Pay Later Apps Like Klarna

Pay later apps like Klarna

Pay later apps like Klarna have made shopping so much more fun and easier. Klarna allows you to buy a product online or in-store and pay later in four interest-free installments every two weeks. It not only gives you more time to pay but also helps you earn exclusive discounts and rewards so you can save more.

Klarna’s “Pay in 30” payment plan enables you to order an item and pay for it in full 30 days later, so you don’t have to pay anything at checkout. However, if you make a late payment, the app charges a fee of up to $7. It also usually restricts credit to $1,000 for the pay-in-four plan and $10,000 for the pay-in-30 financing option.

If you aren’t eligible for credit on the Klarna app or are looking for other buy now, pay later (BNPL) apps that offer bigger loan amounts or don’t have late payment fees, here are four of the best apps that are similar to Klarna.

Check them out below.

Other Pay Later Apps Like Klarna

If you’re on the hunt for other BNPL apps like Klarna, here are four highly-rated apps:

1. Affirm

Affirm is the top choice when it comes to Klarna alternatives. Like Klarna, you can use Affirm for online or in-store purchases and pay later. But the latter also allows you to select your payment amount, repayment term, and interest rate. You can go for the pay-in-four installment option or longer repayment terms of up to 48 months.

Affirm also does not charge late fees and even allows you to reschedule late payments. Usually, installments are interest-free. But for purchase transactions that charge interest, the app charges simple interest, not compound interest.

Compared to Klarna, Affirm also offers a larger loan amount of up to $17,500.

However, like Klarna, Affirm performs a soft credit check to prequalify you for future BNPL transactions. Buying something with Affirm also results in a hard credit check that can impact your credit score.

Affirm also reports your credit usage and payment history to credit bureaus. This is great for customers who pay installments on time as they can use it to build their credit score.

2. Sezzle

Sezzle is another great BNPL app like Klarna with similar repayment terms. It allows you to pay off your loan in four smaller payments over six weeks. However, you have to pay a 25% downpayment upon checking out an item.

Sezzle makes it easy to apply for credit and is also faster than Klarna in granting credit. Because it performs a soft credit check to prequalify you, it won’t impact your credit score.

Moreover, if you are regular with your payments, you won’t incur any interest or late fees. You even get a two-day grace period in case of late payments. But if you miss that deadline, you will have to pay a late fee of $10.

You can also reschedule a payment and postpone it for up to two weeks later. Your first reschedule for a particular order is free but additional reschedules incur charges.

3. Afterpay

Like Klarna, Afterpay allows you to split a purchase into four interest-free installments over six weeks. However, in case of late payments, Afterpay calculates the fee differently than K

larna. It charges a fee of up to 25% of the order value so the lower your purchase amount, the lower your late fees will be.

Unlike Klarna, Afterpay does not do any credit inquiries when you sign up on its platform or even when you buy something with it. It also does not report missed or late payments to credit bureaus.

Afterpay’s mobile app is user-friendly as it has an easy signup process. It also provides an in-app digital card that you can use for in-store shopping. The app also offers helpful information such as your credit limit. You can also increase your spending limit if you successfully pay off a few purchases on time.

However, all purchases need to be individually approved by Afterpay. This means that it can decline your order at checkout and leave you in the lurch.

4. PayPal Credit

Previously known as Bill Me Later, PayPal Credit is another Klarna alternative that is popular among shoppers. The best part about using PayPal Credit is its affiliation with PayPal, the most preferred online payment facility after credit cards. This makes it very handy indeed since you can use its BNPL service at any store that accepts PayPal.

PayPal Credit also offers an extra long repayment term of up to six months on purchases over $99. If you pay off the entire purchase amount after six months, the app does not charge any interest. However, if you don’t, the rest of the unpaid amount will incur interest.

Existing PayPal users can apply for PayPal Credit within seconds. If you aren’t a PayPal user, you’ll have to first create an account and link your bank account or credit card to it.

PayPal also offers other benefits to users such as purchase protection, quick checkout, and zero annual fees in addition to a credit line.


BNPL or pay monthly apps such as Klarna, Affirm, Sezzle, and the other services on this list are great ways to get credit when you’re low on cash. Many of them also offer rewards, helping you save more on your purchases.

We encourage you to explore each of these Klarna alternatives until you find the best one for your budget and financing needs.

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