PayPal has announced the availability of PayPal Pay in 3 into its PayPal digital wallet, which allows shoppers to make purchases between GBP 45 and GBP 2,000 by paying over three interest-free payments.
PayPal Pay in 3 gives customers the choice to split bigger purchases into three equal amounts. Customers will make the first payment at the time of purchase and the next two payments each month on the same date.
PayPal Pay in 3 plans will appear in the PayPal digital wallet as a Pay Later choice when you select to pay via PayPal at the checkout in addition to seeing the “Pay Later” choice on many retailer sites.
PayPal Pay in 3 is integrated into a customer’s PayPal account, accessible online or via the PayPal app, meaning they can easily see the details of their payment plans. PayPal sends an email or SMS to notify when the next payment is due, so customers are reminded a payment will be taken soon via their debit card.
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