Sephora introduces online installment payments

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Sephora introduces online installment payments

By Dan Berthiaume - 05/08/2020
Sephora

A beauty giant is partnering with a global payments provider to offer an interest-free digital payment plan.

Sephora, which is owned by Paris-based luxury goods conglomerate LVMH, is now providing an online installment payment option from Klarna. The program allows e-commerce customers to pay in four equal payments with no interest.

“Ease and convenience play an instrumental role in the Sephora client experience, and as a digital leader we have always adapted to the evolving needs of our beauty community and their shopping journey,” said Kim Stromberg, VP and GM of e-commerce at Sephora. “With Klarna, we can continue to provide our clients the seamless shopping experience they know and love while increasing flexibility in our checkout offerings.”

“Sephora is the unparalleled global leader in beauty and has built a reputation of providing an outstanding shopping experience,” said Sebastian Siemiatkowski, CEO at Klarna. “We are thrilled to partner with Sephora to ensure that clients are able to shop for the beauty brands and essentials they love with a new level of financial flexibility.”

Other major retailers who have deployed Klarna’s online installment payment solution include Hibbett Sports, Abercrombie & Fitch, Rue 21, and H&M.