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Klarna Says Retailers Paying Less in Buy-Now, Pay-Later Frenzy

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WATCH: Klarna CEO Siemiatkowski discusses the trends in the buy now, pay later space, the impending inquiry from the Consumer Financial Protection Bureau and his thoughts on crypto investing and marketing.Source: Bloomberg

The buy-now, pay-later craze already has retailers demanding lower fees, according to Klarna Bank AB.

“I wish I could convince them to pay 6% but it was a long time ago that I heard any deal quoted at those levels,” Klarna Chief Executive Officer Sebastian Siemiatkowski said in an interview with Bloomberg Television. “The price has dropped due to competition.