The 'buy now, pay later' service Klarna will begin to charge users un the UK for missing payments this month
Klarna users have been issued a two-week warning as up to £10 fees are set to be introduced for those who miss a payment.
In an email sent to customers titled 'Important message from Klarna', the service stated that users will be hit a £5 late fee for payments that remain unpaid for seven days. "Late fees will only be applied if a payment remains unpaid after the due date has passed. At the same time, we’re doing lots to help you avoid missing a payment, including offering automatic payments, sending friendly reminders, and applying a grace period before we charge a fee."
Top Trending Stories Today This month, the UK Government's HM Treasury launched a consultation to see if buy now, pay later services could be brought under Financial Conduct Authority regulation.How the fees will work When you purchase an item with Klarna you will be given a due date for payment. The service allows you to either pay them back inside 30 days or in 14 days through three instalments.
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