PayPal Pay in 3 installments: interest-free financing for online purchases

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.

PayPal, da app a wallet digitale all-in-one

Android 22 Set

PayPal ingloba la giapponese Paidy e punta al buy-now-pay-later

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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.


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