Is buy now, pay later the same as installments on a card?
Short answer
No. With card installments the issuer or acquirer splits the payment on the card. With BNPL a separate provider extends the payment plan to the shopper. See installment payments and buy now, pay later.
In detail
No. With card installments the issuer or acquirer splits the payment on the card. With BNPL a separate provider extends the payment plan to the shopper. See installment payments and buy now, pay later.
About Klarna
Klarna is a buy now, pay later and payment provider used by shoppers in Europe, North America and other markets. Its options include paying later, paying in installments and paying immediately through the Klarna app.
See the Klarna connector page for its payment methods, documentation and the markets it covers, and the full connector catalog.