Shop at Harrods now…pay later: Shoppers at luxury store will be able to use buy-now-pay-later scheme Klarna to purchase goods under new partnership
- Klarna are offering their buy-now-pay-later at across five Harrods departments
- It was introduced last Christmas as a pay-in-three option for beauty purchases
- Shoppers can choose the option at checkout at the brand’s Knightsbridge store
- The website reminds people to ‘please spend responsibly’
Cash-strapped luxury shoppers can now spread the cost at Harrods using the buy-now-pay-later scheme on Klarna.
Harrods, the shop that can only be described as the epitome of British poshness, where prices top £70,900 for a single necklace, has spread the scheme across five departments.
It was initially introduced last Christmas as a pay-in-three spread the cost option for beauty purchases, however, it has since expanded to cover beauty, womenswear, menswear, homeware – and even food.
Despite the additional changes, users still only have the option to spread the cost in three instalments.
Harrods have introduced a buy-now-pay-later scheme under a new partnership with Klarna
The Harrods’ website boasts: ‘We’ve teamed up with Klarna so you can pay for the things you love with zero interest,’ and even encourages shoppers to ‘fill your shopping bags.’
Shoppers can even choose the option at checkout at the brand’s flagship Knightsbridge store.
With the most expensive item of women’s clothing currently on the site being an Yves Salomon hooded fur coat – priced at a staggering £52,200 – shoppers could purchase this for £17,400 a month using Klarna.
The website suggests that users of the in-store shopping option should first ‘go on a shopping spree.’
It adds: ‘Harrods is not a lender and acts only as an introducer. Please spend responsibly.
‘Missed payments may affect your ability to use Klarna in the future. Klarna’s Pay in three instalments and Pay in 30 days credit agreements are not regulated by the FCA. 18+, UK residents only.
‘No interest, no fees. Credit subject to status.’
The website warms users to be cautious with their spending: ‘Harrods is not a lender and acts only as an introducer. Please spend responsibly.
At the time of the initial partnership announcement, Luke Griffiths, Chief Commercial Officer at Klarna, said: ‘Harrods is one of the most recognisable brands across the globe with a footprint and heritage that is unrivalled within the luxury retail space.
‘We are excited to bring our payment products to Harrods customers across Europe and the US, offering them the option to buy goods how and when they want.’
Alex Unitt, Partnerships Director at Harrods, said at the time: ‘Harrods is known for providing a first class shopping experience, and this latest partnership with Klarna enables us to give our Harrods customers maximum flexibility and convenient payment options.
‘We’re excited to bring Klarna to our iconic beauty halls in Knightsbridge, as well as H beauty, our beauty emporiums in Essex and Milton Keynes, and across Harrods.com.
‘Klarna’s market-leading payments products will enable us to continue supporting existing customers’ payment needs, as well as enabling a greater breadth of customers to access Harrods’ unrivalled selection of international brands and products.’
Klarna and Harrods have been contacted for comment.
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