SAN FRANCISCO—PayPal is making a change to its buy now, pay later (BNPL) solution, expanding the offering with a longer-term payment plan.
PayPal’s new BNPL deal is valid for purchases between $199 and $10,000.
The cost will be split across monthly payments of between six and 24 months, according to a report by Endgadget.
“If you select the Pay Monthly option at checkout, you'll then need to complete an application. Should that be approved, you'll be able to select from three payment options with different timeframes,” Endgadget explained. “APR is calculated on a risk basis and will be between zero and 29.99%. The first payment is due a month after purchase.”
In addition to BNPL, PayPal also offers credit cards.
The Very Best in CU Reporting. For You. For Free
Don’t forget to check your Spam/Junk email folder if you haven’t been receiving your free, popular and daily CUToday.info news headlines.
And if you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time.
CUToday.info has received very positive response from readers following the move to an improved provider of the daily headlines, but many also noted they did need to go to their Spam/Junk folder and mark it as safe.
The new email solution has not only improved every reader’s delivery experience, but it also features a fresh, new format that is easy to read, especially on mobile devices.
Please note and/or make your IT department or email administrator aware the emails will be coming from the domains CUTodayinfo.com and CUTodayinfoReply.com.