Best Buy Now Pay Later Plans

Posted by Destination Gold on

Buy Now, Pay Later Service Comparison

Between Sezzle, ViaBill, and Klarna 

 

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

 

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!

 

Installment Plans

  • Viabill: Available for orders $300 or less
  • 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. 

 

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.

 

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

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

For more information on the payment options, view the Buy Now, Pay Later blog post.


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