Spreading an expense over several months without giving up the desired product is no longer an option reserved for traditional credit cards. PayPal introduces in Italy Pay in 6, 12 or 24 installments, a solution that combines digital flexibility and credit assessment criteria and which is accompanied by another similar initiative introduced four years ago.
PayPal Pay in 6, 12, or 24 installments: Here's how it works in Italy
The service allows you to defer payments purchases between €60 and €5000 in fixed monthly installments. Technically, it's a personal loan, with an APR that varies based on the user's profile and can sometimes be reduced to zero thanks to periodic promotions.
However, not everyone can access it. Eligibility depends on: requirements precise: be of legal age, resident in Italy, have a PayPal account in good standing associated with a bank account or debit card. Business accounts are excluded.Each loan is for a single transaction: if you wish to pay in installments for a new purchase, a new application and a new assessment by PayPal are required.
An interesting aspect concerns the multiple shipment managementIf an order includes items shipped at different times, interest begins accruing from the first item shipped and the remaining loan balance updates progressively.
The first installment is generally charged one month after the loan is disbursed, with subsequent payments automatically scheduled.
However, those who prefer to maintain direct control can make manual refunds, using the payment methods linked to their account. The possibility of Manage everything from the PayPal app or “Wallet” on desktop offers an immediate interface that transforms a complex financial procedure into an intuitive experience.
There is also a time constraint: The service is not suitable for items shipped more than 29 days after purchase.. For more information about the program PayPal Pay in 6, 12 or 24 installments We invite you to visit the dedicated page on the official website.
