Payment processing brands Klarna and Stripe announced on Tuesday they are offering Klarna’s Pay in 3 for music fans heading to the Hideout Festival this summer through ticketing platform Kaboodle.
According to the duo, Hideout is an annual electronic music festival and is entering its 9th year on the famous Zrce Beach in Croatia, and the option to pay with Klarna will be available for accommodation, flight and coach packages with the possibility to include tickets.
“Festival goers can now snap up the elements of their trip once tickets are released in one smooth action, using Klarna to split the cost of the festival into three equal payments. The first of these payments is taken at the point of purchase, either via debit or credit card. The second and third payments are taken automatically on days 30 and 60, with no interest or fees applied, ever.”
Klarna and Stripe have notably teamed up to transform the app-based shopping experience for fashion stalwart Missguided earlier this year. Luke Griffiths, General Manager at Klarna UK, stated:
“Working with Stripe to bring flexible payments on the Kaboodle platform and to the world famous Hideout Festival has been a real triumph for us. Opening up our experience to a brand new market, where Klarna payments provide an ideal solution for splitting costs, has been a fantastic project. We know we can deliver a 5* purchasing process and taking that into the festival arena shows just how valuable that is for consumers.”
Iain McDougall, UK Country Manager at Stripe, added:
“Conversion can make or break ticketing platforms, and technology is key to ensuring customers can check out quickly and easily, no matter their device or location. New payment methods like Klarna’s Pay in 3 are designed to boost conversion and Stripe takes away the complexity of building a checkout experience that is engineered to offer customers the most innovative payment methods available today.”
