Klarna teams up with Shopify's tech partner program targeting high-growth merchants
Today (December 6), Klarna has announced it is among the first payment service providers to join the Shopify Plus Technology Partner Program.
This integration will allow merchants in Germany, the UK and the US to implement Klarna’s payment suite.
Through the Shopify Plus Technology Partner Program, merchants will have additional support and access to APIs to enable better customization and provide important personalised shopping experiences for customers.
The solution aims to increase conversion rates, average order value and drive customer loyalty for the merchants.
Kyle Doerksen, CEO and founder of Future Motion and maker of Onewheel, said: “Being a big ticket item, we really wanted to give our consumers a financing option that was easy-to-use and didn’t limit their purchase based on cost.
“With great customer experience, simple integration, and fair credit terms, our experience with both Klarna and Shopify was smooth.
“Through the implementation of Klarna’s Slice It, we saw a 15 per cent uplift in sales and increased customer satisfaction.”
Klarna also assumes responsibility for managing credit and fraud risks, allowing merchants to quickly receive payment for the orders regardless of when the customer chooses to settle the payment.
Klarna and Shopify have been partners since 2016, providing merchants with access to Klarna’s payments solutions.
Markus Giesswein, CEO Giesswein, added: “With Shopify and Klarna we’ve been able to reduce complexity and be more flexible and thereby deliver an overall better shopping experience for our customers.
“After only 30 days with Klarna ‘Pay Later’, we saw a volume growth of five per cent and the conversion rate increased by 20 per cent.”
Klarna’s payment gateway is now available to Shopify merchants in nine markets, including the US, the UK, Germany, the Nordics, the Netherlands and Austria.