Klarna Partners with Wix to Offer E-Commerce Merchants a Flexible Buy-It-Now and Pay-On-Pay Solution
Buy Now, Pay Later Fintech Klarna has partnered with cloud-based website development platform Wix to enable its e-commerce merchants to offer customers flexible and convenient payment options.
From designers and developers to musicians and restaurateurs, Wix is one of the leading website development platforms for e-commerce merchants around the world.
Wix online merchants now have access to Klarna’s Pay in 4 and Pay in 3 solutions, which provide their customers with interest-free payments over time while retailers receive full payment up front.
“We’re excited to join our efforts with Klarna to provide Wix eCommerce merchants with more payment solutions that benefit them and their customers. Our research indicates that Wix Stores connected to BNPL providers saw a 25% increase in high-priced transactions, making these items more affordable for customers and driving overall merchant growth. “
Omer Shatzky, Billing and Payments Manager at Wix
Klarna leads Red Hot Buy Now, Pay Later Payments solution
Globally, the BNPL industry is expected to grow 10 to 15 times by 2025 to reach over $ 1 trillion in annual gross merchandise volume as consumers move away from traditional credit in favor of credit options. flexible expenses adapted to their lifestyle.
Even large credit card companies like Visa are entering the BNPL industry as they see a shift in the buying behavior of consumers who are moving away from traditional credit and debit card use.
By adding Klarna’s flexible payment options, Wix eCommerce merchants gain access to this BNPL payment trend which also increases the purchasing power of their customers while driving new customer acquisition.
“Through this partnership, merchants using Wix will now be able to unlock Klarna’s global network of 90 million buyers. Equally important, they will now have the ability to offer their customers more flexible payment options and benefit from the growth of buy-now, pay-on-the-back solutions.
Luke Griffiths, Commercial Director
Wix eCommerce merchants from US, UK, AUS, NZ, DE, AT, CH, SE, NO, FI, DK, BE, NL, FRA, ES, PL and IT markets can integrate the solutions now. flexible payment options from Klarna on their website.
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