on account)”:

Instead of 14 days, Klarna customers will soon have 30 days to pay for their purchases.

New – “Pay in 3”:

With the introduction of “Pay in 3”, Klarna users have the opportunity to spread the cost of their purchases over three interest-free installments. The first payment is made upon purchase, the further installments are automatically due every 30 days.

Abolished – “Perpetual Loan”:

Perpetual (revolving) loans can be more difficult to manage, according to Klarna, as they accrue interest and fees each month on top of the payments. That’s why Klarna replaces all perpetual loans with fixed installments with a clear end date to free its users from unnecessary interest rates and seemingly unlimited loans.

Abolished – “pay in month X”:

Klarna abolishes the “Pay in month X” option, which is subject to a fee. So far, Klarna customers have been able to postpone their payments to another month for a fee.

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