PayPal is rolling out a service in Germany enabling customers to pay in 30 – days, not installments – with its Pay Later service.
In Brief:
This is an extension of its existing Buy Now, Pay Later offering in Germany.
Users can pay in full for a transaction 30 days after it’s completed.
This can be applied to amounts up to €1000.
What does this mean?
As buy now, pay later businesses spring up with the simplicity of their offerings (pay in 3, pay in 4) a huge attraction, PayPal is now giving users more choice when it comes to paying for items online. It adds this to existing installment payment options, as well as its Credit offering (which does charge interest). This range reflects that, unlike some pure BNPL brands, customers use PayPal to pay for a wider variety of items, often with a higher value.
