What happens when you can't pay the installments?
I quickly looked this up.
If we are unable to collect the payment on the scheduled date, we will try again. If that payment attempt also fails the missed payment will be added to the amount of the next scheduled payment. Late fees may also apply. Please check the terms and conditions of your order for details.
Another site claims the late payment fee is $7.
I also saw you pay a 1 or 2 dollar fee for using the service in the first place. Unless you of course you are a member of their $7.99 a month Klarna subscription service!
No irony there.
They also offer short term loans with a low APR of 33.99%!
I'm thinking of financing a carton of Newports with it.
I'm not even joking here, I just got back from Australia and a single pack of cigarettes was $65 AUS. I'm guessing it was about $40 USD. I'm not sure how much a carton would cost, but some people would definitely need to finance that.
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