Etsy, the online marketplace for creative gifts, is set to roll out use of the Klarna buy now, pay later (BNPL) shopping payment solution.
The Klarna BNPL setup for Etsy will be enabled by Adyen, a payments platform. The release said Adyen provides “a modern end-to-end infrastructure connecting directly to Visa, Mastercard, and consumers’ globally preferred payment methods.”
PYMNTS’ October Provider Ranking of Alternative Credit Apps puts Klarna in the No. 1 spot. The report noted that Klarna, “Sweden’s gift to installment payments,” is a recent beneficiary of an investment from Macy’s as part of a new partnership.
Etsy said its global marketplace carries goods from more than 3 million creative entrepreneurs. “Etsy’s platform gives sellers the tools they need to do what they love and connects them with buyers around the world,” said the release. Klarna’s BNPL service will support purchases on Etsy between $50 and $10,000.