Klarna‘s payment option is now being used by Arcadia Group to offer customers more convenient ways to pay.
Arcadia Group retailers join brands including Topshop, Topman, Miss Selfridge, Wallis and Burton that provide their customers with a flexibility of Klarna’s ‘Slice it in 3’ payment method.
Shoppers choosing to pay via Klarna’s payment service can now pay for their purchases via three equal instalments process. The first part of the payment is taken off customers credit or debit card when they purchase, with two following charges being deducted 30 or 60 days later from their chosen payment card.
Klarna says that three-pronged payment method is based on its ‘Pay later’ option, mimicking its structure in the way that it requires no credit application, or hidden interest fees or late charges. This payment structure, says the supplier, gives shoppers more financial control and flexibility of paying for goods in-store and online.
“We’re constantly on the lookout for new and innovative ways to make life easier for our customers and improve the way they shop. Klarna’s Slice it in 3 will deliver just that; a simple way to split payments without a formal credit agreement. Having worked with Klarna since 2016, we know our customers love the flexibility that comes with alternative payments, and now our designer collaborations, vintage items and limited editions will be even more accessible. We’re proud to be the first fashion retailer to offer this service, and bringing it to all our brands will give all our customers the chance to use it.”
-Richard Burchill, group head of treasury at Arcadia Group
“Slice it in 3 is versatile and flexible for both retailers and shoppers; it’s a must-have. Our relationship with Arcadia is built on years of mutual understanding, as well as a shared desire to redesign the shopping experience. That’s why Arcadia is the perfect partner for our latest product. They continue to stay on the front row when it comes to fashion and innovation by giving their customers the best possible experience. With Arcadia pioneering Slice it in 3 we can’t wait to see what their customers think of our new way to pay.”
-Luke Griffiths, general manager at Klarna UK
