Rite Aid offers buy now, pay later payment in stores
Rite Aid is partnering with a global payments network to provide in-store shoppers flexible, interest-free payment options.
The drugstore retailer is teaming up with Klarna to make its “Pay in 4” buy now, pay later option available across all of its stores. Rite Aid shoppers with a Klarna account can now pay for their purchases over time with no interest and no added fees as long as payments are made on time.
Klarna’s integration with the Rite Aid in-store checkout process enables eligible customers to use the “Pay in 4” option to purchase products including everyday essentials, health and wellness items, and over-the-counter medicines.
"We continue to enhance the in-store shopping experience with modern, flexible services so everyday shopping is simpler and more accessible," said Jeanniey Walden, chief marketing officer at Rite Aid. "This collaboration with Klarna reinforces our dedication to customer-centric solutions that empower our customers to make purchases with confidence and ease, while maintaining access to the essential products they rely on."
Rite Aid is not accepting Klarna payment methods for certain products, including prescriptions or doctor services. Rite Aid customers using Klarna’s Pay in 4 payment option need to create a Klarna digital card in the Klarna app for use at checkout.
The first payment is due at checkout, followed by three interest-free payments due every two weeks. Customers can track their payments and receive reminders through the Klarna app.
[READ MORE: Klarna in partnership to bring buy now, pay later to physical stores]
"We're excited to introduce Klarna’s interest-free flexible payment options in Rite Aid stores, giving shoppers the freedom to manage their purchases — from everyday essentials to special purchases that surprise and delight, like new health and beauty products," said Erin Jaeger, head of North America at Klarna.
Rite Aid, which filed for bankruptcy in October 2023 and closed hundreds of stores, recently exited bankruptcy as a private company with a new CEO, a smaller store footprint and less debt.
As of Sept. 3, 2024, Rite Aid operated 1,552 stores in 16 states, according to its website. The chain recently announced it would be closing all of its locations in Michigan.
