eBay and Klarna team up to offer flexible payment options in Germany

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eBay and Klarna are teaming up to offer additional flexible payment options to German buyers.

Image source: eBay.

In a potential blow to PayPal, eBay is teaming up with Klarna to offer new flexible payment options to German shoppers.

The two new Klarna payment options added to eBay.de will complement existing payment methods, which include Klarna’s Pay Now service (Sofortüberweisung).

Customers will now also be able to access Pay Later (Invoice) and Finance, giving them multiple options for every purchase, whether to pay immediately or later.

“We are constantly studying customer preferences and actively incorporating feedback from our buyers into the design of our platform and user experience,” said eBay Germany Vice President Oliver Klinck.

The rollout of both options is being rolled out gradually, starting with select vendors over the next few weeks and following with a broader rollout later this year.

It’s also news that could be a blow to payments giant PayPal, formerly an eBay subsidiary that was established in 2014 and is still the exclusive subsequent payment provider for eBay in many countries.

“Consumers around the world are moving away from traditional payments for alternatives that better meet their expectations by delivering smart and seamless services, eBay’s customer is no different,” said Jani Tyyni, Head of Northern and Central Europe at Klarna.

“Through our strategic partnership with eBay, we are now able to further enhance the shopping experience by providing Klarna’s payment options to millions of customers, enabling them to save time, make informed decisions and control their personal finances.”

This partnership is the latest in a series of ventures for the Swedish fintech as it expands across Europe.

A few weeks ago, the company announced that it was launching a new rewards program in the UK that will allow shoppers to earn points every time they pay with Klarna.

He is also reportedly working on a new funding round which could see his price rise to $60 billion.

The company raised $639 million at a valuation of $45.6 billion last June and is only continuing to grow.

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