Klarna and TryOnify: Try Before You Buy both aim to improve conversion rates on Shopify stores by offering alternative payment options, but their approaches and target audiences differ significantly. Klarna focuses on providing established "buy now, pay later" and financing solutions to a broad customer base, boasting access to 100M+ customers globally and emphasizing seamless integration. It caters to merchants looking to increase sales by offering flexible payment options at checkout. In contrast, TryOnify targets merchants offering products suitable for trial periods, enabling customers to "try before they buy" without immediate payment. This approach is aimed at acquiring new customers sustainably and reducing cart abandonment. TryOnify's value proposition lies in offering a free trial shopping experience, minimizing purchase friction and encouraging higher purchase frequency.
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| Rating | 1/5 | 5/5 |
Rating Klarna1/5 TryOnify: Try Before You Buy5/5 | ||
| Reviews | 2 | 4 |
Reviews Klarna2 TryOnify: Try Before You Buy4 | ||
| Payment Model | Buy Now, Pay Later/Financing | Try Now, Pay Later |
Payment Model KlarnaBuy Now, Pay Later/Financing TryOnify: Try Before You BuyTry Now, Pay Later | ||
| Target Customer | Broad, High-Intent Shoppers | New Customer Acquisition Focused |
Target Customer KlarnaBroad, High-Intent Shoppers TryOnify: Try Before You BuyNew Customer Acquisition Focused | ||
| Integration Ease (Implied) | Easy integration, no disruption | Quick & easy setup |
Integration Ease (Implied) KlarnaEasy integration, no disruption TryOnify: Try Before You BuyQuick & easy setup | ||
| Core Benefit | Increase Sales via Flexible Payments | Reduce Cart Abandonment, Sustainable Acquisition |
Core Benefit KlarnaIncrease Sales via Flexible Payments TryOnify: Try Before You BuyReduce Cart Abandonment, Sustainable Acquisition | ||
| Global Reach (Implied) | 100M+ Customers | Not Specified |
Global Reach (Implied) Klarna100M+ Customers TryOnify: Try Before You BuyNot Specified | ||
| Payment Collection | Paid Upfront to Merchant | Automatic Payment Collection After Trial |
Payment Collection KlarnaPaid Upfront to Merchant TryOnify: Try Before You BuyAutomatic Payment Collection After Trial | ||
Choosing between Klarna and TryOnify depends heavily on the merchant's business model and objectives. Klarna is better suited for merchants who want to offer widely accepted BNPL options to a large customer base and immediately improve sales via increased payment flexibility. It's especially useful for merchants who already have established sales and wish to increase volume. TryOnify is ideal for merchants offering products where a trial period adds value – think subscription boxes, software, or certain types of apparel. Its "try before you buy" approach is beneficial for acquiring new customers sustainably, reducing cart abandonment, and building trust. Given the significant rating difference and the specific needs TryOnify fulfills, merchants should strongly consider TryOnify if their products are conducive to a trial period.
TryOnify explicitly aims to reduce cart abandonment by offering a "Try Now, Pay Later" experience, removing immediate financial barriers to purchase. Klarna may indirectly reduce abandonment by offering payment flexibility, but its primary focus is on increasing conversion rates.
Both apps claim to offer easy integration. Klarna states 'no disruption to existing systems during setup' and TryOnify offers 'quick & easy setup'.
TryOnify's 'Try Now, Pay Later' model lends itself well to subscription-based businesses, allowing customers to experience the service before committing to a full payment. Klarna could still be used for the recurring payments, but TryOnify would be useful for initial acquisition.
Klarna offers a variety of payment options, including pay in full, pay later, and financing. TryOnify primarily offers a deferred payment during the trial period.
With Klarna, the merchant gets paid upfront; Klarna assumes the credit risk. With TryOnify, the merchant takes the risk that the customer will not pay after the trial. TryOnify mitigates this with automatic credit card authorizations and reauthorizations.
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