Are you someone having issues with the Klarna payments?
Is Klarna payment not showing on bank statement?
You would be glad to know that this is the very right place if you are finding answers to these questions. As here, we will discuss all the reasons why Klarna payment is not showing on bank statement.
Klarna payment not showing on bank statement
Anyone can easily use Klarna to finance their purchases. Klarna supports several stores around the globe. One just needs to be eligible to get the approval for Klarna pay-in-4 services.
Klarna lets users pay back the borrowed amount in four installments. And to pay the installment, users can either select to pay automatically using their debit card or even manually.
If your card has been charged with Klarna payment, you will definitely see the Klarna payment in the bank statement. But, sometimes, Klarna payment might not show in your bank statement. There can be many reasons for the same. And if you are someone facing the same issue, you must check out all the possible reasons we discussed below.
1. Different payment source
The first and common reason you cannot see the Klarna payment in your bank statement is that you are not looking for it in the right place.
Klarna lets users add their debit card as a mode of payment for the installments. And the good thing is users do not have to remember the schedule anymore, and payments are made automatically.
Moreover, users can add more than one debit card as the payment method in Klarna. Any of the cards can be selected to make the transaction for the installments.
And if you have already added more than one card, you must check the card used for making the Klarna payment. There is a possibility that you made a payment to Klarna using card-2, whereas you are checking the bank statement associated with card-1.
If you have a single card added to your Klarna app, proceed with the next reasons. If you have multiple cards added, check the bank statement associated with the card used for payment.
2. Payment has not been made
Sometimes, you may not see the Klarna payment in the bank statement because your Klarna payment has failed. There could be many reasons why your Klarna payment failed.
As you already know, Klarna allows users to opt for automatic payments by simply linking a debit card associated with a bank. Klarna deducts the required amount from the debit card so that users do not have to remember the payment schedule.
But, what if there are not sufficient funds in your bank?
If you have a single card added to your Klarna account and there are no funds in the debit card, your installment will be considered failed. In this scenario, you won’t see Klarna’s payment on the bank statement as Klarna didn’t find any funds for the installment.
3. Klarna payments are set to manual
As you already know, and we have mentioned previously, Klarna lets users add their debit card associated with a participating bank. This is a way to automate the procedure to pay for the Klarna installment according to the schedule.
If you have already opted for the automatic installment, funds will be deducted from your account.
But, sometimes, users do not realize after changing the payment method as manual. In the manual payment method, as the name suggests, the user has to pay Klarna manually along with the late fee charged by Klarna.
If your Klarna payments are set to manual, and you forgot to pay them, you won’t find the payment on the bank statement for obvious reasons. So, the first thing you should check should be your payment method.
If you choose to pay your Klarna payments manually, you must carefully remember your Klarna payment schedule. You can easily check your payment plans using the official Klarna app or website.
4. Your payment is still processing
While a majority of Klarna users opt for automatic installments, some users still choose to pay the installments manually. Both of the modes have their own pros and cons.
Well, manual payment to Klarna is a better option to keep everything in control. But, there is something you must know, if you pay installments manually to Klarna.
Payments made manually take a few days to process before Klarna finally accepts them. According to the official statement by Klarna, users must wait at least three days before checking if the payment has been made and registered by Klarna.
And if you are checking the bank statement just after paying the installment, you might not see the Klarna payment reflected on your bank statement.
5. Entire installment has been paid
Klarna lets the user pay the borrowed amount in four installments. This makes it easy for the user to manage the funds out of other expenses. But, if the user can manage to pay the borrowed amount once for all, Klarna accepts that as well.
In this way, users can earn the Klarna trust factor, which helps them get approval for future purchase requests.
So, we suggest you check if you have already completed your installments for the particular order. If you have already made the payments in the previous month and have no installment schedule, you won’t see any Klarna payment on bank statements.
You can easily check your active Klarna order using the official app. Follow this quick guide to check your active orders –
- Open Klarna app on your mobile device
- Go to ‘My Klarna’ section
- Select ‘Payments’ option. This will show all active purchase orders.
How long does klarna take to process
According to the official statement by Klarna, it takes at least three days to process a payment and finally register it. If you are making the payments to Klarna manually, you will see the payments reflected on the bank statement only after three days.
You can check if the payment has been made successfully on the Klarna app or the official website. Simply open the ‘My Klarna’ section and select the ‘Payments’ option. There select the purchase order for which you paid the installment.
And that’s pretty much it, ladies and gentlemen.
Here, we have discussed all the possible reasons why Klarna payment is not showing on bank statement.
If you have doubts regarding the reasons mentioned above, you can let us know in the comments section below.
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Ankit Kumar is an Engineer by profession and a blogger by passion. Over the last several years, he has written tons of articles, solving queries on Quora. He also has years of experience in investing in Cryptocurrencies, Funds, and Stocks.