Klarna updated their Terms of Service on May 19, 2026 to disclose that their Upgrade financing product is no longer available for new purchases as of May 13, 2026. The terms previously listed Upgrade financing as an available product option without noting its unavailability. The updated language now clarifies that this financing method cannot be selected by new customers, though existing customers with active Upgrade financing agreements may retain their current terms.
The updated Terms of Service now disclose that Klarna's Upgrade financing product is no longer available for new purchases as of May 13, 2026. Customers seeking financing options are limited to the remaining products listed in the terms: Pay in 4 installments, Pay later, WebBank Klarna Credit Card, Klarna balance, and Klarna Card. Existing customers with active Upgrade financing agreements retain their current terms under those agreements.
The updated terms establish that Upgrade financing is not a selectable option for customers entering into new Klarna agreements, reducing the range of financing products available through the platform. Customers evaluating Klarna financing options must now choose from the remaining products listed in the terms, and this disclosure ensures prospective customers understand the current product lineup.
Updated to disclose that Upgrade financing is no longer available for new purchases since May 13, 2026.
This change record describes what was added, removed, or modified in the document. Analysis reflects what the updated agreement states or permits. It does not constitute a legal determination about enforceability. Applicability may vary by jurisdiction. Methodology
Klarna updated its Terms of Service to disclose the discontinuation of its Upgrade financing product for new purchases effective May 13, 2026. This is a straightforward product availability disclosure with no apparent regulatory trigger. The change documents a commercial decision to retire a financing option and communicates that decision through the standard terms document. No new compliance obligations or regulatory exposure appears created by this disclosure.
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