From now on, all eligible Stripe users can start accepting Klarna
Klarna and Stripe teamed up to fuel growth for retailers worldwide. Source: Klarna
Klarna has announced a strategic partnership with Stripe, a global technology company building economic infrastructure for the internet.
That means retailers using Stripe can now activate Klarna as the preferred payment method in their checkout within minutes.
The first results of retailers using Stripe show that the integration of Klarna’s payment method led to an average 27% increase in sales.
On average, retailers using Klarna see a 41% upsurge in average order volume and a 36% increase in purchase frequency – which subsequently led to an increase in revenue.
In addition, some retailers experienced that 40% of Klarna shoppers are new to their brand, demonstrating that Klarna’s rapidly growing consumer app with more than 18m monthly users has become a true lead generator.
Along with enabling retailers already using Stripe to activate Klarna in their checkout, both companies have also announced plans to strengthen the partnership even further.
Stripe is now Klarna’s preferred payments partner for consumer purchases pre-funded by Klarna in the US and Canada. Tests with Stripe’s services have resulted in significantly improved performance rates.
For that reason, Klarna has shifted more payment processing volume to Stripe than initially planned, and partners with Stripe for about 90% of its payments volume in the US and Canada.
The two companies are planning to deepen and expand their partnership to more countries and products in the future.
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