Starting with January 27, PayPal is introducing the new payment option „Payment after 30 days”, expanding its „Pay later” offer in Germany. The new service will be visible to customers in the PayPal account in the coming weeks, according to the press release.
„When shopping online, consumers can select „Payment after 30 days” – for purchases up to 1,000 euros – in their PayPal account. With the new option, customers have even more options to pay flexibly with PayPal – without any additional costs,” the company explains.
Transparent overview and automatic debiting
The new payment option offers PayPal customers a smooth and secure shopping experience: the amount is automatically debited after 30 days by direct debit, „so customers no longer have to make a bank transfer” – according to PayPal.
The due date and the outstanding amount can be viewed in the PayPal account at any time, and PayPal will inform the customer of pending debits by e-mail. In this way, customers can be sure that they will not miss any payment deadlines.
There is also the possibility at any time to pay the entire amount before the 30 days have expired. In addition, PayPal generally does not charge any late fees for all „Pay Later” offers worldwide. The PayPal buyer protection applies as usual.
PayPal combines the advantages of the most popular payment methods
„With the introduction of ‘Payment after 30 days’, we want to provide our customers with another simple, flexible and secure solution for online shopping. We see ourselves as a partner to our customers and support responsible purchasing behavior. For us, this includes offering customers transparency and an overview of outstanding payments, as well as carrying out credit checks for all ‘Pay Later’ transactions and waiving late fees worldwide. For us, the focus is on long-term customer satisfaction across our entire product range,” says Jörg Kablitz, Managing Director PayPal Germany, Austria and Switzerland.
The new PayPal service also combines the advantages of the two most popular payment methods in Germany when shopping online: PayPal and purchase on account. When purchasing on account, buyers can inspect and check the goods upon receipt before payment is due.
How it works
The extended „Pay later” offer gives online shoppers even more flexible payment options than before in the PayPal account. PayPal customers make their online purchases as usual and can easily pay by clicking on „Payment with PayPal” in the payment process .
After logging into the PayPal account, customers can then select „Payment after 30 days” and complete the purchase – subject to a positive credit check. This is possible up to a shopping cart value of 1,000 euros. The „payment after 30 days” is then automatically made by direct debit, no bank transfer is necessary. In addition, customers will soon be able to change the due date – before the end of the 30 days – for a small fee 1to be moved once.
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1 Up to a shopping cart value of 20 euros, no fee is due. The fee to be paid will be displayed to the customer before he/she makes a binding selection for the extension.
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