Monday, July 22, 2024
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PAY IN 3

PayPal has launched PayPal Pay in 3, allowing UK businesses of all sizes to offer buy now, pay later payments. Businesses can offer customers the option of three interest free payments on purchases between £45 and £2000.

PayPal claim Pay in 3 will help businesses drive checkout conversion, revenue and customer loyalty, within the existing PayPal pricing. PayPal will pay the business or retailer upfront for the full cost of the purchase. Rob Harper, UK director of enterprise accounts at PayPal, said: “During the coronavirus pandemic, we have seen the number of people in the UK shopping online increase dramatically. At the same time, many more consumers are looking to spread the cost of those purchases. We have developed PayPal Pay in 3 to meet that need, building on our heritage as a responsible lender through PayPal Credit, which we launched in the UK in 2014 and which has served more than two million customers to date”.
www.paypal.com/uk/business/pay-in-3/pre-register

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