#BNPL #POSFinance / PayPal introduces interest-free buy-now-pay-later product

PayPal has launched Pay in 4, a short-term interest-free buy-now-pay-later instalment offering for merchants… PayPal says Pay in 4 can help merchants drive conversion, revenue and customer loyalty without taking on additional risk or paying any additional fees.

Merchants get paid upfront while customers pay for purchases between $30 and $600 in four instalments over a six-week period with no fees or interest.

[PayPal:] “With Pay in 4, we’re building on our history as the originator in the buy now, pay later space, coupled with PayPal’s trust and ubiquity, to enable a responsible and flexible way for consumers to shop while providing merchants with a tool that helps drive sales, loyalty and customer choice.”