PayPal Stories Archive

It’s been a busy year for PayPal Credit! From announcing our milestone of reaching $50B in transaction volume, to supporting government workers during the government shutdown in January, and some recent new thought leadership in the fashion industry, there’s a lot to reflect on as we head into the busy holiday season with our merchants.

 

Online purchase financing with PayPal Credit has become an important tool for millions of consumers looking to buy now and pay over time, and we know this rings especially true during the holidays. U.S. consumer holiday spending has historically increased[1] during this time of year, and mobile shopping eclipsed desktop shopping for the first time in the 2018 holiday season[2].

 

We’re here to help more retailers attract more customers and drive sales this holiday season, which is why today we announced that PayPal Credit is extending its promotional financing offering to purchases starting at $30 for the first time. Retailers will be able to offer 3 month Easy Payments at 0% APR on purchases of $30 and above; no initial payment is due at purchase from the consumer and retailers are paid up front.  (See terms.) PayPal Credit is providing an easy integration with a singular line of code that will allow merchants to promote the offer across their online storefronts.

 

Merchants will benefit from millions of existing PayPal Credit customers who are able to take advantage of the 3 month Easy Payments offer. Unlike one-time use installment products, shoppers do not need to apply for a new credit line each time they use PayPal Credit. 90% of PayPal Credit spend is made by existing customers reusing their credit line and doesn’t require a new credit application. 

 

We’re excited to provide this offering to merchants as we head into the bustling holiday season!

 

To learn more about this offer, email us or reach out to your PayPal representative.

 

[1]2018 Deloitte holiday retail survey, https://www2.deloitte.com/us/en/insights/industry/retail-distribution/holiday-retail-sales-consumer-survey.html

[2]2018 Salesforce Holiday Shopping Report, https://www.salesforce.com/solutions/industries/retail/holiday-shopping-report/