Published
November 5, 2024
John Lewis has expanded its buy now, pay later (BNPL) option for its customers, partnering with major lender Klarna to now include fashion and beauty purchases.
Using the app, the department store group’s online customers can now choose to check out with an interest-free ‘Pay in 3’ product to spread the cost of their purchases over 60 days.
The first payment’s made at the time of purchase, followed by two subsequent payments at 30-day intervals.
It builds on the the Partnership’s BNPL offer on certain nursery and electrical products when shoppers spend £500-£1,500.
John Lewis Money director of credit and banking Andy Piggott said: “We’re committed to making it easier for customers to manage their budgets with a range of flexible and secure ways to pay.
“We hope that the introduction of Klarna will make John Lewis even more accessible and help attract a new customer that may not have traditionally shopped with us.”
BNPL is used by so many companies now and is such a popular option for consumers that any retailers not offering it could be at a disadvantage. Given the price level of some of the department store’s premium fashion and beauty items, the addition of Klarna to these categories makes strong commercial sense.
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