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Fintech & Ecommerce

Klarna announced partnership with Wix

Oct 23, 2021

From designers and developers to musicians and restaurant owners, Wix is a website development platform for e-commerce merchants globally

Klarna

Klarna announced partnership with Wix. Source: klarna.com

Klarna has announced a partnership with Wix, a global SaaS platform to create, manage and grow an online presence.

Together, Wix and Klarna are expected to bring flexible, convenient payment options to Wix e-commerce merchants across the US, UK, Australia, New Zealand, Denmark, Austria, Switzerland, Sweden, Norway, Finland, Germany, Belgium, the Netherlands, France, Spain, Poland, and Italy.

Through this partnership with Klarna, Wix merchants will be able to offer their customers more flexibility at checkout, including Klarna’s Pay in 4 and Pay in 3 solutions that enable shoppers to split their purchases into interest-free payments over time, while retailers get paid upfront and in full.

We are thrilled to join efforts with Klarna to provide Wix eCommerce merchants with more payment solutions that benefit them and their customers. Our research indicates that Wix Stores connected to BNPL providers have seen a 25% increase in high-ticket transactions, making these items more affordable for customers and boosting merchants’ overall growth. Together with Klarna, we look forward to providing more merchants with methods to increase their overall cart value and supply current and new customers with more financial freedom
Omer Shatzky, Head of Billing and Payments at Wix

As consumers shift away from traditional credit towards flexible spending options that better suit their lifestyles, the global BNPL industry is projected to grow 10-15x to reach over $1 trillion in annual gross merchandise volume by 2025 (CBInsights).

The addition of Klarna’s payment options enables Wix e-commerce merchants to boost their customers’ purchasing power and increase customer acquisition by offering payment methods shoppers want.

We’ve reported that Australians back small businesses on debit card fees.

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