Klarna is gradually becoming to-go option for most people looking to shop with the new payment model, Buy Now, Pay Later (BNPL).
In fact, BNPL payment model is gradually setting its spot in the e-commerce space. There were 360 million BNPL users as of 2022, which is expected to reach 900 million in 2027 — according to a new study from Juniper Research.
Following this, 23% of these BNPL users used Klarna for their short-term financing, which let them shop now and pay in a set of installments.
In a nutshell, Klarna is a fintech company that offers short-term financing — which allow you shop at many online retailers and pay in a set of four installments.
Getting started with Klarna is usually easy — however, you'll need to meet the requirements, which include: being a U.S. resident, being at least 18 years of age, and having a U.S. bank account.
If you already hold a bank account at Chime, it will be great having it linked to Klarna to use for repayments — but, does Klarna accept Chime?
While this question might not cross some minds, it is, however, important to clear off the doubt. Thankfully, you've come to the right place.
To help you out, I've made my thorough research on the topic and explained below whether does Klarna accept Chime.
Table of Contents
Does Klarna Accept Chime?
No, Klarna does not accept Chime.
You might be wondering why Klarna does not accept Chime since it works just as other bank accounts.
Here's why.
Chime is a financial technology compnay, not a bank — that offers fee-free banking services to customers holding an account with them.
Klarna only allows you link established bank accounts — not online banks — which is the main reason why Klarna rejects online-only financial institutions (or banks) like Chime.
Also Read: Does Klarna Accept Cash App?
Does Klarna Accept Chime Debit Card?
No, Klarna does not accept the Chime debit card.
The reason is the same, the Chime debit card is issued by an online-only financial institution — which isn't supported by Klarna.
So if you try linking your Chime debit card to Klarna, you'll probably be unsuccessful through the process.
Does Chime Credit Builder Work On Klarna?
No, Chime Credit Builder does not work on Klarna.
While some sources might say otherwise, Klarna does not accept the Chime Credit Builder card since it is issued by the same fintech company, Chime.
Why Doesn't Klarna Accept Chime?
Klarna doesn't accept Chime, that a sure fact — buy why?
I've mentioned that earlier in this article, but for those of you who didn't pinch the point out of it, here's why Klarna doesn't accept Chime.
Klarna does not accept Chime because Chime is an online-only financial institution with no physical presence.
More to that, Klarna works with major banks — and Chime isn't even a bank in the first place.
How To Use Klarna With Chime
While Klarna doesn't accept Chime directly, there's an indirect way to use Klarna with Chime.
However, you'll need an external bank account (other than your Chime account) — which will serve as a bridge.
With that said, there are 2 steps involved, which include:
1. Link Your External Bank Account To Chime And Transfer Funds
The first thing you'll want to do is link your external bank account to Chime and initiate the transfer of the funds you'll need on Klarna.
Thankfully, Chime makes it easy to transfer money from your Chime account to your external bank account.
To do so:
- Log in to your Chime app.
- Select "Move Money."
- Select "Transfers."
- When you are prompted, enter the login credentials your external account.
2. Link Your Bank To Klarna
Once the funds reflect in your bank account, the next thing you'll want to do is link your bank account to Klarna.
To do so:
- Open Klarna app.
- Go to "Settings."
- Select "Payment methods."
- Tap "Connect a bank account" to link your bank account to Klarna.
That it! You just found a way to use Klarna with Chime.
What Payment Methods Does Klarna Accept?
Klarna accepts all major debit and credit cards from top providers, such as; Visa, Discover, Maestro and Mastercard.
However, Klarna does not accept prepaid cards.
It is important to note that credit cards aren't accepted as a payment methods if you use the Klarna card for making purchases.
Frequently Asked Questions
What bank cards does Klarna accept?
Klarna accepts all major debit and credit cards, such as Visa, Discover, Maestro and Mastercard.
What pay later apps work with Chime?
Chime works with a couple of pay later apps including; Dave, Varo, Albert, Cleo, Empower and MoneyLion
Does Chime work with Afterpay?
Yes, Chime does work with Afterpay — meaning, you can link your Chime account or debit card to Afterpay and use for your payment installments.
Final Thoughts
Klarna is an increasingly popular payment method for people looking to shop with the new BNPL payment method.
While Klarna accepts bank accounts, it wouldn't accept any account from Chime — since it isn't a bank, but an online-only financial technology company.
Nonetheless, you can use Chime with Klarna by transferring funds from Chime to your external bank account, and then link the account to Klarna.