Online marketplace eBay and Swedish buy now, pay later (BNPL) company Klarna have joined forces to offer German shoppers more flexible payment options.
As Alt FI reported Wednesday (March 16), the new payment options being added to eBay’s German site will supplement existing payment methods like Klarna’s Pay Now service. The new features let customers access “Pay Later” and “Financing,” giving them multiple options with each purchase.
“We constantly survey customer preferences and actively incorporate our buyers’ feedback in how we design our platform and user experience,” Oliver Klinck, vice president of eBay Germany, told Alt FI.
The companies say the launch of both options will come in phases, beginning with some select sellers in the next few weeks with a wider debut later in the year.
The report says the partnership could be bad news for PayPal — once a subsidiary of eBay and still the exclusive payment provider for eBay in several countries.
“Consumers across the world are moving away from traditional payments to alternatives that better meet their expectations by offering smart and transparent services, the eBay customer is no different,” head of Northern and Central Europe at Klarna, Jani Tyyni, said.
Read more: Klarna, Brookfield Bring BNPL to Malls as Consumers Demand More In-Store Availability
This collaboration is the latest in a series of new ventures and partnerships for Klarna. Last month, the company announced it was working with American mall owner Brookfield Properties to bring installment payment plans to retail tenants at more than 150 shopping centers.
Learn more: Klarna Launches Rewards, Pay Now in UK
The multi-year partnership is designed to bring the popular payment plans to more retailers and shoppers while also including experiential activities, such as media, live streamed shopping, and augmented reality.
February also saw Klarna introduce its rewards program and Pay Now option to customers in the U.K. as part of a planned expansion to nine new markets — Australia, Ireland, France, Italy, Spain, Portugal, Poland, Canada and New Zealand.
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