2024-08-15 21:43:59
Anyone who makes online purchases through the payment service provider Klarna will get something back starting this Thursday. There are discounts at certain shops.
We know it from providers such as Shoop, Shopback or Getmore, and now the payment service provider Klarna is also trying to attract customers with a cashback offer. Starting this Thursday, users in Germany can receive a discount on purchases made via the Klarna app.
According to the company, customers will be able to receive cashback at more than 100 participating retailers. This is a loyalty program similar to Payback. However, users do not collect points, but rather receive a certain percentage of the purchase price refunded. How much cashback is granted depends on the retailer, but the refund can be up to ten percent. The money will be transferred to Klarna’s bank account, from now on called “Klarna credit.”
Such a credit account can be opened directly via the Klarna app or the website. Savings can earn interest of up to 3.58 percent as fixed-term deposits, and 3 percent for sight deposits on the so-called Flex account. Account management is free of charge. The Swedish deposit guarantee applies, so that around 91,000 euros are currently protected. Read here what interest rates other banks are currently offering.
While the Klarna account already existed in Germany, “Klarna Credit” is now being introduced in eleven other markets, including the USA. “The introduction of the new services is a decisive step forward, as they enable consumers to earn money while shopping and conveniently manage their money in their Klarna account,” says Sebastian Siemiatkowski, co-founder and CEO of Klarna.
With the launch of the Klarna credit account in particular, the payment service provider is making greater inroads into the core business of traditional banks, as it can be used for both everyday expenses and savings. The free account management also increases the pressure on direct banks, many of which have now started charging fees.