PayPal it is undoubtedly one of the most popular digital payment services. On his side there are the 100% refund in case of scam and return (a feature loved by all) and a very smooth payment method that does not present "snags". From poco, PayPal at Italy has added a new service: the payment in installments without any interest within a digit search. An initiative that the company has communicated on its own Official site. Let's see how it works.
PayPal has reached a turning point in Italy: for a few days it has been possible to buy in installments and without interest. Here's how the service works
PayPal has introduced in Italy the payment in installments for almost all the services without the need to pay interest on the amount spent. A sort of deferred payment but without no hidden quibbles. In fact, PayPal has always been a very transparent service.
But how does the installment payment we are talking about work? Very simple. When we go to buy a good or service that costs from € 30 to € 2000, the application will give us the opportunity to choose the payment in three installments without interest. Interest is a very interesting topic because PayPal is one of the few platforms that does not require it. The rate of the Actual APR is in fact equal to 0.
"Pay in 3 installments ”is a loan whereby the user can pay in three interest-free installments the eligible purchases (from EUR 30 to EUR 2.000) made using their PayPal account. At the time of purchase, an initial payment is made, followed by monthly installments spread over two months starting from the date of signing the loan agreement. Payment is made via a valid debit or credit card or a confirmed bank account linked to your PayPal account as a payment method
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The company confirms that this service it is to all intents and purposes a loan, therefore, a binding commitment which, if not respected, entails penalties. Which? We read from the press release:
In the event that the user does not make a refund, this could have serious consequences for the same, including but not limited to difficulties in obtaining other loans even with third-party creditors, effects on their credit reputation and potential legal actions against them. to recover the credit
This initiative will certainly be very welcome to those who use the service. Service that is in addition to what the trading of cryptocurrencies on PayPal. Unfortunately, however, the latter has not yet arrived in Italy.
