This is effective on purchases made from 21 October.

The timing of this announcement comes as Australians open up their wallets following an end to lockdowns and the return of 'freedom'.

Klarna states that having a flat and consistent late fee means the maximum additional cost to shoppers per order is $9 - as the company is based on the business model of 'paying in four instalments'.

Total order value

Late fee per installment

Maximum late fee per order (across 3 late repayments)

Up to $49.99

$0

$0

$50+

$3

$9

Source: Klarna

What else is changing?

Klarna is also changing its 'snooze' function, which provides customers with an additional 14 days in order to make one of their four instalment repayments.

There are now no fees on snoozed repayments for purchases less than $50, while purchases over this amount have a snooze fee of $2.

Snoozefee.jpg

Source: Klarna


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      All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here.

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