Breaking News – Gamestop has added a new way to pay over time for games and other goods in it’s online store. Klarma, a relatively new and growing installment payments partner out of Europe, offers ways to purchase now and pay later at over 3000 Gamestop stores and Gamestop online. A press release via the Dow Jones News service states the following:
“GameStop Corp. ( GME ) customers will be able to pay for their items in installments through payments provider Klarna, as the two companies have struck an agreement. The service is available at GameStop’s ( GME ) more than 3,300 U.S. retail stores, its website and mobile app, Klarna said Monday.
Founded in Stockholm, Sweden in 2005, Klarna has quickly grown to be a provider to a majority of European companies, and is now currently available in select areas of the USA. They company operates under contract with a merchant to offer a way for the customer to pay over time. There are installment plans available, no word yet whether they will offer a no interest if paid by x months plan like Paypal and others do. One of the potential advantages of using Klarna is that they reportedly do not need to use a Social Security number to check credit, and use micro-credit checks for instant approval, and has low impact on credit ratings.
Currently the Klarna plan offered is interest free for 4 months. This comes just in time for Gamestop’s holiday campaign for 2020 that it has named “Ready, Set, Gift”. The payment offering with Gamestop is under their Flexpay plans and is currently available only via mobile.