Pay Later & Loans

7 Best Apps like Klarna and Quadpay to Try 2022

Updated on: September 23, 2022
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Looking for the apps like Quadpay and Klarna? We have got you covered. These are one of the most popular BNPL apps that help users buy items and pay in easy 4 little split-out payments, interest-free.

Such apps don’t need a credit card to function, as users can shop with debit cards too and leverage all the benefits that link to an app.

Unlike standard credit cards, BNPL platforms do not impose an annual fee or exorbitant interest and check a credit score for approval. 

Apart from that such apps offer more flexibility to users in terms of payment options and exclusive discounts while shopping. Let’s barge forward.

Apps similar to Quadpay & Klarna ( Top Alternatives)

Apps like klarna and quadpay

Sezzle

Free to join
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Sezzle is another digital platform that enables users to pay later at over 2400 stores. Using this app, you can shop and decide to spend your money responsibly four times over six weeks.

It has no monthly fee or interest if you pay on time. The app shows your upcoming payments and lets you reschedule your repayments with the tap of a button.

However, it also allows you to make early payments ahead of the deadline to avoid any late fees. Shopping with Sezzle doesn’t have any effect on your financial score. 

Sezzle offers exclusive deals at certain stores. To shop with Sezzle, all you need to do is sign up and wait for approval before you can shop at any store.

Most of the time, approval is instant, but it may take up to 24 hours. Since it supports debit and credit cards, users get more payment options at the checkout. 

The only downside to using Sezzle is that you need to contact the merchant for refunds. Besides, first-time users have lower limits that normally increase over time when their credit score is in good standing.

Pros
  • Flexible payment options.
  • No interests or monthly fees.
  • no impact on credit score.
  • One free reschedule payment for each order.
Cons
  • Fees for 2nd and 3rd rescheduled payments for each order.
  • Lower buying limits for first-time users.
  • Users must contact merchants for refunds.
Apps like quadpay

AfterPay

Free to join
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As the name suggests, it’s a “Buy Now, Pay Later” platform. Founded in 2014, Afterpay has already garnered up around 7 million users across Australia, the U.K., Canada, and the U.S.

Akin to other Quadpay and Klarna alternatives, it doesn’t charge any fees from shoppers, as it only charges retailers for using its service.

Unlike relevant apps, Afterpay works with thousands of popular brands like Levi’s, GOAT, Fight Club, and more. With hundreds of categories in its bucket, the app attracts all kinds of audiences, from adults to kids. 

So how does it work? You buy a product and pay in four easy installments over six weeks, with no interest or a monthly fee when paying on time.

Not only does Afterpay have thousands of online stores to shop from, but it also has in-stores that you can find on the map.

To make your in-store experience better, it has an Afterpay contactless Mastercard that can be stored in your Google Pay and Apple Pay wallet easily. From retailers, it charges nearly 4.17% in merchant fees on sales made via the platform.

Pros
  • Doesn’t affect credit score.
  • Interest-free terms.
  • Fast easy approval process.
  • Seemless in-store and online store experience. 
  • Pay in advance option.
  • Notifies paid or unpaid payments.
Cons
  • Late fee.
  • Spending limits may vary.
  • Can impact an ability to apply for loans.
  • Doesn’t work with Amazon or eBay.

Affirm

Free to join
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Want to shop at stores like Amazon or Poshmark? Affirm has your back. It’s a loan financing app that works with almost every e-store, allowing users to pay over time in installments with no interest and no hidden fees.

Qualified Affirm members can select products from their favorite stores, and select “affirm” at checkout to buy a product at a minimum.

Similar to companies like Quadpay and Klarna, it also does not affect credit card scores when not paying a fee. It also has some perks, like discounts and offers at various stores. 

With Affirm, you always pay way less than your credit card bill. For instance, if you buy $250 shoes with a payment term of six months and 15% APR, your total cost will be around $261 with an interest of $11, which is far less than the interest you owe on a credit card. 

As credit cards incur payments based on compound interest, Affirm charges simple interest based on the cost of your product.

Apart from that, it allows users to open a high-yield savings account that typically pays 20–25% more than standard saving accounts. 

Pros

  • No late, service, repayment, or monthly fees.
  • 0% APR at some retail shops.
  • Saving account option.
  • No compound interest.
  • Doesn’t impact financial score.

Cons

  • Interest rates can go up to 30%.
  • Keep a close eye on a payment report.
  • May require down Payment.
Quadpay alternative

Perpay

Free to join
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If you don’t want to pay all upfront, Perpay is the best credit card alternative. With Perpay, you can spread your payments into interest-free installments, and shop over 1000+ brands like Amazon, Sony, Samsung, e.t.c.

The app automatically deducts small amounts from your paycheck and builds a payment history when you complete one order of $500 or more.

You can increase your credit spending limit over time and buy more things you couldn’t afford earlier. It doesn’t check credit scores, so getting approval with Perpay is easy.

Once you activate credit building, you can grow your credit score by an average of 28 points by staying up-to-date with payments and getting rewarded for each payment you make.

Only frequent late payers’ credit scores will be in bad standing with their bank or payment cardholder.

While Perpay doesn’t directly send reports to credit bureaus, it doesn’t affect your score. Based on your current spending habits rather than your history of payments, it approves your account.

Make sure you make small payments at a scheduled time to avoid any bank levies or late fees.

Pros
  • builds credit.
  • It doesn’t check your credit score or report to credit bureau.
  • Supports a wide range of brands.
  • Zero interest, or other hidden fees.
Cons
  • May delay your direct deposit payments.
  • Charges heavy late fees.
  • Poor customer support.
Paypal

Paypal

Free

PayPal is another great pay-over-time financing option. When approved, the app gives users the flexibility to buy stuff wherever Paypal is accepted.

PayPal has no annual fee or interest when paid in full within the promotional period on purchases over $99. However, it charges a flat $0.30 and 2.9% fee for every transaction you make via Paypal credit. 

Apart from that, it may charge a hefty late fee and a return fee, depending on your credit history. Also, it may send your credit report to credit reference agencies when needed, which in turn might affect your financial score.

Here’s the caveat: the approval process is fast, but it requires at least a 700 credit score to get approved by Paypal. 

There is also a “pay in four” option at the checkout that splits the payment into four weeks with no interest. Furthermore, Pay in Four has no effect on credit scores and does not require a credit card or a minimum purchase.

Despite charging flat transaction fees and compound late fees, Paypal is used by over 5 million merchants, making it one of the most trusted pay-later platforms.

Besides, the platform gives full purchase protection that involves a full refund with shipping costs. To avoid exorbitant fees, you must maintain a minimum monthly balance in your Paypal credit account and pay on schedule. 

Pros
  • No annual fee or interest-free six months on purchases of $99 or more.
  • Offers purchase protection and security.
  • 4 in 1 pay for interest-free 1-month coverage installments.
  • Fast Approval (Within a few seconds).
  • Millions of vendors use Paypal.
Cons
  • Interest charges may apply if return or late fee is not paid off.
  • May impact credit card score.
  • Require at least 700 credit points to be qualified.
  • New accounts holders are charged 23.99% APR until they do not pay within six months.
  • Hard check on your credit report.
  • Exorbitant interests rates.
Apps like klarna

Zebit

In-App purchases

Tired of missing late fees? Zebit has your back. With Zebit, you can buy products listed on the Zebit market and pay over six months with no interest or fees.

It offers a line of credit up to a $2500 spending limit, so you can shop for thousands of products with ease.

It allocates a spending limit as conditional credit using a two-step underwriting process that requires a customer’s identity, employment, or income.

Further, it takes the help of credit reporting agencies to verify your identity, which does not affect your credit card score. 

Not only does the platform store thousands of products across several categories, but it also doesn’t charge any late fees or interest if you’ve failed to pay on time. 

However, you may see a hike in prices for some products compared to other retailers, but you don’t pay a penny more than the price you see at the checkout.

So how does it work? You make a down payment at checkout using a debit or credit card, and Zebit splits your payments of the whole amount into six-monthly periods.

Zebit may tweak your spending limit based on your spending activities and other details, much like Quadpay.

Pros
  • No interests, monthly or late fees.
  • Doesn’t affect FICO score.
  • Equally divides payment into six months, interest-free.
  • Houses a variety of branded products.
  • Decent option for personal loans.
Cons
  • Some items are pricey.
  • No refund or return policy.
  • Require some form of income to get verified.
  • Won’t help build credit.
  • Only ships item after a full down payment is paid.
tabby-min

tabby

Free
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Tabby is another alternative  that offers flexible payments and rewards for shopping. With Tabby, you can shop and pay overtime at your favorite brands such as Addidas, Ikea, Marks Spencer, Splash, and to name a few.

The app splits your payment into four parts, allowing you to pay in installments without any extra fees or interest. On top of that, you get weekly discounts from retailers and exclusive deals on most selected stores.

Even more, you can also sell your items with Tabby and expand your customer base.

It seamlessly shows your upcoming bills and payment methods in one place so that you can track all your shopping without having to drill down the tabs.

Pros
  • Instant approval.
  • Shop at popular retailers.
  • Shopping deals and discounts.
  • Manage payments in one place.
  • No interest or fee.
Cons
  • Only AED currency.
  • No live chat.

Wrapping it Up

We’ve just piled up some of the best apps like Quadpay and Klarna that don’t let you pay 100% upfront. Both platforms possesses different fee structures, so do other apps. However, you’ll see disparity in the brands and retailers these apps support.

Paypal credit is such an outstanding platform being supported by over 5 million retailers, whereas Zebit and a few other apps provide payment services to shop on a limited number of products.

There are other Pay later Apps like Perpay or Affirm that work with massive retailers like Amazon or Walmart.

To sum up, every listed app is of great benefit if installment fees are paid on time so that unwanted interests and fees may not be accumulated. 

Frequently Asked Questions (FAQs)

Does Walmart accept Sezzle?

No, Walmart doesn’t take Sezzle payments. 

Which buy now pay later apps support Amazon?

Affirm, Klarna, Amazon, Perpay accepts Amazon.

Which pay later app doesn’t charge late fees?

Zebit and Affirm don’t charge late fees, interests, or any hidden fees.

By ankit raghuwanshi
He is an editor-in-chief, an admin, and the guy who kickstarted TheAppFlow. He often wraps his head around personal finance or fintech apps and never shies away from learning new things that he can share with people to streamline their wealth. To read his more work, visit: Cashclevr.com