Buy Now Pay Later Guide
Buy Now Pay Later in Ireland
BNPL are alternatives to traditional loans and credit cards. BNPL usually allows you to purchase an item and pay it off over an agreed number of monthly installments.
Who offers Buy Now Pay Later in Ireland?
A few traditional retailers like Littlewoods and Argos have been offering them here for years.
Klarna launched in Ireland in late 2021. As of March 2022, they offer buy now pay later directly with 21 retailers. Klarna is an option at the online checkout at these merchants. As a customer you can choose to pay in three instalments with no fees or interest charged if you make your payments. The Klarna app also has a feature called 'Shop Anywhere'. When you click through to any of the thousands of online merchants listed in the Klarna app, you have the option to pay in 3 instalments. 'Shop Anywhere' only works if you click through from the Klarna app.
Humm (formerly Flexi-Fi) is the largest-scale provider of point with over 800 retailers including Woodies DIY, Samsung and Harvey Norman offering BNPL:
Humm's plan types differs by merchant. Typically lower purchases attract no fees or interest with fees added on higher purchases. Some merchants offer a number of options for example Harvey Norman offer:
No interest ever on purchases up to €499.99: pay 20% upfront and the remainder in fortnightly payments over 8 weeks. No fees or interest.
Low interest on purchases between €500 and €999.99 with €43.68 in fees and interest over 12 months. In total it would cost you 4.4% more than buying upfront.
Two options were you can spread payments out over 2 or 3 years. Based on Harvey Norman’s website, once interest and fees are added, these options add between 5.5% - 8% to the upfront price.
These require credit approval, so read the terms before applying!