Paypal offers more flexibility to its users and now allows them to opt for payment in four installments, for any purchase for an amount between 100 and 2000 €. The maximum duration of this deadline cannot exceed three months.
After offering the possibility of paying for purchases via a QR Code to avoid physical payments as much as possible during the health crisis, Paypal has decided to leave more flexibility to its users. Indeed, the payment service announces this Tuesday, June 30, 2020 that users will now be able to opt for payment in four installments.
These payment facilities will be possible for any purchase of which the amount is between 100 and 2000 €, and the duration of this deadline cannot exceed three months. To take advantage of it, simply click on the “4x Payment” tab located in the list of payment options available on your Paypal account.
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Get ahead with partial refunds
Once the procedure is triggered, Paypal sends the user a summary of the schedule, with all the dates of upcoming withdrawals. In addition, the service notifies the customer by email before each imminent withdrawal. More appreciable, it is also possible to make partial refunds or pay the entire remaining sum at all times.
Note that this method of payment is not free of charge. Indeed, they amount to 2,1% of the total amount of your purchase. They cannot exceed 20 euros however. These fees are automatically debited from your Paypal account at the time of the first deposit. Regarding traders, nothing changes for them and no additional charges are applied if one of their customers opts for a Paypal payment in 4 installments. Some professionals nevertheless regret not being able to cover the costs associated with the spread of payment, in order to further encourage customers to use this method of payment.
Read also: Paypal launches Xoom in Europe, a competitor of Western Union for money transfers
