PayPal “Pay in 3 installments” : the name already shows the functioning of the new service offered by the Californian company to its customers. This is a novelty that closely follows the substantial update that has in fact transformed the app into a real digital wallet and further enriches the offer through the possibility of requesting a loan for payment in three installments without interest of the products purchased whose price is between 30 and 2. 000 EUR.
Android 22 Set
Mobile 08 Set
HOW DOES IT WORK
The operation is simple and requires an initial payment followed by monthly installments spread over 2 months “ starting from the signing date of the loan agreement “:
- initial payment at the time of purchase (1st installment). NB: the loan starts once the conditions are accepted by the user, and not after the expiry of the withdrawal period of 14 days
- payment of the 2nd installment the following month
- payment of the 3rd installment after 2 months
- interest: 0
- default charges: 0
- APR: 0
- early repayment: it is possible, in whole or in part, without charges
- withdrawal: possible at any time without giving any reasons (within 14 days from the date of signing the loan agreement)
- instrument: credit / debit card or c / c confirmed linked to PayPal account
The amount of the loan is in Euros and corresponds to the total amount paid by the user for eligible purchases made on a merchant’s website, including including in particular the price of the purchased item plus shipping costs, taxes , currency conversion rate and currency conversion rate, if applicable, as well as other rates or fees charged by the merchant.
Pay in 3 installments can only be requested by natural persons resident in Italy of the same age or over 18 years and holders of a Personal PayPal account with valid credit or debit card or bank account confirmation to connected to the PayPal account. More information is available at the link in SOURCE.