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Does Klarna Accept PayPal?

Klarna accepts a couple of payment methods. Find out whether does Klarna accept PayPal as a payment method.
does klarna accept paypal

There's a new payment model in the financial industry, Buy Now, Pay Later (BNPL), and with its increasing popularity among online stores, there's a chance that it might overtake traditional payment methods in the nearest future.

Klarna is one of the fintech companies that offers BNPL services to consumers — it typically offers shot-financing to users so as to let them shop their favorite items and pay in a set of installments.

This way, they can shop items they can't afford for at the moment and repay as per the service provider's terms.

While Klarna is great for making payments, having PayPal linked to it as a payment method will be great — but, does Klarna accept PayPal? That's what we'll be seeing later.

To address this concern, I've made a thorough research on these two fintech companies and explained whether does Klarna accept PayPal.

Table of Contents

Does Klarna Accept PayPal?

No, Klarna does not accept PayPal.

Klarna hasn't mentioned PayPal as a payment method on its website. However, most consumers just like us are hoping for a mutualistic relationship between the two fintech companies in the nearest future.

Does PayPal Accept Klarna Ghost Card?

The Klarna ghost card also known as the one-time or single-use card, is a virtual card offered by Klarna — that lets you shop at any VISA card-accepting online store in the US.

PayPal accepts almost all type of cards, even some gift cards and there's a probability that PayPal will accept the Klarna ghost card (we haven't tested that yet).

However, while PayPal might accept the Klarna ghost card, it isn't, however, recommended to use the card on PayPal since it is a single-use card.

Once you use the card for a transaction, the card will be of no use again and you'll have to remove it from your PayPal account.

However, it's just fine if you link the card to PayPal to make a transaction on a site or store that does not accept the card directly. PayPal here, will serve as a bridge.

How To Use PayPal On Klarna

While Klarna does not directly accept PayPal as a payment method, there's a way to use PayPal indirectly on Klarna.

However, you'll need a bank account — that will be used as a bridge.

You'll typically be transferring funds from PayPal to the bank account and link your bank to Klarna so as to use the funds for payments on Klarna.

1. Link Your Bank Account To PayPal And Transfer Funds

The first thing you'll want to do when looking to use PayPal on Klarna indirectly is link your bank account to PayPal.

You might need your routing and account number (if you can't find your bank on the list featured on PayPal).

To link your bank to PayPal:

  1. Login to your PayPal account.
  2. Go to "Wallet."
  3. Click "Link a bank."
  4. Search for your bank or select it from the list.
  5. You can link your bank instantly by entering your bank login details. If the instant option isn't available, enter your bank account details manually and click "Agree and Link."

Once you've linked your bank account to PayPal, you'll need to transfer the amount you'll want to use on Klarna to your bank account.

To do so:

  1. Go to "Wallet."
  2. Select "Transfer Money."
  3. Select "Transfer to your bank."
  4. Select in minutes.
  5. Follow the instructions.

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.

You can also do this before the funds from PayPal reflect in your bank account so as to safe time.

To link your bank to Klarna:

  1. Login to the Klarna app.
  2. Go to "Settings."
  3. Select "Payment methods."
  4. Tap "Connect a bank account" to add an account your bank to Klarna.

What Payment Methods Does Klarna Accept?

Klarna accepts most debit and credit cards including; Visa, Discover, Maestro and Mastercard.

However, Klarna does not accept prepaid cards as a payment method.

Keep in mind that Klarna won't accept credit cards as a payment method for purchases made with the Klarna Card.

Frequently Asked Questions

Is Klarna similar to PayPal?

Klarna and PayPal do share some similarities. However, the main difference is that you do not have to register or set up a virtual account to use Pay now with direct banking. You just use your usual online banking details and your selected authentication procedure.

Which is best PayPal or Klarna?

PayPal and Klarna offer similar services. The best of the two will depend on your preferences. For instance, if you're looking for a more popular BNPL service that's available on many stores, then Klarna is the to-go option. While PayPal is accepted as a payment method in many stores, its Pay in Four service isn't accepted by most stores.

What payments does PayPal accept?

PayPal accepts credit, debit and prepaid cards from top issuers such as Visa, Mastercard, Discover, and American Express card. It also accepts bank accounts as a payment method.

Final Thoughts

Klarna uses the new payment model which gradually integrates online stores, BNPL.

It accepts a couple of credit and debit cards, but does not directly accept PayPal as a payment method.

However, you can indirectly use PayPal on Klarna by transferring the funds to your bank account and linking it the same bank to Klarna.

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About the Author

Tebid Kelly is a Graphic Designer, Web Developer, Ethical Hacker, Programmer, and Content Creator who showcases his skills and experience on his blogs. He also has much love for finance apps such as Cash App, Venmo, PayPal, Zelle, etc on which he ha…

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