Klarna users have been issued a two-week warning as up to £10 fees are set to be introduced for those who miss a payment.The 'buy now, pay later' service allows people to purchase online items with money from Klarna rather than their own bank.
They can then pay Klarna back after the fact, making it handy when money is getting a bit tight in the run-up to payday.The service asks that users pay the sum back in a set timeframe, but currently do not issue late penalty fees.
However, this will change in the UK from March 16.In an email sent to customers titled 'Important message from Klarna', the service stated that users will be hit a £5 late fee for payments that remain unpaid for seven days.
Customers could then be hit an additional £5 fee, as Klarna has stated it will impose a maximum of two late payment fees per order, which is capped at a total of £10.The email stated: "We're reaching out to let you know that from March, 2023, Klarna will be introducing late fees for missed payments made with Pay in 3 and Pay in 30 days in the UK."Late fees will only be applied if a payment remains unpaid after the due date has passed.
Read more on dailyrecord.co.uk
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