Long retention periods mean your financial and personal data remains in Klarna's systems long after you have stopped using the service, increasing the risk of data exposure over time.
Klarna collects extensive personal data including financial information, purchase history, and behavioural data, and shares it with a broad range of third parties including merchants, credit reference agencies, and advertising partners. This means your shopping habits and financial profile may be used for credit decisions and targeted advertising beyond what you might expect from a payment service. You can review and exercise your data rights β including access, deletion, and portability β by logging into your Klarna account and visiting the privacy settings section.