Perhaps you want to know if you can use the Klarna app to send/receive money from Chime or vice versa, and you are asking Does Klarna Accept Chime? Well! we shall be addressing that in this article.
Chime is a renowned financial technology company which renders online banking services to the United States citizens and beyond. Chime was established to serve as an alternative to the traditional banking method. Since Chime came to limelight, it has helped many people to ease their financial burden by working with other financial institutions to offer cash advances to their esteemed subscribers.
On the other hand, Klarna is a renowned Installment payment platform which offers “Buy Now and Pay Later service“. Currently, Klarna platform has over 90 million subscribers in the United States and their services span across 15 countries of the world.
Due to the magnanimous nature of Klarna platform, they allow users to purchase goods and make payment in four basic installments. This installment is to be made every two weeks on four time plans. Better still you can opt for an alternative option where you can finish the payment within 30 days.
However, before Klarna will grant you a deferred payment option, you need to satisfy some criteria. The criteria are; you must add a bank account, credit or debit card on your Klarna app which would be set for auto-repayment on the scheduled date. Meanwhile, with Klarna, you can use a debit card for financial transactions.
Most Klarna subscribers usually ask “Does Klarna Accept Chime? They want to know if they can make transactions between the Klarna app and Chime. However, the answer to this question is not far-fetched, we shall be discussing that in the subsequent sections. Stay tuned!
Does Klarna Accept Chime?
The answer is No. Klarna does not work with Chime. This simply means that there is no provision for Chime users to connect their account to Klarna and carry out financial transactions. But that is not the end of the road, interestingly, some Chime users have successfully linked their Chime credit builder card with Klarna. So if you have a Chime account and you don’t know how to link your credit builder card with Klarna, no worries! Chill and relax as I will be walking you through the steps to follow.
Does Klarna Accept Chime Credit Builder Card
Yes, Klarna accepts Chime credit builder cards. This builder card is a safe and secured credit card issued by Chime. The good news is that many Chime users have successfully linked their Chime credit builder card with Klarna and you too can link yours.
The successful linking of Chime credit builder card with Klarna is a good development because the scenario of payment decline has been reduced to barest minimum because you need to first of all fund your Chime secured credit builder card before linking it with your Klarna app.
Meanwhile, this successful linking Chime credit builder card with Klarna may not work perfectly for all the subscribers because the method is not fully proofed since some Chime users have not been able to use their Chime credit builder card with Klarna. Notwithstanding, we recommend that you give it a trial since huge success has been recorded so far.
Without further ado, if you have a Chime credit builder card, you can use the outlined steps below to try your luck to know whether it will work for you or not.
How To Add Chime Credit Card Builder To Klarna
In this section, I am going to succinctly pinpoint all the basic procedures that you must follow to be able to add your Chime credit to Klarna. The steps are outlined below;
- Download the Klarna app from Google Play Store and launch it appropriately
- Login with your correct details to access your dashboard
- Toggle to “My Klarna settings”
- Choose Payment method
- Now, enter your Chime credit builder card details
- Once you have done that, you need to follow the onscreen instructions carefully and you will be able to link your Chime credit builder card with Klarna. It is very simple.
Klarna’s Working Principle
Now that you know how to link your Chime credit builder card with Klarna, let’s quickly look at the modus operandi of Klarna platform.
First and foremost, you have to create a Klarna account, but before you can create an account, you have to first of all download the Klarna app and launch it appropriately. Interestingly, you can find the Klarna app in both App Store and Google Play Store depending on the devices you are operating.
Klarna’s principle is based on three different basic installment options and you can have access to the basic Payment options once you sign up. The installment options at Klarna are enumerated below;
- Four basic installment plan
- In 30 Days
- Long installment for 6 to 36 months
In the first option, Klarna offers an interest-free Payment Method called Four basic installment plan. Here, your bill will be split into four times and each Payment will be made every two weeks.
During the checkout, you will be required to make the first payment, then you will be allowed to pay the remaining bill biweekly for over six weeks. For convenience purposes, once you login to your Klarna app, you will be able to set up the automatic payment which will be made on the due date and you can also create the payment schedule using a linked credit or debit card.
For the 30 day payment method, you must pay off your bill within 30 days. You will be required to pay your bill within 30 working days. Interestingly, there is no interest or extra fees attached if you can pay your bill within 30 days as scheduled.
Finally, for the third option, Klarna offers a long term payment option for all your purchases. This is possible because Klarna collaborates with WebBank to offer financing methods ranging from 6 to 36 months.
Meanwhile, unlike the above options that don’t incur interest, this option attracts interest and additional charges since it is a long term repayment plan. Some you can opt for the method that suits you.
What Bank Does Klarna Work With?
Klarna works with all the renowned financial institutions that issue debit and credit cards. Meanwhile, Klarna does not accept AMEX cards when creating a one-time card.
However, Capital one does not allow their credit card to be used in making purchases from Klarna but you can use Capital one debit card for financial transactions in Klarna.
Does Klarna Accept Prepaid Cards
The answer is No, Klarna does not accept prepaid cards. Meanwhile, it accepts major debit or credit cards like Mastercard or Visa.
Which Card Does Klarna Accept
From the Klarna’s official statement, it revealed that they accept debit and credit cards from renowned financial institutions like Mastercard, AMEX and VISA, Prepaid cards are not accepted. But we recommend that if you want to use your card for Klarna purchases, ensure that it is either Mastercard or debit card.
What Loan Apps Work With Chime Bank?
There are numerous loan app that works with Chime which helps you to ease your financial burden, some of which include but are not limited to;
- Dave
- Cleo
- Albert
- Empower
- MoneyLion
- Varo
- Branch
Are Chime Transfers Instant?
Yes, Chime transfer is instant, though this is only possible at the first time that you add money to your Chime checking account. Anyways, it is easy, all you have to do is to link an external bank account, after that, add your debit card number, and you will be able to add a minimum of $200 instantly and that’s all.