Tractor Supply Company(NASDAQ: TSCO) saw its shares dip early Wednesday, as the largest rural lifestyle retailer in the United States announced today a partnership with Klarna, the global leader in the generational shift away from credit cards, to offer customers a flexible payment option with Klarna’s Pay in 4 offering. Through this service, Tractor Supply purchases can be split into four interest-free payments, with the first payment collected upon order confirmation.
To take advantage of the payment offering, customers select the Klarna button as the payment method at checkout on TractorSupply.com or through the Klarna app across Tractor Supply stores throughout the U.S. Payments are automatically collected every two weeks with no interest.
“We’re thrilled to have Tractor Supply join the over 450,000 retail partners that already offer our interest-free payment options, to help consumers save time and money along their shopping journey,” said Kristina Elkhazin, Head of North America, Klarna. “Through this partnership, Tractor Supply customers can benefit from having an additional, flexible payment method as they shop Tractor Supply’s extensive product offering.”
Tractor Supply Company also owns and operates Petsense by Tractor Supply, a small-box pet specialty supply retailer focused on meeting the needs of pet owners, primarily in small and mid-size communities, and offering a variety of pet products and services. As of late September, the Company operated 180 Petsense by Tractor Supply stores in 23 states.
TSCO shares faded $2.53, or 1.2%, to $213.67.
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