The term klarna simply means a Swedish bank that makes online financial services which include payment solutions for online storefronts, debt collections, credit payments and lots more inclusive.
klarna is an important service that helps to solve most online payments. Klarna main service is to make sure they claim payments and handling customer’s payment. It also curbs the risk for buyers and sellers. Also, Klarna services is more beneficial to the buyers, sellers or consumers due to the safer side of the risk is providing for the business people and also this tend to motivates buyers or sellers to purchase more services.
Klarna services has emerged in such a way that over 35% of all the e-commerce sales in Sweden pass through klarna. The company headquarters is at Stockholm. The number of people working in the company has over 1600 workers . it is estimated that at the year 2014, the company handled about ten billion online sales which is very large has been estimated. Thus, as seen above from the discussion so far klarna is very helpful in businesses thereby securing and finding a solution for online storefronts.
Therefore we can say in other words that klarna make users to buy things online and not providing their payments details to the merchants or the sellers. The users or buyers receive their items or goods and a klarna invoice with 14days to pay through bank transfers, cheques or credit cards and so on.
Also, learn about Bitcoin.
BRIEF HISTORY ABOUT KLARNA
Klarna founders are three in numbers namely Sebastian siemiatkowski, Niklas Adalberth and Victor jacobsson who attended the Stockholm school of economics annual entrepreneuship award in the year 2005 with the motive on the provision of buyer and sellers with safer and making it simple and easy online shopping payment methods. However, klarna a lso started making the provisions of services in Netherland and Germany in the year 2010, also may 2010 klarna revenue increased at above 80% to 54 million u.s dollars.
Also, as at 2011, klarna was becoming popular to an extent that the british newspaper known as the The Telegraph listed klarna as one of the europe’s hundred most promising young technology companies. Klarna also begin to offer services in Austria 2012, and in 2013 klarna and Germany also merged and also in 2015, klarna had over 45 million users and over 50,000 online merchants had already hired it to run their checkouts in other to safeguard their business.
HOW DOES KLARNA WORKS | KLARNA AB
Klarna ab is a kind of services that make users to buy goods or items through online without the need to provide their details of payment to the merchants which makes it more safe and secured for the users. Therefore, steps on how klarna works will be listed below for better understanding. Principal among these include the followings;
- Firstly, the users will need to provide a national I.D number. For example: SSN and then checkout
- Secondly, klarna normally does a micro credit check out following the I.D number, fronts the fund and make the payment to the merchants first.
- The users of klarna receives goods or items , and a klarna invoice with 14 days to make the payment through cheques, bank transfer or credit cards.
THE IMPACTS OF KLARNA | KLARNA AB
Klarna is easily available to an individual’s information. And also make the users to make purchases online and not providing their payment details to the merchants.
Also, klarna ab helps to remove the payment step in a very great way that is more beneficial and reduces frictions in the process of checking out.
One of the impact of klarna ab is that the only olace items or goods can be moved or ships to is through the I.D registered address which prevents fraud from the identification of stolen I.D numbers or theft.
Klarna also help users to switch from an expensive or from high rate to a lower or cheaper methods like for instances, bank transfers, cheques which make them reduce payment collection cost and could be charging the buyers or merchants as at 4%.
Lastly is that klarna ab users receive and inspect their goods before is been settle up and also the conveniences involve all klarna ab buyers for the month into a one voice.
In conclusion to the above, therefore, klarna is a financial services that make online which include payment solutions for online stores fronts, debit collection and credit cards. It has impacted in one way or the other benefitted many ways due to its reduction of payment steps and has also help users to switch from a higher rates to a lower methods.