PayPal launches Payment after 30 days in Germany
PayPal is expanding its ‘Pay later’ offer in Germany. This week, it has announced the launch of its new payment option ‘Payment after 30 days’. Customers can select the new option for purchases up to 1.000 euros and pay for it after 30 days without additional costs.
Online payment method PayPal is a popular payment method throughout Europe. In 2020, it became the most popular payment method among Germans. Like its competitor Klarna, PayPal has an option called ‘Pay Later’ worldwide, where customers can make purchases and pay later. In most countries, customers have to pay within 21 days. Now, the company is expanding that to 30 days in Germany.
Automatically debited after 30 days
German shoppers can select ‘Payment after 30 days’ in their PayPal account for purchases up to 1.000 euros. After that, the amount that is due is automatically debited after 30 days by direct debit. This way, customers don’t need to make a bank transfer themselves. The due date and outstanding amount are also mentioned in the account, and customers also have the option to pay it before the 30 days have expired.
‘Merchants can add PayPal’s ‘Pay Later’ button to their online store.’
While customers can find Payment after 30 days in their PayPal account, merchants are also able to add PayPal’s ‘Pay later’ button to their online store. After clicking on that button, customers can log into their PayPal account and choose ‘Pay Later’ or ‘Payment in 30 days’.
Combination of popular payment methods
“With the introduction of ‘Payment after 30 days’, we want to provide our customers with another simple, flexible and secure solution for online shopping. We see ourselves as a partner to our customers and support responsible purchasing behavior. For us, this includes offering customers transparency and an overview of outstanding payments, as well as carrying out credit checks for all ‘Pay Later’ transactions and waiving late fees worldwide. For us, the focus is on long-term customer satisfaction across our entire product range”, says Jörg Kablitz, Managing Director PayPal Germany, Austria and Switzerland.
‘We want to provide our customers with a flexible and secure solution for online shopping.’
According to the company, the new service combines the two most popular payment methods in Germany: PayPal and purchase on account. This is, indeed a favorite among Germans. German consumers prefer to inspect their purchase before their payment is due.