Wayfair is expanding its partnership with Klarna to offer Canadian customers the payment company’s full suite of flexible payment options, while eligible U.S. customers will gain access to ongoing 0 per cent APR financing for purchases of up to six months.
The expanded partnership covers Wayfair and its family of brands, including Joss & Main, AllModern and Birch Lane. Canadian shoppers will be able to pay for purchases in full, split payments into interest-free instalments or finance larger orders over time.
“Klarna has been a trusted partner in helping our customers shop with confidence, and renewing this relationship was an easy decision,” said Curtis Crawford, director at Wayfair. “Our customers are making meaningful investments in their homes, and giving them flexible, transparent payment options at checkout makes a real difference, and that’s exactly what this partnership delivers.”
Flexible financing extended across brands
The agreement gives eligible U.S. customers access to always-on 0 per cent APR financing for up to six months across Wayfair’s full family of brands. The company said the Canadian expansion marks the first time Klarna’s full range of flexible payment options will be available through Wayfair in Canada.
The payment options apply to home purchases ranging from furniture such as sofas, dining sets and bed frames to outdoor furniture. Customers in both countries can choose among different payment methods based on their purchase and payment preferences.
“Wayfair’s decision to renew and deepen this partnership speaks to the trust we’ve built together and the real demand we’re seeing for flexible payments for considered home purchases,” said David Sykes, chief commercial officer at Klarna. “Home essentials is one of our fastest-growing categories in North America, and having Wayfair’s full family of brands behind that momentum is a significant benefit for consumers in both markets.”
Klarna expands retail payment network
Klarna said it has more than 120 million active users globally and processes 3.8 million transactions per day. The company said more than 1.2 million retailers use its payment solutions.
Klarna offers payments online and in stores, as well as through Apple Pay and Google Pay. The company is listed on the New York Stock Exchange under the symbol KLAR.
Wayfair operates as an online retailer focused on home products, offering merchandise across furniture and other home categories through its family of brands.
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