Maplin adopts ‘buy now pay later’ service

Maplin has announced it will offer a ‘buy now pay later’ service for customers.

Maplin customers will be able to order products online and pay for them either at a later date, or choose to spread the cost over time.

Partnering with Klarna, Maplin’s pay later concept enables customers to make a purchase of £200 or less and pay for them 30 days later, with no interest or fees. Alternatively, Maplin customers can choose Slice It at the checkout, which allows shoppers to spread the cost of purchases up to £600 over equal monthly payments.

Klarna’s consumer finance requires a four-step application and customers will receive their credit in real time.

Alexander Allen, services director at Maplin, said: “Making sure our customers have the best possible user experience is of the utmost importance to us. With more people than ever shopping online, the payment flexibility provided by Klarna’s solutions is a real added benefit for our shoppers.”