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<\/div>\nQualified customers who make purchases in France via PayPal<\/a> can now pay in four equal installments over three months, San Jose, California-based PayPal Holdings said in a news release<\/a> on Tuesday (June 30).<\/p>\n Merchants will be paid in full immediately, PayPal said. Purchases must fall between 100 euros and 2,000 euros, or between about $112 and $2,240.<\/p>\n The program, which is being extended to France<\/a> as part of PayPal’s digital wallet offerings, should be especially helpful for small business owners, who are often excluded from France’s existing popular installment payment programs, PayPal said in its statement.<\/p>\n According to a 2019 survey of nearly 2,000 people in France performed for PayPal by CSA Research: “Online installments are incredibly popular with French consumers: 64 percent of users would have postponed or not completed their purchase without an installment option available, and 84 percent are more likely to shop again at a retailer who offers installments.”<\/p>\n PayPal already offers similar financing in the U.S., U.K. and Germany.<\/p>\n In the U.S., PayPal’s installment payment programs produced more than $50 billion in transactions during the first 10 years after their 2008 launch, the company said in a 2019 news release<\/a>.<\/p>\n In an SEC filing earlier this year, PayPal said its charge-off rate on consumer loans was about 4.1 percent in fiscal 2019, which ended Dec. 31, 2019. The charge-off rate is loan losses as a percentage of the overall loan and interest receivables. For fiscal 2019, an average of about 2 percent of loans were 90 days or more past due.<\/p>\n For fiscal 2019, PayPal reported net income of $2.5 billion, $2.09 per share, on revenue of $17.8 billion.<\/p>\n In another expansion outside its historic business lines, PayPal said<\/a> last week that it was expanding its cryptocurrency-related offerings for customers.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n Tags:<\/b> Pymnts <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"See Campaign: <\/strong>https:\/\/www.pymnts.com\/cryptocurrency\/2020\/paypal-to-offer-direct-crypto-sales\/<\/a>
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Qualified customers who make purchases in France via PayPal can now pay in four equal installments over three months, San Jose, California-based PayPal Holdings said in a news release on Tuesday (June 30). Merchants will be paid in full immediately, PayPal said. Purchases must fall between 100 euros and 2,000 euros, or between about $112 and $2,240. The program, … Continue reading PayPal Expands ‘Buy Now, Pay Later’ Option To France<\/span><\/a> Continue Reading