How Old Do You Have to Be to Use Klarna?

Klarna offers a “buy now, pay later” service, allowing consumers to split purchases into installments. Understanding the age requirements for using such financial tools is important for responsible financial engagement. This article clarifies the minimum age to use Klarna and the processes involved in age verification, along with the implications of non-compliance.

Minimum Age for Klarna Use

To use Klarna in the United States, individuals must be at least 18 years old. This age requirement is standard across most financial services and aligns with legal provisions for entering into binding contracts. Financial products, including short-term installment plans like those offered by Klarna, are regulated by bodies such as the Consumer Financial Protection Bureau (CFPB) to ensure fair practices.

The 18-year-old age minimum ensures users have the legal capacity to consent to repayment terms, which protects both the consumer and the company. This requirement prevents younger individuals from accumulating debt they may not be prepared to handle.

How Klarna Verifies Age

Klarna employs several methods to confirm a user’s age and identity during the sign-up process. Users are typically required to provide their date of birth, which is a primary piece of information for age verification. Klarna may also request users to log into their bank to verify their identity or upload a photo ID along with a selfie.

Linking to a valid US-issued debit or credit card and providing a US residential address are also standard requirements. An SMS-capable phone number is necessary for receiving security verification codes, further aiding in identity and age confirmation. Accurate submission of personal details is critical for the verification process to proceed smoothly.

What Happens If You Are Underage

Attempting to use Klarna while underage can lead to various consequences. Klarna does not accept payments from minors, and if an underage user is identified, their account may be suspended or orders cancelled.

Underage use can result in the inability to make payments, potentially leading to additional fees if the account is linked to a parent or guardian. There can be legal repercussions, as misrepresenting one’s age to enter a contract could be considered fraud. In such cases, parents or legal guardians may become involved due to the minor’s contractual obligations.