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PayPal Expands Pay Later Options

New Features Offer More Flexibility for Customers

Extended Payment Terms, Increased Purchase Limits

PayPal has announced the expansion of its Pay Later options, offering customers greater flexibility in managing their finances. The new features include extended payment terms and increased purchase limits.

Customers can now spread the cost of purchases over six weeks or up to 12 months, depending on the merchant and the transaction value. Previously, the maximum payment term was 6 weeks. Additionally, purchase limits have been increased to $1,000 for Pay in 4 and $4,000 for Pay Monthly.

The expanded Pay Later options provide customers with more time and flexibility to make purchases and manage their cash flow. They can avoid high-interest credit card debt and access essential goods and services when they need them most.