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Arcadia launches 'buy now pay later' for online shoppers
15 Sep '16
1 min read
UK fashion retailer Arcadia has partnered Swedish online payments company Klarna to offer its online shoppers a 'buy now, pay later' service. Arcadia will offer its various fashion brands to shoppers, Klarna's new online retail financing option, letting customers buy product online and then pay for them over time, without the hassles of lengthy paper work.
Under the partnership, the retailer separates the buying process from the payment process and pre-authorises shoppers in real time when the order is placed. Shoppers eligible for credit are able to spread interest- free payments for up to 90 days.
The biggest advantage this services offers is that it lets Arcadia shopper's access to instant credit without being redirected away from the ecommerce store. (AR)
Under the partnership, the retailer separates the buying process from the payment process and pre-authorises shoppers in real time when the order is placed. Shoppers eligible for credit are able to spread interest- free payments for up to 90 days.
The biggest advantage this services offers is that it lets Arcadia shopper's access to instant credit without being redirected away from the ecommerce store. (AR)
Fibre2Fashion News Desk – India
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