PayPal Stories Archive

Around the world, consumers’ relationship with credit is evolving before our eyes and reliance on general purpose credit cards is on the decline: 63 percent of US millennials do not even carry a credit card, and consumers of all ages across the globe demand more visibility and control of their personal finances. 

 

Today, we’re announcing the expansion of PayPal Credit Easy Payments, which has been live on Apple.com in the US and UK since December 2014, with several large merchants, including Shop.com, Keurig and Canon in the US; and Chain Reaction Cycles in the UK.  PayPal Credit is also now working with several exclusive partners to introduce installment financing to German consumers.

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Shoppers simply want more flexibility in how they pay for the items they want and need. That’s why we created Easy Payments, which is based on PayPal Credit’s revolving line of credit and are installment-like payment plans that give shoppers a fixed, regular and predictable monthly payment schedule. Smart merchants understand that shoppers wantinstallment-like credit offerings, and that services like Easy Payments will help improve average order value, customer acquisition, conversion and customer satisfaction.

 

The rising popularity of installment financing is proof that shoppers want more clarity and predictability than credit cards typically deliver. By making the exact same monthly payment for a known number of months, a shopper knows in advance when his or her purchase will be paid off. We are excited to help merchants meet these evolving credit demands of these tech-savvy shoppers around the world.