Klarna, the global retail bank, payments, and widely renowned Buy-Now-Pay-Later provider have announced the launch of their new Comparison Shopping Service (CSS) in 21 markets. Klarna’s partner retailers across Europe will be given increased customer reach, whilst also being able to spend on advertising and the ability to drive traffic from high shopping intent customers through Klarna CSS’ budget savings tools. In addition, the Klarna comparison shopping page will provide new opportunities for brands to reach browsing consumers with their products.
The CSS program was created by Google to diversify the search results for Product Listing Ads (PLA). A CSS partner can facilitate the publication of a PLA on Google and is then the link between the advertiser (the retailer) and Google. Unlike competitors, Klarna Comparison Shopping Service provides PLA hosting for a small flat monthly fee. By switching to Klarna CSS, retailers can save up to 20% on their Cost Per Click spend by avoiding a fee charged by Google CSS. Klarna will also list a retailer’s product listing inventory on the Klarna comparison shopping web pages to further boost retailer product visibility and customer reach.
Klarna’s new Comparison Shopping Service is available in Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Spain, Sweden, Switzerland, and the United Kingdom.
David Sandström, Chief Marketing Officer at Klarna: “We are extremely excited to launch the Klarna Comparison Shopping Service today. With this new product, we enable retailers to list their Google Product Listings Ads more efficiently. Concretely, this means that we offer retailers a more effective and cheaper way to increase their customer reach and convert highly relevant traffic from consumers who are searching for products they want to purchase, thereby maximising merchants’ return on advertising spend. As a growth partner for our retailers, we are thrilled to be launching even more products and services to support their strategy in the near future.”