The major deals at Walmart Super Savings Week aren’t the only big news from the retailer. Over the next few weeks, Walmart will begin rolling out new buy now, pay later (BNPL) features integrated directly into the retailer’s checkout.
The change comes after a recent announcement that Walmart would make Klarna its exclusive BNPL partner, ending its agreement with Affirm, the BNPL service shoppers currently see when shopping online at Walmart (and on Amazon).
Shoppers will see Klarna installment loan options integrated into Walmart’s checkout in the next few weeks and the retailer says you’ll see the option rolled out across all Walmart channels by the holiday season later this year.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
While the installment plans offered by Klarna and Walmart’s previous BNPL partner, Affirm, are similar, the switch will impact how Walmart shoppers use installment payments both online and in stores. Here’s what to expect.
How Klarna will change buy now, pay later options for Walmart shoppers
While shoppers can technically use Affirm at Walmart to pay for purchases in stores right now, the process isn’t quite as seamless as it’s likely to become after the switch to Klarna. To pay in store, you need to go into the Affirm app on your phone, apply for financing, get approved, and then scan the barcode that appears on your phone at checkout.
As part of the partnership with Klarna, Walmart will integrate the installment loan provider directly into OnePay, a digital wallet app. The digital wallet already lets you add multiple payment options and pay with your phone at checkout or online. It also offers shoppers cash back at Walmart, regardless of which payment method they use through the app.
After the upcoming rollout, those shoppers will be able to choose from a variety of Klarna payment plans, ranging from three to 36 months, through the same app. They’ll also be able to manage their payment plans all in the same app. Between Klarna integrations on OnePay and a Walmart Plus membership, shoppers will soon enjoy more flexibility than ever in ordering and paying for purchases.
More details on exactly how the new feature will work are likely to come in the next few weeks as Walmart rolls out the new feature.
Related content
-
Sam's Club Plans Aggressive Expansion: Discover Its New LocationsSam's Club expansion plans will open up to 15 new stores each year. Learn where they plan to open in 2025.
-
What Is the Buffett Indicator?"It is better to be roughly right than precisely wrong," writes Carveth Read in "Logic: Deductive and Inductive." That's the premise of the Buffett Indicator.
-
Sam's Club Plans Aggressive Expansion: Discover Its New Locations
Sam's Club expansion plans will open up to 15 new stores each year. Learn where they plan to open in 2025.
-
REAL ID Deadline for Domestic Flights Is Coming — Here’s What to KnowWorried about needing a REAL ID soon? Learn more about the requirement, how to get your ID and valid REAL ID alternatives.
-
How to Get Apple TV Plus for just $2.99For a limited time, you can get three months of Apple TV Plus for just $2.99 per month. Here’s how to get the deal.
-
Don’t Panic About the “Retail Blackout” – See Which Stores Are Closing (and Which Aren’t) for Easter 2025Dozens of major retailers are planning to close their doors on April 20. Find out which of your go-to stores are on the list.
-
Home Insurance: How to Cut Costs Without Losing CoverageNatural disasters are causing home insurance premiums to soar, but don't risk dropping your coverage completely when there are ways to keep costs down.
-
Why Homeowners Insurance Has Gotten So Very ExpensiveThe home insurance industry is seeing more frequent and bigger claims because of weather, wildfires and other natural disasters.
-
Zelle App Shut Down? Why Zelle Has Discontinued Its AppWith the Zelle app shut down, learn how you can still use Zelle and which other mobile payment apps you might want to consider.
-
Use This 1-Year CD if You’ll Owe Taxes Next YearA one-year CD allows you to set money aside now for taxes you'll owe next year. We'll show our best choice.
