Moneyzine
/Loan Guides/Klarna Alternatives

10 Apps Like Klarna 2024: Best Buy Now, Pay Later Apps with No Credit Check

Discover the best apps like Klarna. Which “buy now, pay later” companies offer guaranteed approval?
Lauren Bedford
Author: 
Lauren Bedford
Derek Sall
Editor: 
Derek Sall
Deepti Nickam
Fact Checker: 
Deepti Nickam
20 mins
November 30th, 2023
Advertiser Disclosure

You’d like to give Klarna a go, but you got declined. Or maybe—with rumors of reluctant return policies, annoying approval rates, and a spending limit that goes up and down with no warning—trying other options doesn’t seem like a bad idea.

There are plenty of other payment plan apps that give Klarna a run for its money and will get you those shiny new sneakers in no time.

This article will tell you
  • Everything you need to know about Klarna.

  • Our guide to the best apps like Klarna.

  • What you need to know about payment plan apps.

  • How to choose the right pay over time app.

  • A summary of the best websites with payment plans.

10 Apps Like Klarna 2023: Best Buy Now, Pay Later Apps with No Credit Check

A “buy now, pay later” (BNPL) app is a platform that lets you purchase items and pay overtime in equal installments—usually every two weeks.

This is a great solution for those who can’t afford to pay the total amount upfront as you can spread out the overall cost—typically with no interest and minimal fees.

Before we see how our top picks compare, here’s an overview of the best apps like Klarna:

Best Buy Now, Pay Later Companies: Overview of Klarna’s Competitors

Here’s how Klarna stacks up against the best buy now pay later sites:

APP

BEST FOR

SPENDING LIMIT

INSTALLMENT LENGTH

LATE PAYMENT FEE

LEARN MORE

Klarna

Long-term length

Varies

Up to 24 months

$7

Learn more

Sezzle

Rewards

$0–$2,500

Up to 6 weeks

$0

Learn more

Splitit

International users

$0–$10,000

2–12 months

Depends on the card issuer

Learn more

Affirm

Large purchases

Up to $17,500

3–12 months

$0

Learn more

PayPal Pay 4

PayPal users

$30–$1,500

Up to 6 weeks

$0

Learn more

Afterpay

In-store payments

$200–$2,000

Up to 12 months

$10

PerPay

Credit building

At least $200

Varies

$0

Learn more

Zip

Paying bills

$350–$1,000

Up to 6 weeks

$7

Learn more

Zebit

Shopping in one place

$750–$1,500

Up to 6 months

$0

Learn more

Bread

Loan alternative

$50–$1,000

Up to 6 weeks

$10

Learn more

GoCardless

Business owners

N/A

N/A

N/A

Learn more

Is Klarna the Best Pay Later Service?

Klarna is the top dog in the pay-later apps arena, with over 150 million users and over 450,000 merchants across 45 different countries.

Before we dive into our best buy now, pay later sites, let’s see what Klarna brings to the table

APP

BEST FOR

SPENDING LIMIT

INSTALLMENT LENGTH

LATE PAYMENT FEE

LEARN MORE

Klarna

Long-term length

Varies

Up to 24 months

$7

Learn more

Touching all the fluffy cushions and smelling all fifty candles in the store before deciding on your perfect living room scent is fun until you have to cough up a lot more than you expected.

Klarna makes the checkout experience a little less daunting by offering different forms of payment:

  • Pay now (full amount).

  • Pay in 30 days.

  • Pay in 4 or Pay over time.

The Pay in 4 option lets you split the cost into four interest-free payments to be paid every two weeks. But if you need more time or you’re making a larger purchase, some merchants will let you pay installments over 24 months.

Their 30-day try-before-you-buy feature lets you trial-run products and pay in a month if you’re happy with your purchase. Suppose you decide your new flamingo pink cushion clashes with your sunflower yellow couch, you’re free to return it within 30 days—as long as there’s no damage.

Klarna’s shop list is packed with big labels that cover electronics, fashion, beauty, and home products. They also promote conscious brands, as well as female and black-owned stores.

With so much choice, we wouldn’t blame you for indulging—but you can easily keep track of all your spending on the app or the Klarna Chrome extension.

Why we like it

  • Wide range of stores to choose from.

  • Various payment options.

  • No interest fees.

Note that

  • $7 late payment fee.

  • No opportunity to build credit.

10 Best Klarna Alternatives

Klarna might be winning the popularity contest at the moment, but it’s not the only buy now, pay in instalments platform.

Here’s a breakdown of the best companies like Klarna—

Sezzle

APP

BEST FOR

SPENDING LIMIT

TERM LENGTH

LATE PAYMENT FEE

LEARN MORE

Sezzle

Rewards

$0–$2,500

Up to 6 weeks

$0

Learn more

Whether it’s that perfect pair of sneakers or the kiss-up Christmas gift for your boss—you’re certainly not going to buy the first thing you see (especially with that festive bonus on the cards).

Sezzle offers over 48,000 brands to choose from—and you can split the cost into four interest-free payments over six weeks.

In most cases, you’ll pay a down payment of 25%, then pay the remaining balance every two weeks.

Unlike your boss, who ignored your flashy Christmas tie gift, Sezzle will reward you for your efforts—you can earn some Sezzle Spend for promotions or by paying for items in-full.

Sezzle Rewards also dishes out points when you make purchases with specific merchants.

Why we like it

  • No impact on your credit score.

  • You can opt-in for credit reporting.

  • Sezzle is a socially conscious BNPL company.

Note that

  • $5 payment reschedule fee.

  • $10 account reactivation fee.

Splitit

APP

BEST FOR

SPENDING LIMIT

TERM LENGTH

LATE PAYMENT FEE

LEARN MORE

Splitit

International users

$0–$10,000

2–12 months

Depends on the card issuer

Learn more

You’ve splashed out on a new coffee machine and you’re keen to use all the fancy features (no more daily Starbucks trips). Likewise, if you’ve got a credit card—you’ll want to make the most of all the benefits and rewards that come with it.

Splitit makes that possible by authorizing purchases on your existing credit card, where they’ll hold the balance until the final payment is made. You’ll get charged a portion of the price—then pay monthly installments until it’s all paid off.

With no new financing, you can get all the rewards, insurance, and protection that come with your current credit card—and you won’t need to pay any extra fees or interest beyond what your existing card charges.

Why we like it

  • No credit check.

  • You can charge payments to your rewards card.

  • Long-term length.

Note that

  • No debit cards.

  • Various interest rates and fees, depending on your card issuer.

Affirm

APP

BEST FOR

SPENDING LIMIT

TERM LENGTH

LATE PAYMENT FEE

LEARN MORE

Affirm

Large purchases

Up to $17,500

3–12 months

$0

Learn more

If you’ve got your eyes set on that fancy memory foam pillow, payment plan apps are great for helping you spread the cost over a couple of months.

But what about bigger purchases?

With Affirm, you can pay monthly installments for up to three years—so you can afford to buy a whole new mattress and some satin bedsheets to match.

You’ll pay your first installment upon payment, with the rest being billed to your debit card, checking account, or credit card.

Three years is a long time—so if you’re the forgetful type, you can set up AutoPay for automatic payments. You can also download the Affirm Chrome extension to keep tabs on your spending.

Why we like it

  • No fees with a no-interest option.

  • Some loans will report to the credit bureaus.

  • High spending limit.

Note that

  • Some monthly plans can charge up to 30% interest.

  • You can’t reschedule payments.

  • Your credit score could be negatively impacted if you fail to pay after 120 days.

PayPal Pay 4

APP

BEST FOR

SPENDING LIMIT

TERM LENGTH

LATE PAYMENT FEE

LEARN MORE

PayPal Pay 4

PayPal users

$30–$1,500

Up to 6 weeks

$0

Learn more

PayPal has been in the game for a long time—and with over 432 million usersi, it’s not showing signs of slowing down. In 2020, the company decided to jump on the “buy now, pay later” service bandwagon by introducing Pay 4.

The platform does what it says on the tin—you pay 25% upfront, then they’ll split your purchase into four payments every two weeks.

And because PayPal is such a big player, you’ll be able to use Pay 4 across thousands of retailers—with no hidden fees or interest to catch you out.

You’ll need a PayPal account to get started—just keep in mind that you won’t be able to use your PayPal balance to make payments as they charge everything to your credit or debit card.

Why we like it

  • No late fees, pre-payment penalties, or interest charges.

  • Payment plans with 9.99%–29.99% APR for larger purchases.

  • Accepts debit cards.

Note that

  • No hardship protection.

  • For Paypal users only.

  • Missed payments could harm your credit score.

Afterpay

APP

BEST FOR

SPENDING LIMIT

TERM LENGTH

LATE PAYMENT FEE

LEARN MORE

Afterpay

In-store payments

$200–$2,000

Up to 12 months

$10

Learn more

Shop now pay later apps sound ideal on paper—but with kids running around and deadlines to meet, it can be easy to lose track of payments.

Afterpay helps you by sending reminders, having an automatic payment system, and offering a ten-day grace period.

Like other pay-over-time apps, Afterpay splits your payment into four interest-free installments, which you can pay back over six weeks.

To save time, you can also set up the digital Afterpay Card, add it to your Apple or Google Wallet, and quickly tap away.

You can shop from millions of products online, or venture out to do some good, old-fashioned in-store shopping.

Why we like it

  • Has a rewards program.

  • No hard credit check when applying.

  • Hardship policy.

Note that

  • Does not report to the credit bureaus.

  • $8 fee for late payments.

PerPay

APP

BEST FOR

SPENDING LIMIT

TERM LENGTH

LATE PAYMENT FEE

LEARN MORE

PerPay

Credit building

At least $200

Varies

$0

Learn more

So your cat tore up half your couch. Getting a loan would be great, but your poor credit score is holding you back.

Well, PerPay lets you pay in installments for up to a year and build your credit up—free from any credit check.

The company promises you can increase your credit score in just four months by making on-time payments—which they’ll report to the three major credit bureaus.

Unlike with your overly excited pets, you can take control of your outstanding balance and spending limits with PerPay using their Account Summary and PerPay Dashboard features.

You can also set up automatic payments, so you always pay up on time and work towards getting a better credit score.

Why we like it

  • Opportunity to increase your credit score.

  • Over 1,000 top brands.

  • No interest or late payment fees.

Note that

  • You can only buy from the Prepay Marketplace.

  • Payments are made through automatic paycheck deductions.

  • You must maintain full-time employment to hold an account.

Zip

APP

BEST FOR

SPENDING LIMIT

TERM LENGTH

LATE PAYMENT FEE

LEARN MORE

Zip

Paying bills

$350–$1,000

Up to 6 weeks

$7

Learn more

We live in a world where credit bureaus are always watching. Whether you forget to pay a bill, fall into debt, or take out a loan for the swimming pool you’ll only use 30 days a year—your credit can start to drop.

Zip, however, lets you fly under the radar and pay over time with no impact on your credit score.

Zip also doesn’t report to the credit bureaus—bad news if you want to build credit, but good news if you want to protect your score if you miss a payment.

Their no-credit-check payment plan lets you pay 25% at the checkout, then another 25% every two weeks, across six weeks.

Zip also sets itself apart from other pay-later apps by letting you pay everyday bills and utilities.

The app will pay the bill for you, and you’ll need to pay them back in installments (whether that’s monthly, fortnightly, or monthly—the choice is yours).

Why we like it

  • International access.

  • Opportunity to pay utility bills.

  • Advance notifications.

Note that

  • $5–$10 for late fees.

  • $1 convenience fee per installment.

  • No option to turn off automatic payments.

Zebit

APP

BEST FOR

SPENDING LIMIT

TERM LENGTH

LATE PAYMENT FEE

LEARN MORE

Zebit

Shopping in one place

$750–$1,500

Up to 6 months

$0

Learn more

Shopping online, all tucked up in bed, sounds great, until you realize you’ve spent the last three hours looking through endless online stores—and all you’ve got is over 50 tabs to show for it.

If you’re a three-tab maximum kind of person—Zebit lets you browse all their items in one place.

The Zebit Marketplace has around 175,000 products and over 1500 top brands across more than 80 different categories.

Once you decide on your purchase, you’ll make a down payment between 20% and 30%—and pay the rest in installments (the frequency and amount depending on how often you get paid).

And no worries if you’ve got poor credit—Zebit doesn’t do a credit check, but it’ll look at factors from their own eligibility requirements before you can start spending.

Why we like it

  • Up to six months to pay back installments.

  • They evaluate orders to encourage responsible spending.

  • No hidden fees after payment.

Note that

  • Spending limit can change depending on your repayment history.

  • Does not report to the three major credit bureaus.

  • Limited to the Zebit Marketplace products.

Bread

APP

BEST FOR

SPENDING LIMIT

TERM LENGTH

LATE PAYMENT FEE

LEARN MORE

Bread

Loan alternative

$50–$1,000

Up to 6 weeks

$10

Learn more

Unlike the other Klarna competitors, Bread goes against the grain and does things a little differently.

You can make purchases over time by applying for a short-term loan, which you can then use to buy from participating retailers and pay off the full amount in fixed monthly loan payments.

And just like standard loans, Bread reports to the three credit bureaus, so you can boost your credit score by making on-time payments.

Other handy features include their prequalification process and the chance to review loan terms and the exact amount and interest you’ll pay before you commit.

Why we like it

  • On-time payments are reported to the three credit bureaus.

  • No prepayment penalty.

  • SplitPay option.

Note that

  • Doesn’t refund interest on returned items.

  • Limited retailer options.

  • You can’t repay the loan with a credit card.

GoCardless

APP

BEST FOR

SPENDING LIMIT

TERM LENGTH

LATE PAYMENT FEE

LEARN MORE

GoCardless

Business owners

N/A

N/A

N/A

Learn more

We thought we’d throw one in for all you business owners out there. Like Klarna, GoCardless works like an installment payment app—but this one targets businesses that are collecting payments.

Dealing with customers can be hit or miss (especially when it comes to money). To smooth things over, GoCardless helps businesses collect the cash, either as instant, one-time payments or scheduled installments.

GoCardless take care of all the tedious admin work, with an easy-to-use dashboard and their Automate Admin feature, which you can connect to your accounting system.

And if you’ve got your sights set on taking over the world, you’ll be happy to know that GoCardless accepts payments from all over the globe (including the US, Canada, and the UK).

Why we like it

  • Automatically recover failed payments.

  • Fraud protection.

  • Collects direct payments.

Note that

  • An additional fee of 0.3% applies to transaction values above $1,000.

  • Failed payments are only recovered 70%.

How We Picked Our Best Buy Now, Pay Later Apps

When it comes to cash, it’s important to know that your money will be well looked after—and that you’re getting a good deal.

To track down the best buy now pay later companies, we spent many hours looking through and comparing various factors, such as:

  • Spending limits

  • Installment length

  • Extra fees and interest

  • Additional features

  • Eligibility requirements

  • Customer reviews

We understand that everyone has different preferences, so we’ve included a variety of pay later apps that will appeal to your range of needs—whether that’s shopping in one place, or being able to build up your credit score.

What To Know About Companies Like Klarna

As you shop around for the best pay-later apps, it’s handy to understand all the lingo and features to help you find the right payment plan for you—

Instalment lengths

Many payment plan companies (like Pay 4, Sezzle, and Zip) will ask you to pay four installments every two weeks across six weeks.

But, if you’re planning on making a larger purchase or need more time to pay the full amount—some pay-later apps will extend the term length.

For example, Zebit lets you pay up to six months, Affirm and Afterpay up to 12 months—and Klarna comes out on top with a term length of up to 24 months.

Fees

There’s nothing that brings everyone together like a shared dislike for extra fees. Many buy now, pay later options can charge up to $10 if you’re late on a payment, so remember to always pay everything on time.

And if you’re the type who’s always looking for their car keys—go for apps that have automated payments or notifications to give you a gentle reminder.

Other apps like Klarna will simply shut down the account if you fail to make the payment on time. In that case, you could get charged a reactivation fee to open the account again.

You might also get charged a small convenience fee (the amount charged by businesses to cover the cost of transactions).

Spending limits

Most pay-over-time apps come with a fixed spending limit, although these amounts can vary depending on the payment plan.

If you tend to spend beyond your means, you might want to get a lower spending limit to keep yourself from splurging.

But if you’ve got your eyes set on some bigger purchases (and you can afford the installments), you can opt for apps with larger limits, like Affirm and Splitit.

Some apps will adjust the spending limit depending on your history with the company and your credit score.

Klarna doesn’t have a predefined spending limit—instead basing your Purchase Power on factors like your payment history and outstanding balance.

How To Choose the Best Buy No Pay Later App

Now that you know what to look out for, let’s take a look at some key considerations when deciding on the best pay later app for your preferences.

Buy now pay later credit check

Say, it’s finally time to replace your oven. But with payday over a month away and a less-than-impressive credit score, applying for a loan is risky business.

But, good news for you—you’re unlikely to be rejected for poor credit as many payment apps like Klarna don’t require a good credit history.

Some might do a soft check to determine your spending limits—but this won’t dent your credit score.

Pay-over-time apps, like Bread and Prepay, even report to the three major credit bureaus (Experian, Equifax, and TransUnion) so you get the chance to build credit by making on-time installment payments.

Buy now pay later guaranteed approval

Nothing in life is guaranteed, and the same goes for buy now, pay later apps—but some are easier to be accepted for than others.

For example, these are the eligibility requirements of Klarna:

  • Be a resident of the US or its territories.

  • Be 18 or over.

  • Have a bank card or bank account.

  • Have a positive credit history.

  • Have a phone to receive text codes.

Most apps like Klarna will need you to be over 18 with proof of residency and a valid phone number, while apps such as Splitit only require a Visa or Mastercard.

Eligibility requirements vary across apps—so be sure to check them out before applying.

Buy now pay later bad credit

Many pay-over-time apps tend to be forgiving of bad credit—as long as you meet their other eligibility requirements.

Apps like Sezzle and Afterpay will run a soft credit check to determine your spending power, but other apps like Splitit don’t consider your credit score at all.

A soft credit check involves your credit report being pulled up and checked by the payment plan company—but this won’t affect your credit score, even if it leads to you not getting accepted.

Online Stores With Payment Plans

Here are some top websites with buy now pay later plans offering online shopping with financing from apps like Klarna, Affirm, and Sezzle:

  • Amazon

  • Target

  • eBay

  • Best Buy

  • Walmart

  • Apple

  • Home Depot

  • Bloomingdale’s

  • Nike

  • Dell

  • Sephora

  • Target

  • Lego

  • Samsung

  • Gap

And there are a ton more websites with payment plans out there—just check out the payment options on the store website for more details on how to pay.

Key Takeaway

SUMMARY

We’ve given you everything you need to know about services like Klarna—and if you’ve made it this far, you’re probably ready to get started.

However, before diving in, make sure you can afford to pay back the installments.

If paying off the full amount is going to be a challenge, using these apps could damage your credit score or get you into debt.

Our advice is to plan how you’ll pay back the installments before you commit—there’s also no harm in leaving some wriggle room in your budget.

FAQ

What are the best shopping payment plans?
Can you pay in installments for online shopping?
Is there an app to pay bills in installments?
SOURCES

Related Content

Best Free Debt Snowball Spreadsheet for Excel to Download in 2024
Debt is like a kiddie swing at your local playground—fun to get into, but a nightmare to get out of. The temporary fix with years of consequences.
January 18th, 2024
Best Financial Tools
Here at Moneyzine, also provide resources for those looking to invest, save, and build wealth. From trading app recommendations to a practical car lease calculation spreadsheet, we cover a wide spectrum of financial topics to meet your diverse needs.
December 13th, 2023
The below investment apps have been researched, reviewed, confirmed, vetted, re-vetted, and then ranked based on eight categories: account minimum, trading costs, account fees, selection, ease of use, sign-on bonus, education, and customer service. These are the investment apps that made the grade.
March 1st, 2024
LifeAndMyFinances Acquisition
Big News: LifeAndMyFinances has been acquired by Moneyzine.
December 5th, 2023
Passive Income
December 15th, 2023

Contributors

Lauren Bedford
Lauren is a published content writer and journalist. In the last five years, she has written about a range of subjects, including business, technology, and finance. She was born in June 1994 in the UK, but relocated to Barcelona five years ago. Initially covering topics like business and technology, Lauren is now dedicated to her position as a personal finance journalist and is always keen to keep learning and evolve as a finance writer.
Derek Sall
Derek has a Bachelor's degree in Finance and a Master's in Business. As a finance manager in the corporate world, he regularly identified and solved problems at the C-suite level. Today, Derek isn't interested in helping big companies. Instead, he's helping individuals win financially — one email, one article, one person at a time.
Deepti Nickam
Fact Checker
Deepti Nickam
Deepti is a content writing and marketing professional with 5+ years of experience in the B2B and B2C sectors. She has written about several subjects, including finance, project management, human resources, and more.
Moneyzine 2024. All Rights Reserved.