PayPal informed its users about new terms of use for the payment service last September. This also included the announcement of a new payment method: customers should also have the option, for example, of only paying for orders on the Internet after 30 days. After a few months of waiting, the service has finally introduced the new feature in this country.
The new variant will be introduced in parallel with the payment after 14 days that has been available for some time, which will therefore not be replaced. The new terms and conditions came into force on November 10, 2021 – however, the new payment option has only now been implemented.
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PayPal: Pay after 30 days – this is how it works
If customers pay via PayPal, they will then be shown the new 30-day variant, which can be selected with a simple click, in parallel to the immediate transfer and the payment after 14 days.
The recipient then receives the money immediately, but the amount due is only debited from the buyer’s account after 30 days. PayPal puts the money out for the customer over the selected period of time, so to speak, a manual transfer after the period has expired is not necessary.
The advantage for customers: If the money for an order is tight, you can use the buffer period – for example until the next paycheck arrives.