For purchases executed digitally, PayPal consumers can apply for interest-free credit even with transactions valued at £150 or more.
In the UK, PayPal has given the traditional credit card a run for its money with the launch of PayPal Credit, an offering enabling shoppers to spread out payments for purchases executed digitally. Consumers can apply for credit even with transactions coming in at £150 or more.
With the scheme in place and limits set person by person via the facility, purchases within the aforementioned bracket are being offered interest-free for up to four months. Past the said duration, online buys are expected to be subject the standard variable 17.9 percent interest rate.
Boasting a seamless process which includes a credit check and instant availability upon approval, signing up for the programme can be done online. Promising quick delivery and easy repayment reminders, application for the programme commands approximately 10 minutes.
