Want More Payment Methods on Magicycle? Klarna is Coming! (US Only Now)

Magicyclebike Feb 23, 2022

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Klarna is the world leading payment service company based in Sweden serving over 90 million active customers all around the world. Magicycle is now cooperating with Klarna to provide our customers various flexible payment methods. (US Only Now)

By downloading Klarna application, you will be able to get your Magicycle electric bikes by using 4 different payment methods as follow:

Pay Now

With Klarna Pay Now, buyers can pay directly from their bank account. Buyers select their own bank when they select "Pay Now" in the payment window. Then enter the information to pay.

Pay Later

Klarna's ‘30-day payment’ allows buyers to receive orders early and pay within 30 days, without any interest or fees. Buyers can pay off the balance early or apply for a deferment in the klarna app.

Pay in 4

Buyers could split purchases into 4 equal interest-free payments. Klarna collects the first payment when buyers check out and the remaining are collected every 2 weeks without any interest or fee if buyers pay on time.

Financing

Klarna financing can reduce the amount of installments. Klarna Financing gives you the flexibility to buy now and spread the cost with monthly payments. Klarna offers 12, 24 or 36 months as long as the buyer fills in some simple personal information. Different forms have different interest methods. When a buyer pays, a credit check running in the background will assess whether the buyer is eligible for consumer financing and what monthly installments are available. The annual interest rate will be 19.99%.