ShareKlarna and similar services let shoppers split the cost of purchases into four or more payments, often for little to no interest.Some users of buy now, pay later apps might face something new when they try to use the payment method: rejection.
Higher interest rates and recession concerns are challenging the business model behind services such as, which say they are tightening credit standards to focus on making a profit, rather than growth. Some customers say they have been caught off guard by unexpected denials or lower spending limits when they try to make purchases.