PayPal Expands “Buy Now, Pay Later” Service in France


Qualified customers who make purchases in France through PayPal can now pay in four equal installments over three months, said PayPal Holdings, based in San Jose, California, in a press release Tuesday, June 30.

Merchants will be paid in full immediately, said PayPal. Purchases must be between 100 euros and 2000 euros, or between 112 and 2240 dollars approximately.

The program, which is being extended to France as part of PayPal’s digital wallet offerings, should be particularly useful for small business owners, who are often excluded from popular installment payment programs in force in France, said PayPal in its press release.

According to a survey carried out in 2019 among nearly 2,000 people in France for PayPal by CSA Research: “Online payments are incredibly popular with French consumers: 64% of users would have postponed or not completed their purchase without a payment option available, and 84% are more likely to shop again at a retailer that offers payments. ”

PayPal already offers similar financing in the United States, the United Kingdom and Germany.

PayPal’s installment programs in the U.S. generated more than $ 50 billion in transactions in the first 10 years after their launch in 2008, the company said in a 2019 press release.

In a filing with the SEC earlier this year, PayPal said its consumer loan imputation rate was approximately 4.1% in fiscal 2019, which ended on December 31, 2019. The allocation rate corresponds to loan losses as a percentage of the global loan and interest receivables. For fiscal 2019, on average about 2% of the loans were 90 days or more past due.

For fiscal year 2019, PayPal reported net earnings of $ 2.5 billion, or $ 2.09 per share, on revenues of $ 17.8 billion.

In another expansion outside of its historic lines of business, PayPal said last week that it is expanding its cryptocurrency-related offerings for customers.



Payments were starting to become “instant” when the pandemic hit. As the nation and the economy struggle to reopen and reinvent, failures around slow stimulus payments and SBA loans that have yet to reach some have joined the call for large-scale instant payments. With the FedNow initiative from the Federal Reserve in years, PYMNTS CEO Karen Webster is bringing together a trio of experts to plan the delivery of instant payments … instantly.


Please enter your comment!
Please enter your name here