eBay offers deferred payment services

Postpaid PayPal service (PayPal Pay Later) allows online business merchants to open a credit account with flexible financial options, such as no immediate payment within 90 days.

EBay announced on August 2, the PayPal online payment service of the auction network will partner with GE Cash Bank owned by General Electric Group (USA) to launch credit services. Postpaid PayPal finance.

eBay is working on flexible payment mechanisms to bring PayPal closer to business.Photo: Ballzout-skate

A spokeswoman, on behalf of PayPal, said the interesting thing that could be seen at this late payment service is that PayPal and GE will share the credit that customers borrow for shopping, so the interest rate is The application will be competitive compared to all other well-known credit products.

According to the spokesperson, traders will not have to pay any additional fees when using this service in addition to the normal usage fee applied by PayPal.

Research conducted by eBay shows that 56% of PayPal users buy goods from retail networks more often if they are selected for deferred payment.

Reportedly, online payment service PayPal is currently facing increased competition from other rivals such as Google and Checkout, who have made a focused effort to win the business operations of eBay.

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