Buy Now Pay Later - Popular Plans

Posted by Destination Gold on

Buy Now, Pay Later Service Comparison

Between Sezzle, ViaBill, Klarna, Afterpay


Amount Limit

  • Viabill: Available for orders $300 or less
  • Klarna: Klarna has three (3) different payment options
    • Installments: $1000
    • Klarna Financing: $10,000
    • Pay in 30 Days: $400
  • Sezzle: Available for orders up to $2500
  • Afterpay: Afterpay spending limits start low, at around $500, and increase gradually over time if you are proven to be a responsible spender.

Approval / Credit Check

  • Viabill: $300 is pre-approved. No credit check. 
  • Klarna: Klarna has three (3) different payment options
    • Installment & Pay in 30 Days: Klarna may perform a soft credit check as part of our application process. This type of check will not impact your credit score or show up as a hard inquiry on your credit report. However, if you're interested in one of our financing options a full credit check will be performed during which Klarna will contact the credit bureaus. This will show up as an inquiry on your credit report. Monthly financing through a Klarna credit account is issued by WebBank, member FDIC. 
    • Klarna Financing: With the financing option, there is a hard credit inquiry when the customer applies that will appear on their credit report as a request for credit.
  • Sezzle: Sezzle complete what’s known as a “soft check,” which means they take a look at your credit score as part of our risk check, but this doesn’t have an impact on your credit score. They use this information to help verify your identity, minimize fraud risk, and approve you for Sezzle!
  • Afterpay: No credit check.  Afterpay does not approve 100% of orders. We are committed to ensuring we support responsible spending.
    When determining which orders to approve, we consider a number of different factors. As an example, the longer you have been a shopper using Afterpay and the more orders you have successfully repaid, the more likely you will be able to spend more.
    Things to consider:
             1. are there sufficient funds on your card (generally we look to see                 the first installment amount available to spend)
             2. length of time you have been using Afterpay (tighter in the first 6                 weeks)
             3. amount you have to repay, it may help to pay some off (not a                       guarantee)
             4. the value of the order you are trying to place, it may help to                         reduce the value of your shopping cart (not a guarantee)
             5. the number of orders you currently have 'open' with us (not a                       guarantee)

Installment Plans

  • Viabill: Four (4) interest-free payments.
  • Klarna: Klarna has three (3) different payment options
    • Installment: Four (4) interest-free payments over 6 weeks. 25% each month. 
    • Klarna Financing: Split your payment for up to 36 months. 
    • Pay in 30 Days: Receive your order upfront and get 30 days to pay. 
  • Sezzle: Four (4) interest-free payments over 6 weeks. 25% each month. 
  • Afterpay: Four (4) interest-free payments made every 2 weeks.

Late Fees

  • Viabill: $15
  • Klarna: 
    • Installment: $7
    • Klarna Financing: Typically $25
    • Pay in 30 Days: No Fee (This might change in the future) 
  • Sezzle: Your first reschedule on an order is always free! However, if you need to reschedule your payments again, a $5 fee will be charged. Should your payment fail on the day it was scheduled, your account may be suspended and a $10 failed payment fee will be applied on that installment. However, if you resolve the payment within 48 hours of it failing, we'll automatically waive your fee! Otherwise, the fee will be charged alongside the installment on the new due date.  Once the payment and fee are resolved, you will again be able to use your account to make new purchases.
  • Afterpay: Late fee will be charged when an installment for an order is not paid after the applicable grace period (usually 10 days unless otherwise noted on your payment schedule). It will only ever charge one late fee per installment and the total amount of late fees charged on an order will never exceed 25% of your initial order value.


For more information on Sezzle, check out the Pay Later with Sezzle blog


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