Payments in installments with PayPal up to the limit of 2 thousand euros

Payments in installments with PayPal up to the limit of 2 thousand euros

The San Jose company has finally activated payments in 3 installments up to a pre-set threshold: is everyone happy, from customers to merchants?

Using the PayPal payment system on an Apple iPad Air
Using the PayPal payment system on an Apple iPad Air

Also PayPalhas finally adapted to the trend. Payment by installments has never been easier than in recent months, because more and more platforms offer the possibility of install digital payments in order to make them more sustainable for the wallet.

The advantage of the new installment payment signed by PayPal is that it is an interest-free deferral and without the need to provide all the documentation and paperwork that would normally be required by a loan.

How to boost eCommerce using customer photographs

The PayPal logo
The PayPal logo

The Californian giant and its new "policy"

Le condizioni to be able to access the installment payment are really very few and non-binding. The payment will in fact be made through credit card o Debit Card, or through checking account hooked to PayPal. In case you have to change your mind on the purchase, the installments do not preclude any possibility: you can always receive a refund within 14 working days to the extent that you have already paid the amount of money.

The total must not exceed 2000 euros and the installments are three, with no interest to add. A really interesting opportunity, therefore, which transforms even the most reckless purchase into a series of three installments that are much more digestible from the current account.

eCommerce: which pages are decisive for making it work?

The San Jose, California headquarters of secure payment giant PayPal
The San Jose, California headquarters of secure payment giant PayPal

Buy Now, Pay Later: how the new BNPL works

Now comes the call BNPL extension, buy now and pay later, but the concept is the same as the installment payment as old as humanity. BNPL's online solutions are diverse, ranging from social lending to digital installments, but what matters is that for some years now this service has no longer been exclusive to credit card operators.

Digital payment managed in this way, without interest or APR, is much more convenient for both consumers and merchants, due to the simple fact that the customer appreciates eCommerce that can offer systems of flexible payment, deferred or not, in a simple and risk-free way. Without the possibility of fraud, therefore, but also without having to put up with all the credit and solvency procedures that would be the responsibility of any financing procedure.

Lastly, PayPal at the moment does not provide for the payment of penalties in the event of late payment of an installment.

eCommerce: why 70% of users abandon their cart?

PayPal makes a lot of talk about itself by virtue of the many payment innovations introduced
PayPal makes a lot of talk about itself by virtue of the many payment innovations introduced

eCommerce and installments: two sides of the same coin

The development of solutions BNPL extension è closely linked to the shopping boom in eCommerce and the rise of pagamenti online in recent years, also driven by the consistent growth of digital traffic mainly due to the pandemic situation.

The system BNPL extension it is in fact an installment model of digital purchases that several eCommerce of a certain thickness have already made available for some time. Let's think for example of Amazon, but not only. The rise of online shopping is indeed accompanied by flexible payment solutionscapable of making all customers happy. The buy now and pay later is in fact part of a larger process than optimization of electronic payment thought to reduce the level of cart abandonment – something we have already done before.

The installment payment option also expands sales opportunities on the Italian market. This means that the digital purchases become more accessible, more inviting, and desirable. Therefore, not only longer return times and faster refunds, but also payment deferment strategies aimed at relieving the customer of the burden of a large expense, in a single solution.

The PayPal service can be used by affiliated eCommerce to provide easy payment solutions to their customers. This possibility, in fact, requires the support of specialized companies that will take care of the entire bureaucratic process, relieving the operator of a big job which would inevitably end up affecting prices.

The user requests and obtains payment by installments without problems, PayPal earns a commission and the merchant is satisfied because he has managed to make a conversion where, by paying in a single solution, the sale probably would never have occurred. They all won.

eCommerce: that's why scaled photos make the difference

The term eCommerce refers to various forms of electronic or Internet commerce
The term eCommerce refers to various forms of electronic or Internet commerce

BNPL: is it really worth paying… a little further?

Una deferred paymentespecially if done interest-free and interest-free, without documents and with possibility of refund and return – even without penalties – it is an opportunity that few customers satisfied with your standard of communication would miss. B's solutionsNPL they reset a psychological threshold differently felt, or that of spending in a single solution. It is not a case that Amazon, as well as PayPal, offers a payment deferment service starting from a minimum cost of 30 euro.

The upside is that there's no paperwork involved: none credit agency who asks you about solvency, No problem. You pay for everything with a confirmation, on time and without stress. For the customer it is an advantage, and for the operator it is equally a great satisfaction.

PayPal enters the payment deferment market with a straight leg and raises the stakes compared to the competition, reaching a maximum expenditure of 2 thousand euros to be deferred where Klarna offers this solution only for expenses not exceeding one thousand euros.

Podcast, forty visionary years of Elon Musk from the Web to Mars

The San Jose, California headquarters of secure payment giant PayPal
The San Jose, California headquarters of secure payment giant PayPal