For four days, Bed Bath & Beyond gives you the opportunity to save on top of the company’s legendary and hugely popular 20% discount vouchers.
The retailer has teamed up with Klarna, a paid-for-now and paid-for service later, to offer what is known as a “pre-Black Friday first purchase”.
From Friday to Monday, your fourth and final payment is free if you choose Klarna installment payments in the Bed Bath & Beyond stores or online if you choose Klarna installment payments, the company USA TODAY announced exclusively. The minimum purchase is $ 10 and the waiver payment is a maximum of 25% of your purchase.
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David Sykes, Klarna boss for North America, told USA TODAY that apart from Klarna, he does not yet know of any competitors who offer such a promotion.
“We think shoppers will be very excited, especially those who bloom around the holidays looking for special offers,” he said. “We’re seeing strong demand from our customers, which is why Klarna is thrilled to start this type of deal with Bed Bath and Beyond first, and to expand its offering at several additional dealers over the Christmas period.”
Rafeh Masood, Bed Bath & Beyond’s chief customer officer, told USA TODAY that the retailer is working with Klarna to “make it even easier and more affordable to shop early”.
According to Klarna’s vacation report, 40% of shoppers plan to shop early and 72% want to benefit from sales and offers. More than a third plan to spend more on Christmas gifts this season.
Installment plans that are beginning to replace traditional layaway plans are becoming increasingly popular with retailers. Amazon and Walmart have taken them over, as have Macy’s and Target. Newer vendors include Paypal, which Payy bought, and Square, which bought Afterpay.
Consumers who buy now, pay later tend to be younger, and some don’t qualify for credit cards. The advantage: You can spread the acquisition costs in installments over a few weeks or months.
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This is how the Klarna deal at Bed Bath works
The Klarna deal at Bed Bath & Beyond divides the cost of a purchase into four interest-free payments. If payment is made on time, there are no further fees.
The limited time offer, combined with the Bed Bath & Beyond coupons, could also encourage new customers to pay now to buy later.
“By giving our customers the ability to pay more flexibly, royalty-free, and interest-free over time, and also to forego the final payment for their purchase, we hope to show the value and convenience of alternative payment solutions like Klarna. for both new and returning customers, ”said Sykes.
While Bed Bath coupons often come with a long list of exclusions, including brands that are not eligible for the discount, the Klarna offer doesn’t have any similar exceptions. According to the terms and conditions of the promotion, “Klarna reserves the right to cancel the offer at any time during the specified period.”
Offer is limited to one transaction per customer and for US residents over 18. In order to forego the fourth and final installment, the first three installments must be paid in full and on time.
♦ To use the offer online: Download the Klarna app, search for Bed Bath and Beyond registration and select “Shop online”. Go to checkout and apply coupon codes or offers and select “Pay with Klarna”
♦ How to take advantage of the in-store offer: Once you have logged into the Klarna app you downloaded, find and select Bed Bath and Beyond and select “Shop in Store”, which will prompt you to set up your one-time in-store card. Create the digital card and add it to your Apple or Google wallet. Payment is made with a phone tap at the checkout and you will only be billed for what you ultimately use.
Klarna officials point out that the offer is not displayed at the checkout when shopping online or in-store, but “eligible customers receive an email from Klarna after the purchase confirming their inclusion in the offer” .
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