Imagine the joy of purchasing your favourite items without the need for immediate payment. This is possible thanks to Buy Now Pay Later (BNPL) programs. BNPL offers fixed instalment loans with no interest or hidden fees, ensuring transparent payment amounts. You can complete these transactions using a BNPL app or your credit card.
With BNPL apps, you can shop at participating retailers and choose the buy now, pay later option by paying just 25% of the total upfront. The remaining balance is then paid off in interest-free instalments.
Sounds exciting.
Many platforms provide point-of-sale instalment loans, with Klarna being a prime example. Klarna is a lifestyle app that allows you to shop and split your payments into four interest-free instalments. It also offers:
- Order tracking and real-time updates
- Exclusive deals and discounts
- Saved item lists for future purchases
- Personalized recommendations
If you’re looking for BNPL apps similar to Klarna, we’ve curated a list just for you. If you’re considering developing a similar app, partnering with a Cross-Platform App Development Company could help you create a seamless and engaging user experience across all devices.
8 Apps Like Klarna For Shopaholics
Payment Apps Comparison
| App | Key Features | Downloads | Ratings |
|---|---|---|---|
| Affirm | Shop from partnered retailers Pre-qualify for financing Manage your payments |
5M+ | 4.8/5 |
| Sezzle | Four interest-free payments Shop at various retailers Fast approval with no hard credit check |
1M+ | 4.6/5 |
| Laybuy | Interest-free installments Wide retailer selection Simple and secure Build credit |
1M+ | 4.5/5 |
| Zip | Flexible payment options Fast and convenient Potential to build credit |
1M+ | 4.8/5 |
| Splitit | Multiple installments without any fees or interest Use any credit or debit card Flexible payment plans Used in 200 countries via Mastercard or Visa |
10K+ | 3.3/5 |
| ViaBill | Split purchases into installments Shop anywhere (online or in-store) Manage your finances |
50K+ | 3.4/5 |
| PayPal Credit | Track spending and payments Apply for a PayPal Credit Manage your account Shop using PayPal credit |
100M+ | 4.3/5 |
| Go Cardless | One-off payments International payments Reduced fees |
85+ | 4.7/5 |
1) Affirm
Affirm is one of the most popular Buy now, pay later apps like Klarna. It provides a simple way to purchase things and split payments with no hidden fees. Repayments can be divided into three, or twelve-month plans without interest, with APR rates ranging from 0% to 30%, depending on the loan amount.
| Pros | Cons |
|---|---|
| Spreads payments | Interest rates can be high |
| Interest-free | Tempts overspending |
| Variety of loan options | Credit impact |
2) Sezzle
Sezzle is another popular choice among the best Buy Now, Pay Later apps, similar to Klarna, which allow you to divide your purchases into manageable instalments. If you pay on time, you can spread your payments over six weeks in four equal instalments without interest.
Sezzle offers instant acceptance decisions without requiring a hard credit check, making it a more convenient option than traditional credit cards. Additionally, timely payments with Sezzle may be reported to credit bureaus, potentially helping to improve your credit score. Sezzle partners with various online and in-store retailers, giving you flexibility. The Sezzle app also easily tracks your orders, upcoming payments, and account details.
If you’re considering developing a similar app, collaborating with a mobile app development company can help you build a user-friendly and efficient BNPL solution.
| Pros | Cons |
|---|---|
| Interest-free payments | Late fees |
| Fast and convenient | Limited payment schedule |
| Shop at many retailers | Complex fee structure |
3) Laybuy
Laybuy is another alternative to apps like Klarna that allows you to receive your purchase instantly and pay it back in six payments. One-sixth of the total payment is paid at checkout, with the remainder paid in five weeks. The best aspect of Laybuy is that there is no interest, hidden fees, or payment charges.
You can shop in-store or online at businesses that accept this payment method and effortlessly link your credit or debit card to the app. However, Laybuy only takes cards issued by New Zealand banks. Therefore, this BNPL may only be available to persons within New Zealand, unlike Klarna, which is available worldwide.
| Pros | Cons |
|---|---|
| Simple and secure | No credit card required |
| In-store payments | Potential for overspending |
| Manage your finances | Limited payment terms |
4) Zip
Zip (previously Quadpay) is a “buy now, pay later” program allowing you to purchase instalments. Zip lets you divide your purchases into four interest-free payments over six weeks. Zip works with many online and in-store businesses, offering more purchase options. They even provide a Zip app virtual card, which may be used to shop online with stores that do not directly take Zip.
You can settle your instalments weekly, fortnightly, or monthly, whichever you wish. The Zip app provides a rapid approval process and lets you pay with your phone at participating merchants. On-time Zip payments may be recorded to credit agencies, thus helping you improve your credit score.
| Pros | Cons |
|---|---|
| Shop at many retailers | Late fees |
| Flexible payment options | Potential for overspending |
| Fast and convenient | Interest on late payments |
5) Splitit
Splitit allows you to buy and pay numerous instalments without incurring fees or interest. It accepts any credit or debit card and does not need you to apply for a loan, so you do not have to worry about your credit score.
The payment arrangements are flexible, with instalments of up to 12 months. You can also make additional payments anytime to help pay off your purchase faster. The most excellent thing about Splitit is that it can be used in 200 countries with a Mastercard or Visa. Splitit does not impose late fees; your credit card provider may charge you for them.
6) ViaBill
ViaBill is a “buy now, pay later” program that allows you to purchase in instalments. You can pay for your purchase in instalments depending on your chosen plan. ViaBill’s plans range from interest-free 10-month instalments to flexible payments over 24 months. ViaBill provides two methods to shop: online and in-store.
With the ViaBill app, you can easily track your spending, monitor your credit limit, and modify your payment schedule. On-time payments made through ViaBill can be reported to credit bureaus, thereby increasing your credit score.
| Pros | Cons |
|---|---|
| Variety of payment plans | Interest rates on extended plans |
| Manage your finances easily | Potential fees |
| Potential to build credit |
7) PayPal Credit
PayPal is a well-known and popular payment processor that allows clients to make purchases using their PayPal accounts. PayPal offers two flexible payment alternatives in the United States:
The four-installment payment plan requires buyers to pay 25% of their item at the checkout, with the remaining three installments charged every two weeks. This is available for purchases ranging from $30 to $1500. Customers can pay in monthly instalments of six, twelve, or twenty-four months. This plan can be used for significant purchases ranging from $199 to $10,000.
In all circumstances, money is automatically debited from the customer’s PayPal or associated bank account. Customers using the Buy Now, Pay Later function are protected by PayPal’s Buyer Protection insurance, which covers up to $20,000.
| Pros | Cons |
|---|---|
| Wide acceptance | Potential for scams |
| Security | Limited customer service |
| Acceptance | Extra fees |
8) Go Cardless
GoCardless currently lacks a mobile app for direct consumer use. Instead, it focuses on helping businesses streamline payment collection through various features. GoCardless enables firms to set up automatic withdrawals for subscriptions and invoices, simplifying the payment process and allowing for quick, one-time payments.
With GoCardless, businesses can accept payments from over 30 countries via direct bank transfers, avoiding the credit card fees typically associated with conventional payment gateways. This positions GoCardless as a viable alternative to apps like Klarna.
For those interested in developing a similar solution, partnering with a top on-demand app development company can help you create an efficient and user-friendly payment platform tailored to your needs.
| Pros | Cons |
|---|---|
| Reduced fees | Limited payment methods |
| Recurring payments | Potential for failed payments |
| Faster access to funds | Requires customer signups |
Conclusion
These eight Buy Now, Pay Later apps are great for a comprehensive shopping experience without high costs. However, reading all the terms and conditions before relying on these applications is essential. They may charge additional fees for failing to make payments on time. Also, the ease of using BNPL can lead to overspending and impulse purchases.
Such things can be a concern for the majority of people. But apps like Affirm and Sezzle are all about precise costs with no hidden fees. Paypal is another widely used option. Choosing the right app is essential to research thoroughly, compare all the popular options, and decide wisely. Try our recommendations for apps like Klarna and enjoy buying like never before.
Discover these eight Buy Now, Pay Later apps recommended by Echoinnovate IT for a seamless shopping experience with flexible payments. Remember to review the terms and conditions to avoid extra fees for late payments and overspending. Explore options like Affirm, Sezzle, and Paypal for transparent costs. Do thorough research to choose the best app for your needs and enjoy shopping hassle-free
