Klarna’s newest product Slice it in 3 has gone live with all Arcadia Group Ltd brands, meaning shoppers can now pay for their fashion in instalments, interest and fee-free.
London 12th November 2018 — Retail trailblazers Arcadia have today announced the launch of Klarna’s newest payments product — Slice it in 3 — across all brands.
Klarna’s Slice it in 3 allows shoppers to pay for their boots, bags and bomber jackets in three equal instalments. The first part of the payment is taken via debit or credit card at the point of purchase, with two subsequent payments being deducted from the shopper’s chosen payment card automatically 30 and 60 days after that. The merchant, however, gets paid immediately by Klarna.
As with Klarna’s hugely popular Pay later option, it doesn’t require a credit application and there is no interest, no fees and no late payment charges involved ever. This means splitting payments is now easier than ever before, with shoppers enjoying a ‘smooother’ path to purchase and more options at the till. This gives customers the financial control and flexibility they want, without committing to a long-term relationship and with no extra fees.
Partners since 2016, Arcadia Group Ltd and Klarna have worked closely to constantly evolve what the portfolio of brand offers its customers and the overall shopping experience. The adoption of Slice it in 3 is the next step in this partnership and forms part of Arcadia’s mission to put customer experience at the heart of its offer — turning a transaction into a service for their millions of shoppers.
With over 2,000 outlets across the UK including some of the high street’s best-loved fashion brands such as Topshop/ Topman, Miss Selfridge, Wallis and Burton, the partnership brings Klarna’s latest payment solution to a broad market. Slice it in 3 will replace Klarna’s Slice it option across all Arcadia Group Ltd brands, and will complement Klarna’s Pay later option which will remain available for smaller basket values. The use of these products will give customers maximum flexibility when it comes to choosing how they pay.
Learn more about Slice it in 3: www.klarna.com/uk/business/products/slice-it-in-3/