News

PayPal Launch PayPal Buyer Credit

Friday 25 June 2004 16:36 CET | News

PayPal has launched PayPal Buyer Credit, in an agreement with GE Consumer Finance, PayPal Buyer Credit offers U.S. PayPal customers the option to open a line of credit to fund purchases on eBay or any other Web site that accepts PayPal.

With PayPal Buyer Credit, customers can increase their purchasing power, allowing them to buy items when they want them and pay for them when they choose. Additionally, by using PayPal Buyer Credit for their purchases, buyers receive full Buyer Protection from PayPal if their items are significantly different than described on eBay, or if their items are never received. PayPal Buyer Credit also benefits qualified eBay sellers by giving them the ability to offer deferred interest for up to three, six or 12 months for buyer purchases over $199. With these promotional financing offers, eBay sellers of all sizes can make their items more affordable to buyers and be competitive with traditional retailers that offer similar financing. Because buyers make payments directly to GE Consumer Finance, sellers are not at risk of buyer payment default. Sellers get paid in full by PayPal immediately upon close of the transaction. Customers who apply for PayPal Buyer Credit receive a credit decision in as soon as 30 seconds. Credit lines are determined by GE Consumer Finance according to the buyers credit history. PayPal Buyer Credit applications can be accessed from the PayPal Web site at https://www.paypal.com/buyercredit.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ,
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce







Industry Events