TOMS has partnered with Klarna, an alternative payments provider, to offer U.S. shoppers two new options at the online checkout: paying later in four equal installments, or paying 30 days after the transaction. No interest or fees will be added, and TOMS still donates a portion of the transaction to its Giving Fund.
For shoppers who choose to pay in installments, four equal payments are automatically collected from the customer’s chosen payment method – one installment at the time of purchase and three additional payments every two weeks.
This announcement follows Klarna’s recent U.S. and UK partnerships with Abercrombie & Fitch, H&M, Man Repeller, Rue21 and Superdry.
“TOMS is excited to increase accessibility to our brand with Klarna payment options,” said Ryan Slyper, VP of Ecommerce at TOMS. “We hope to empower our customers by giving them options on how to make their purchase and choose how that purchase will make an impact. Customers can choose for their purchase to contribute to issues such as safe water, mental health, shoe giving, ending gun violence, homelessness and equality.”