\\\ Pet Christmas
Shop’Buy Now and Pay Later’ Pet Sites
Helping shoppers to spend more online
2020 has not only seen a massive rise of online shopping during imposed lockdowns in the UK but a ‘BNPL’ explosion to fund Christmas purchases, as reported recently by The Sunday Times.
Swedish based Klarna was the first company that came to our attention a few years or so ago, flooding UK customers helping them to spread the cost of their shopping by making 3 interest-free instalments, automatically charged from their card every 30 days when purchasing from their huge business partner portfolio, predominantly fashion and beauty, accessories and home retailers.
With an easy to use and extremely appealing app to young fashionistas, this revolutionized the problem of shopping fashion online where clothing sizes are not standardised between brands and customers were ordering several colours and differing sizes in the hope that one garment may fit them. Their bedrooms became fitting rooms.
That left the problem of returning the unwanted items and where large sums of money were being taken from their bank accounts, then having to wait for the slow refund process offered by retailers sometimes leaving the customer in hundred pounds of debt.
Klarna was most definitely the answer and has risen to such prominence with a 24/7 support service, a product return service letting you stall the payment service whilst items are returned, coupled with a tracking service of your purchases.
The service is free to customers as long as they stick to the three payment schedules which is crucial to their business model. Klarna has it all.
At the start of the year Klarna reported that 6 million UK customers spent an average of 25pc more using their site than buying by traditional methods.
Klarna and their growing host of rivals tap into the fashion 20-30 age group who in the current global pandemic are finding it harder than ever to get credit from traditional high street banks and credit card firms.
However, keeping up growth, more and more luxury pet retailers are now offering Klarna and the host of other BNPL operators such as Clearpay, Paypal Credit, Amazon, Apple credit houses, and smaller less known US businesses, Sezzle, Afterpay, Affirm, Splitit, ViaBill and Partial.ly, with Australian contender Laybuy
With more than 208,000 reviews and 10 million downloads of the Klarna app, it’s quietly replacing the concept of credit cards, which require more affordability checks about their applicants and are heavily regulated.
The customer transactions are not recorded as a consumer debt by the UK registered agencies and in recent times, as more consumers battle with their finances caused by the effects of COVID-19, the true problems of debt begin to emerge according to one Bank executive at Capital One Card in USA, who are now trying to crack down by blocking some purchases. The UK banking arm are keeping ‘matters under review’.
Savvy Shoppers will continue to use BNPL cards particularly for purchasing pet Sale items
Whilst we would never advocate getting yourself into financial difficulties, it makes sense to take advantage of such offers for larger items such as dog beds or unexpected vet bills when discounted in the Sales. It allows you to buy that quality item that perhaps you may have passed by or introduce you to a new shop.
A quick pet retailer search provides such a diverse selection offering Klarna including >
- Luxury dog beds, pet houses and pet gifts retailer Cox and Cox
- Luxury dog retailer Barc
- Dog accessories by Joules
- Luxury dog needs by Bone And Home
- Dogs cats and rabbit purchases at Wayfair
- Luxury online retailer Labrador and Lords
- Pay for vets services using Vets4Pets
- Protection solutions for the outdoors for your dog, cat or other pet Protect a Pet
- Selection of pet beds, accessories and gifts by Country Attire
- Shop for quality pet beds and accessories John Lewis
\\\ Feature Image courtesy Cox and Cox Other images Freepik