PayPal scraps late fees for buy now, pay later purchases

StreetInsider2021-08-18

By Anna Irrera LONDON (Reuters) - PayPal Holdings Inc will no longer charge customers late fees when they miss payments on buy now, pay later (BNPL) purchases globally, as competition heats up in the ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Barbarazhao
2021-08-19
Barbarazhao
Good move
Alfred1007
2021-08-19
Alfred1007
Try to stand out from credit card yeah?
Xiaobaibaix
2021-08-19
Xiaobaibaix
Weeeeeee
Janetkaneki
2021-08-19
Janetkaneki
Likes
- Kentlieu:
  Pypl
- Janetkaneki:
  Likes
KelvinChan
2021-08-19
KelvinChan
Good
ARIESan
2021-08-19
ARIESan
Yeahhhh good news?
- SeC:
  ?

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2160873752?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-08-18 23:15","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2160873752","market":"us","top_or_hot":-1,"title":"PayPal scraps late fees for buy now, pay later purchases","media":"StreetInsider","content":"<div>\n<p>By Anna Irrera\nLONDON (Reuters) - PayPal Holdings Inc will no longer charge customers late fees when they miss payments on buy now, pay later (BNPL) purchases globally, as competition heats up in the ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18835189\">Source Link</a>\n\n</div>\n","source":"highlight_streetinsider","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PayPal scraps late fees for buy now, pay later purchases</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPayPal scraps late fees for buy now, pay later purchases\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-18 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18835189><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Anna Irrera\nLONDON (Reuters) - PayPal Holdings Inc will no longer charge customers late fees when they miss payments on buy now, pay later (BNPL) purchases globally, as competition heats up in the ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18835189\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PYPL","symbol_name":"PayPal","start_time":0,"source_url":"https://www.streetinsider.com/dr/news.php?id=18835189","article_id":"2160873752","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2160873752","pubTimestamp":1629299700,"sourceInfo":{"source_id":"highlight_streetinsider","name":"StreetInsider"},"weMediaInfo":null,"summary":"By Anna Irrera\nLONDON (Reuters) - PayPal Holdings Inc will no longer charge customers late fees when","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"PYPL":"PayPal"},"translate_title":"PayPal现买现付滞纳金","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PYPL":0.9},"content_text":"By Anna Irrera\nLONDON (Reuters) - PayPal Holdings Inc will no longer charge customers late fees when they miss payments on buy now, pay later (BNPL) purchases globally, as competition heats up in the fast-growing sector.\nThe changes will be effective from October in the United States, the United Kingdom and France, the San Jose, California-based company said on Wednesday. PayPal's BNPL services in Germany and Australia are already free of late fees.\nThe company, which first started offering BNPL services last year, hopes the changes will help make its products more affordable and attractive for consumers.\n\"We felt late fees were hindering the customer experience,\" Greg Lisiewski, vice president of Global Pay Later Products at PayPal, said in an interview.\nThe changes come as more regulators across the world take a closer look at the fast-growing BNPL sector in a bid to ensure consumers do not take on more debt that they can handle.\n\"Given the massive rise and acceleration through the pandemic of this space, regulators across all geographies are taking notice,\" Lisiewski said.\n\"We think that is appropriate, and we do think late fees will be, and have been, part of that discussion, and we think being as customer friendly as possible puts you in a better place with regulators.\"\nAsked if there was a risk that dropping late fees would encourage more consumers to default on their loans, he said he didn't expect to see that. PayPal doesn't disclose default rates on BNPL purchases.\nBNPL services, which allow consumers to split payments for purchases into installments, have boomed globally during the pandemic, as many people have turned to shopping online.\nThe sector's explosive growth has led to increased competition.\nEarlier this month Square Inc, the payments firm led by Twitter CEO Jack Dorsey, announced it was buying Australian BNPL firm Afterpay Ltd.\nBNPL models vary, with some providers earning most profits by collecting fees from merchants at the point of sale, and others charging interest and late fees to consumers.\nPayPal's late fees vary based on country and U.S. state regulations. Since launching the service, the company has processed more than $3.5 billion in total payment volume through BNPL products, PayPal said. More than 7 million consumers have used the products, it said.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":831559179,"gmtCreate":1629336590491,"gmtModify":1676530006288,"author":{"id":"3576888762442253","authorId":"3576888762442253","name":"Barbarazhao","avatar":"https://static.tigerbbs.com/40f6fdeabe0e8cac300f1fd2a17eb3ac","vip":1,"crmLevel":8,"crmLevelSwitch":1,"idStr":"3576888762442253","authorIdStr":"3576888762442253"},"htmlText":"Good move","listText":"Good move","text":"Good move","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/831559179","repostId":2160873752,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":831580597,"gmtCreate":1629334995219,"gmtModify":1676530005526,"author":{"id":"3570656625926041","authorId":"3570656625926041","name":"Alfred1007","avatar":"https://static.tigerbbs.com/81d8406380cbc0525927f00a9510f2fa","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":2,"crmLevelSwitch":0,"idStr":"3570656625926041","authorIdStr":"3570656625926041"},"htmlText":"Try to stand out from credit card yeah?","listText":"Try to stand out from credit card yeah?","text":"Try to stand out from credit card yeah?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/831580597","repostId":2160873752,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":831201745,"gmtCreate":1629328131187,"gmtModify":1676530001719,"author":{"id":"4090835245062940","authorId":"4090835245062940","name":"Xiaobaibaix","avatar":"https://static.tigerbbs.com/19263ccc92eb63259fac52b84116dbc7","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":7,"crmLevelSwitch":1,"idStr":"4090835245062940","authorIdStr":"4090835245062940"},"htmlText":"Weeeeeee","listText":"Weeeeeee","text":"Weeeeeee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/831201745","repostId":2160873752,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":831622065,"gmtCreate":1629324880457,"gmtModify":1676530000568,"author":{"id":"4089331589542520","authorId":"4089331589542520","name":"Janetkaneki","avatar":"https://static.tigerbbs.com/0bfbc81bb439a2790ce04b3c86fce5e1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4089331589542520","authorIdStr":"4089331589542520"},"htmlText":"Likes","listText":"Likes","text":"Likes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/831622065","repostId":2160873752,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5571664,"gmtCreate":1629327205343,"gmtModify":1663232576936,"authorId":3570093481697004,"author":{"id":3570093481697004,"idStr":"3570093481697004","authorId":3570093481697004,"name":"Kentlieu","avatar":"https://static.tigerbbs.com/ae3ee305e39da5ce2f99805f9a422c93","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":831622065,"type":1,"supId":5571274,"prevId":0,"content":"<u>Pypl</u>","text":"<u>Pypl</u>","html":"<u>Pypl</u>"},{"id":5571274,"gmtCreate":1629324899989,"gmtModify":1663232574637,"authorId":4089331589542520,"author":{"id":4089331589542520,"idStr":"4089331589542520","authorId":4089331589542520,"name":"Janetkaneki","avatar":"https://static.tigerbbs.com/0bfbc81bb439a2790ce04b3c86fce5e1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":831622065,"type":1,"supId":0,"prevId":0,"content":"Likes","text":"Likes","html":"Likes"}],"langContent":"EN"},{"id":831685949,"gmtCreate":1629321869781,"gmtModify":1676530000166,"author":{"id":"3570776252336545","authorId":"3570776252336545","name":"KelvinChan","avatar":"https://static.tigerbbs.com/322f5dea7567e161ddef26aec462d83d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3570776252336545","authorIdStr":"3570776252336545"},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/831685949","repostId":2160873752,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":831683358,"gmtCreate":1629321154074,"gmtModify":1676530000072,"author":{"id":"4087545408973980","authorId":"4087545408973980","name":"ARIESan","avatar":"https://static.tigerbbs.com/ab7b9364a4791173d66fbb5fda8ef925","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087545408973980","authorIdStr":"4087545408973980"},"htmlText":"Yeahhhh good news?","listText":"Yeahhhh good news?","text":"Yeahhhh good news?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/831683358","repostId":2160873752,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5582170,"gmtCreate":1629389431188,"gmtModify":1663232624733,"authorId":3582371848241817,"author":{"id":3582371848241817,"idStr":"3582371848241817","authorId":3582371848241817,"name":"SeC","avatar":"https://static.tigerbbs.com/a226cf90d6854e9178341c90697ce373","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":831683358,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":64,"commentSize":14,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2160873752"}