Belgian consumers tend to spend via account debit more than credit cards, which means there is no obvious way to spread out the payment burden for higher-priced purchases. Built on a Swedish banking license, Klarna offers Pay Now (instant transfer), Pay Later (deferred payment), and installment options in a single interface, making it a leading BNPL provider that fills this gap.

The effect of diversifying payment options tends to be pronounced for fashion, electronics, and furniture commerce targeting Benelux customers spanning Belgium and the Netherlands, and for product categories with an average order value above 100 euros. The trajectory of the bank-transfer brand integrated into Klarna can be compared on the Sofort page, and an invoice-based pay-later alternative on the Riverty page.

When a consumer selects Klarna at checkout, a simple credit check is run and pay-now, pay-later, or installment options are presented; once approved, Klarna confirms payment on the consumer's behalf. Consumer repayment is then handled separately between Klarna and the consumer, while the merchant's share of the euro proceeds is received via Hecto Financial. Because of the pay-later nature of the service, order and shipping data integration requirements can be stricter than for card payments.

Integrating through Hecto Financial lets a Korean corporation consider adopting Klarna payment options without a separate local contract in Belgium. Approval policy and fees for each pay-later and installment option, as well as order and shipping data integration requirements, vary by industry and average order value, so confirmation with Hecto Financial's sales team before contracting is required.

• Business registration country

  Confirm whether a contract is possible on the basis of a Korean business entity

• Sales channels

  The integration method and priority differ depending on your online sales channel mix, such as your own mall, open marketplaces, or mobile apps

• Product categories

  Advance confirmation is needed as to whether your category falls under restricted industries per the Klarna operator's merchant policy

• EU regulatory compliance

  Confirm compliance with EU payment regulations such as PSD2 and SEPA (see official sources below)

Revenue via Klarna follows the same settlement flow. Hecto Financial receives and converts the euro (EUR) funds and settles the Korean merchant in one of USD, KRW, or JPY chosen at contracting, on a cycle set by the contract terms. Since pay-later and installment transactions see frequent billing adjustments in categories with high return rates, you should confirm the process before contracting for how the Klarna charge and merchant settlement amount are adjusted when a consumer withdraws within 14 days or makes a partial return.

• National Bank of BelgiumOfficial source for supervision and statistics on Belgium's payment system. If this page's content differs from actual regulations, the official source takes precedence.