PayPal launches Pay in 30 days for UK shoppers

PayPal is expanding its credit suite in the UK with the launch of 'Pay in 30 Days.' This interest-free option allows customers to defer payment for small-to-mid-sized purchases for a full month. For retailers already using PayPal, this adds a low-friction tool at checkout to help reduce cart abandonment. Many shoppers prefer a 30-day window over multi-installment plans for routine purchases like clothing or small electronics. This allows them to receive and inspect the product before the money leaves their bank account. Unlike the existing 'Pay in 3' installments, this new product focuses on flexibility for everyday spending. As a merchant, you don't have to manage the collections process; PayPal takes on the credit risk while paying you upfront. This launch is a direct move to compete with Klarna’s popular 'Pay Later' feature. It gives your UK customers more ways to manage their cash flow without standard credit card interest. Integrating these features can help capture younger demographics who are increasingly avoiding traditional high-interest debt. The service is automatically available to millions of PayPal users, meaning there is no heavy lifting for stores already integrated into the PayPal ecosystem.

Source: Finextra — Lending

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