PayPal scraps late fees for buy now, pay later purchases

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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 ...

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Comment（14）

Barbarazhao
·2021-08-19
Good move
Reply
1
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Alfred1007
·2021-08-19
Try to stand out from credit card yeah?
Reply
Like
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Xiaobaibaix
·2021-08-19
Weeeeeee
Reply
4
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Janetkaneki
·2021-08-19
Likes
Reply
1
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Fold Replies
- Kentlieu:
  Pypl
  2021-08-19
  Reply
  Report
- Janetkaneki:
  Likes
  2021-08-19
  Reply
  Report
KelvinChan
·2021-08-19
Good
Reply
3
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ARIESan
·2021-08-19
Yeahhhh good news?
Reply
3
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Fold Replies
- SeC:
  ?
  2021-08-20
  Reply
  Report
QuantDev
·2021-08-18
So good!
Reply
7
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Fold Replies
- KelvinChan:
  Nice
  2021-08-19
  Reply
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- Btdj:
  Yeah
  2021-08-19
  Reply
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- Julisuqin:
  Yes so good!
  2021-08-18
  Reply
  Report
HL2022
·2021-08-18
good
Reply
5
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- PS153:
  yes
  2021-08-18
  Reply
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ChihYoung
·2021-08-18
Y
Reply
5
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sx2021
·2021-08-18
great
Reply
6
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- JBT:
  Ok
  2021-08-18
  Reply
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Huatheng
·2021-08-18
Pls like. Thanks
Reply
8
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Calvinq
·2021-08-18
Like pls. PYPL ?
Reply
2
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- Huatheng:
  Ok
  2021-08-18
  Reply
  Report
我不是股神我是赌神
·2021-08-18
Ok
Reply
4
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- 我不是股神我是赌神:
  Ok
  2021-08-20
  Reply
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BellaEng
·2021-08-18
Good
Reply
3
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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. 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More than 7 million consumers have used the products, it said.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","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":6,"crmLevelSwitch":1},"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,"repost":{"id":"2160873752","pubTimestamp":1629299700,"share":"https://www.laohu8.com/m/news/2160873752?lang=&edition=full","pubTime":"2021-08-18 23:15","market":"us","language":"en","title":"PayPal scraps late fees for buy now, pay later purchases","url":"https://stock-news.laohu8.com/highlight/detail?id=2160873752","media":"StreetInsider","summary":"By Anna Irrera\nLONDON (Reuters) - PayPal Holdings Inc will no longer charge customers late fees when","content":"<p><img src=\"https://static.tigerbbs.com/fe7c8905648586c2f6908485f9d95eaf\" tg-width=\"200\" tg-height=\"133\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>By Anna Irrera</p>\n<p>LONDON (Reuters) - <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> 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.</p>\n<p>The 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.</p>\n<p>The company, which first started offering BNPL services last year, hopes the changes will help make its products more affordable and attractive for consumers.</p>\n<p>\"We felt late fees were hindering the customer experience,\" Greg Lisiewski, vice president of Global Pay Later Products at PayPal, said in an interview.</p>\n<p>The 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.</p>\n<p>\"Given the massive rise and acceleration through the pandemic of this space, regulators across all geographies are taking notice,\" Lisiewski said.</p>\n<p>\"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.\"</p>\n<p>Asked 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.</p>\n<p>BNPL 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.</p>\n<p>The sector's explosive growth has led to increased competition.</p>\n<p>Earlier this month Square Inc, the payments firm led by <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> CEO Jack Dorsey, announced it was buying Australian BNPL firm Afterpay Ltd.</p>\n<p>BNPL 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.</p>\n<p>PayPal'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.</p>","source":"highlight_streetinsider","collect":0,"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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18835189","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160873752","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.","news_type":1},"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},"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,"repost":{"id":"2160873752","pubTimestamp":1629299700,"share":"https://www.laohu8.com/m/news/2160873752?lang=&edition=full","pubTime":"2021-08-18 23:15","market":"us","language":"en","title":"PayPal scraps late fees for buy now, pay later purchases","url":"https://stock-news.laohu8.com/highlight/detail?id=2160873752","media":"StreetInsider","summary":"By Anna Irrera\nLONDON (Reuters) - PayPal Holdings Inc will no longer charge customers late fees when","content":"<p><img src=\"https://static.tigerbbs.com/fe7c8905648586c2f6908485f9d95eaf\" tg-width=\"200\" tg-height=\"133\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>By Anna Irrera</p>\n<p>LONDON (Reuters) - <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> 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.</p>\n<p>The 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.</p>\n<p>The company, which first started offering BNPL services last year, hopes the changes will help make its products more affordable and attractive for consumers.</p>\n<p>\"We felt late fees were hindering the customer experience,\" Greg Lisiewski, vice president of Global Pay Later Products at PayPal, said in an interview.</p>\n<p>The 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.</p>\n<p>\"Given the massive rise and acceleration through the pandemic of this space, regulators across all geographies are taking notice,\" Lisiewski said.</p>\n<p>\"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.\"</p>\n<p>Asked 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.</p>\n<p>BNPL 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.</p>\n<p>The sector's explosive growth has led to increased competition.</p>\n<p>Earlier this month Square Inc, the payments firm led by <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> CEO Jack Dorsey, announced it was buying Australian BNPL firm Afterpay Ltd.</p>\n<p>BNPL 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.</p>\n<p>PayPal'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.</p>","source":"highlight_streetinsider","collect":0,"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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18835189","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160873752","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.","news_type":1},"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":3,"crmLevelSwitch":1},"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,"repost":{"id":"2160873752","pubTimestamp":1629299700,"share":"https://www.laohu8.com/m/news/2160873752?lang=&edition=full","pubTime":"2021-08-18 23:15","market":"us","language":"en","title":"PayPal scraps late fees for buy now, pay later purchases","url":"https://stock-news.laohu8.com/highlight/detail?id=2160873752","media":"StreetInsider","summary":"By Anna Irrera\nLONDON (Reuters) - PayPal Holdings Inc will no longer charge customers late fees when","content":"<p><img src=\"https://static.tigerbbs.com/fe7c8905648586c2f6908485f9d95eaf\" tg-width=\"200\" tg-height=\"133\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>By Anna Irrera</p>\n<p>LONDON (Reuters) - <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> 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.</p>\n<p>The 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.</p>\n<p>The company, which first started offering BNPL services last year, hopes the changes will help make its products more affordable and attractive for consumers.</p>\n<p>\"We felt late fees were hindering the customer experience,\" Greg Lisiewski, vice president of Global Pay Later Products at PayPal, said in an interview.</p>\n<p>The 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.</p>\n<p>\"Given the massive rise and acceleration through the pandemic of this space, regulators across all geographies are taking notice,\" Lisiewski said.</p>\n<p>\"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.\"</p>\n<p>Asked 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.</p>\n<p>BNPL 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.</p>\n<p>The sector's explosive growth has led to increased competition.</p>\n<p>Earlier this month Square Inc, the payments firm led by <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> CEO Jack Dorsey, announced it was buying Australian BNPL firm Afterpay Ltd.</p>\n<p>BNPL 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.</p>\n<p>PayPal'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.</p>","source":"highlight_streetinsider","collect":0,"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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18835189","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160873752","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.","news_type":1},"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},"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,"repost":{"id":"2160873752","pubTimestamp":1629299700,"share":"https://www.laohu8.com/m/news/2160873752?lang=&edition=full","pubTime":"2021-08-18 23:15","market":"us","language":"en","title":"PayPal scraps late fees for buy now, pay later purchases","url":"https://stock-news.laohu8.com/highlight/detail?id=2160873752","media":"StreetInsider","summary":"By Anna Irrera\nLONDON (Reuters) - PayPal Holdings Inc will no longer charge customers late fees when","content":"<p><img src=\"https://static.tigerbbs.com/fe7c8905648586c2f6908485f9d95eaf\" tg-width=\"200\" tg-height=\"133\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>By Anna Irrera</p>\n<p>LONDON (Reuters) - <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> 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.</p>\n<p>The 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.</p>\n<p>The company, which first started offering BNPL services last year, hopes the changes will help make its products more affordable and attractive for consumers.</p>\n<p>\"We felt late fees were hindering the customer experience,\" Greg Lisiewski, vice president of Global Pay Later Products at PayPal, said in an interview.</p>\n<p>The 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.</p>\n<p>\"Given the massive rise and acceleration through the pandemic of this space, regulators across all geographies are taking notice,\" Lisiewski said.</p>\n<p>\"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.\"</p>\n<p>Asked 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.</p>\n<p>BNPL 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.</p>\n<p>The sector's explosive growth has led to increased competition.</p>\n<p>Earlier this month Square Inc, the payments firm led by <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> CEO Jack Dorsey, announced it was buying Australian BNPL firm Afterpay Ltd.</p>\n<p>BNPL 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.</p>\n<p>PayPal'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.</p>","source":"highlight_streetinsider","collect":0,"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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18835189","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160873752","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5571664,"gmtCreate":1629327205343,"gmtModify":1663232576936,"authorId":3570093481697004,"author":{"id":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,"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},"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,"repost":{"id":"2160873752","pubTimestamp":1629299700,"share":"https://www.laohu8.com/m/news/2160873752?lang=&edition=full","pubTime":"2021-08-18 23:15","market":"us","language":"en","title":"PayPal scraps late fees for buy now, pay later purchases","url":"https://stock-news.laohu8.com/highlight/detail?id=2160873752","media":"StreetInsider","summary":"By Anna Irrera\nLONDON (Reuters) - PayPal Holdings Inc will no longer charge customers late fees when","content":"<p><img src=\"https://static.tigerbbs.com/fe7c8905648586c2f6908485f9d95eaf\" tg-width=\"200\" tg-height=\"133\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>By Anna Irrera</p>\n<p>LONDON (Reuters) - <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> 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.</p>\n<p>The 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.</p>\n<p>The company, which first started offering BNPL services last year, hopes the changes will help make its products more affordable and attractive for consumers.</p>\n<p>\"We felt late fees were hindering the customer experience,\" Greg Lisiewski, vice president of Global Pay Later Products at PayPal, said in an interview.</p>\n<p>The 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.</p>\n<p>\"Given the massive rise and acceleration through the pandemic of this space, regulators across all geographies are taking notice,\" Lisiewski said.</p>\n<p>\"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.\"</p>\n<p>Asked 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.</p>\n<p>BNPL 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.</p>\n<p>The sector's explosive growth has led to increased competition.</p>\n<p>Earlier this month Square Inc, the payments firm led by <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> CEO Jack Dorsey, announced it was buying Australian BNPL firm Afterpay Ltd.</p>\n<p>BNPL 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.</p>\n<p>PayPal'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.</p>","source":"highlight_streetinsider","collect":0,"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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18835189","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160873752","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.","news_type":1},"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},"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,"repost":{"id":"2160873752","pubTimestamp":1629299700,"share":"https://www.laohu8.com/m/news/2160873752?lang=&edition=full","pubTime":"2021-08-18 23:15","market":"us","language":"en","title":"PayPal scraps late fees for buy now, pay later purchases","url":"https://stock-news.laohu8.com/highlight/detail?id=2160873752","media":"StreetInsider","summary":"By Anna Irrera\nLONDON (Reuters) - PayPal Holdings Inc will no longer charge customers late fees when","content":"<p><img src=\"https://static.tigerbbs.com/fe7c8905648586c2f6908485f9d95eaf\" tg-width=\"200\" tg-height=\"133\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>By Anna Irrera</p>\n<p>LONDON (Reuters) - <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> 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.</p>\n<p>The 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.</p>\n<p>The company, which first started offering BNPL services last year, hopes the changes will help make its products more affordable and attractive for consumers.</p>\n<p>\"We felt late fees were hindering the customer experience,\" Greg Lisiewski, vice president of Global Pay Later Products at PayPal, said in an interview.</p>\n<p>The 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.</p>\n<p>\"Given the massive rise and acceleration through the pandemic of this space, regulators across all geographies are taking notice,\" Lisiewski said.</p>\n<p>\"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.\"</p>\n<p>Asked 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.</p>\n<p>BNPL 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.</p>\n<p>The sector's explosive growth has led to increased competition.</p>\n<p>Earlier this month Square Inc, the payments firm led by <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> CEO Jack Dorsey, announced it was buying Australian BNPL firm Afterpay Ltd.</p>\n<p>BNPL 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.</p>\n<p>PayPal'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.</p>","source":"highlight_streetinsider","collect":0,"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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18835189","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160873752","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5582170,"gmtCreate":1629389431188,"gmtModify":1663232624733,"authorId":3582371848241817,"author":{"id":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"},{"id":831885273,"gmtCreate":1629300527692,"gmtModify":1676529997649,"author":{"id":"4088337925106570","authorId":"4088337925106570","name":"QuantDev","avatar":"https://static.tigerbbs.com/84fe82d8b350201442d7ba3e131006a5","vip":1,"hat":"https://static.tigerbbs.com/646756f1284a5a6480ed02cc4fa7d1d2","crmLevel":5,"crmLevelSwitch":0},"htmlText":"So good!","listText":"So good!","text":"So good!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/831885273","repostId":2160873752,"repostType":4,"repost":{"id":"2160873752","pubTimestamp":1629299700,"share":"https://www.laohu8.com/m/news/2160873752?lang=&edition=full","pubTime":"2021-08-18 23:15","market":"us","language":"en","title":"PayPal scraps late fees for buy now, pay later purchases","url":"https://stock-news.laohu8.com/highlight/detail?id=2160873752","media":"StreetInsider","summary":"By Anna Irrera\nLONDON (Reuters) - PayPal Holdings Inc will no longer charge customers late fees when","content":"<p><img src=\"https://static.tigerbbs.com/fe7c8905648586c2f6908485f9d95eaf\" tg-width=\"200\" tg-height=\"133\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>By Anna Irrera</p>\n<p>LONDON (Reuters) - <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> 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.</p>\n<p>The 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.</p>\n<p>The company, which first started offering BNPL services last year, hopes the changes will help make its products more affordable and attractive for consumers.</p>\n<p>\"We felt late fees were hindering the customer experience,\" Greg Lisiewski, vice president of Global Pay Later Products at PayPal, said in an interview.</p>\n<p>The 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.</p>\n<p>\"Given the massive rise and acceleration through the pandemic of this space, regulators across all geographies are taking notice,\" Lisiewski said.</p>\n<p>\"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.\"</p>\n<p>Asked 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.</p>\n<p>BNPL 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.</p>\n<p>The sector's explosive growth has led to increased competition.</p>\n<p>Earlier this month Square Inc, the payments firm led by <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> CEO Jack Dorsey, announced it was buying Australian BNPL firm Afterpay Ltd.</p>\n<p>BNPL 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.</p>\n<p>PayPal'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.</p>","source":"highlight_streetinsider","collect":0,"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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18835189","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160873752","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5571038,"gmtCreate":1629321900698,"gmtModify":1663232574642,"authorId":3570776252336545,"author":{"id":3570776252336545,"authorId":3570776252336545,"name":"KelvinChan","avatar":"https://static.tigerbbs.com/322f5dea7567e161ddef26aec462d83d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":831885273,"type":1,"supId":0,"prevId":0,"content":"Nice","text":"Nice","html":"Nice"},{"id":5570479,"gmtCreate":1629304665886,"gmtModify":1663232572743,"authorId":3573277538179138,"author":{"id":3573277538179138,"authorId":3573277538179138,"name":"Btdj","avatar":"https://static.tigerbbs.com/0fd27ad2c9e5765a00906e184bed155b","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":831885273,"type":1,"supId":0,"prevId":0,"content":"Yeah","text":"Yeah","html":"Yeah"},{"id":5569951,"gmtCreate":1629300626340,"gmtModify":1663232569435,"authorId":3572154407630993,"author":{"id":3572154407630993,"authorId":3572154407630993,"name":"Julisuqin","avatar":"https://static.tigerbbs.com/b34ce74ed3696920f4bd3d4a0c9f046b","vip":1,"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":831885273,"type":1,"supId":0,"prevId":0,"content":"Yes so good! ","text":"Yes so good! ","html":"Yes so good! "}],"langContent":"EN"},{"id":831886554,"gmtCreate":1629300359578,"gmtModify":1676529997603,"author":{"id":"3581821460102863","authorId":"3581821460102863","name":"HL2022","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/831886554","repostId":2160873752,"repostType":4,"repost":{"id":"2160873752","pubTimestamp":1629299700,"share":"https://www.laohu8.com/m/news/2160873752?lang=&edition=full","pubTime":"2021-08-18 23:15","market":"us","language":"en","title":"PayPal scraps late fees for buy now, pay later purchases","url":"https://stock-news.laohu8.com/highlight/detail?id=2160873752","media":"StreetInsider","summary":"By Anna Irrera\nLONDON (Reuters) - PayPal Holdings Inc will no longer charge customers late fees when","content":"<p><img src=\"https://static.tigerbbs.com/fe7c8905648586c2f6908485f9d95eaf\" tg-width=\"200\" tg-height=\"133\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>By Anna Irrera</p>\n<p>LONDON (Reuters) - <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> 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.</p>\n<p>The 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.</p>\n<p>The company, which first started offering BNPL services last year, hopes the changes will help make its products more affordable and attractive for consumers.</p>\n<p>\"We felt late fees were hindering the customer experience,\" Greg Lisiewski, vice president of Global Pay Later Products at PayPal, said in an interview.</p>\n<p>The 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.</p>\n<p>\"Given the massive rise and acceleration through the pandemic of this space, regulators across all geographies are taking notice,\" Lisiewski said.</p>\n<p>\"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.\"</p>\n<p>Asked 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.</p>\n<p>BNPL 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.</p>\n<p>The sector's explosive growth has led to increased competition.</p>\n<p>Earlier this month Square Inc, the payments firm led by <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> CEO Jack Dorsey, announced it was buying Australian BNPL firm Afterpay Ltd.</p>\n<p>BNPL 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.</p>\n<p>PayPal'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.</p>","source":"highlight_streetinsider","collect":0,"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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18835189","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160873752","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5570098,"gmtCreate":1629301680336,"gmtModify":1663232570731,"authorId":3564565270877568,"author":{"id":3564565270877568,"authorId":3564565270877568,"name":"PS153","avatar":"https://static.tigerbbs.com/2e185e8aa9ee6ee618f951b9141b9e40","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":831886554,"type":1,"supId":0,"prevId":0,"content":"<u>yes</u>","text":"<u>yes</u>","html":"<u>yes</u>"}],"langContent":"EN"},{"id":831888463,"gmtCreate":1629300292152,"gmtModify":1676529997580,"author":{"id":"3555230927721286","authorId":"3555230927721286","name":"ChihYoung","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Y","listText":"Y","text":"Y","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/831888463","repostId":2160873752,"repostType":4,"repost":{"id":"2160873752","pubTimestamp":1629299700,"share":"https://www.laohu8.com/m/news/2160873752?lang=&edition=full","pubTime":"2021-08-18 23:15","market":"us","language":"en","title":"PayPal scraps late fees for buy now, pay later purchases","url":"https://stock-news.laohu8.com/highlight/detail?id=2160873752","media":"StreetInsider","summary":"By Anna Irrera\nLONDON (Reuters) - PayPal Holdings Inc will no longer charge customers late fees when","content":"<p><img src=\"https://static.tigerbbs.com/fe7c8905648586c2f6908485f9d95eaf\" tg-width=\"200\" tg-height=\"133\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>By Anna Irrera</p>\n<p>LONDON (Reuters) - <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> 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.</p>\n<p>The 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.</p>\n<p>The company, which first started offering BNPL services last year, hopes the changes will help make its products more affordable and attractive for consumers.</p>\n<p>\"We felt late fees were hindering the customer experience,\" Greg Lisiewski, vice president of Global Pay Later Products at PayPal, said in an interview.</p>\n<p>The 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.</p>\n<p>\"Given the massive rise and acceleration through the pandemic of this space, regulators across all geographies are taking notice,\" Lisiewski said.</p>\n<p>\"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.\"</p>\n<p>Asked 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.</p>\n<p>BNPL 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.</p>\n<p>The sector's explosive growth has led to increased competition.</p>\n<p>Earlier this month Square Inc, the payments firm led by <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> CEO Jack Dorsey, announced it was buying Australian BNPL firm Afterpay Ltd.</p>\n<p>BNPL 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.</p>\n<p>PayPal'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.</p>","source":"highlight_streetinsider","collect":0,"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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18835189","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160873752","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":831880053,"gmtCreate":1629299983272,"gmtModify":1676529997463,"author":{"id":"4087888020031940","authorId":"4087888020031940","name":"sx2021","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"great&nbsp;","listText":"great&nbsp;","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/831880053","repostId":2160873752,"repostType":4,"repost":{"id":"2160873752","pubTimestamp":1629299700,"share":"https://www.laohu8.com/m/news/2160873752?lang=&edition=full","pubTime":"2021-08-18 23:15","market":"us","language":"en","title":"PayPal scraps late fees for buy now, pay later purchases","url":"https://stock-news.laohu8.com/highlight/detail?id=2160873752","media":"StreetInsider","summary":"By Anna Irrera\nLONDON (Reuters) - PayPal Holdings Inc will no longer charge customers late fees when","content":"<p><img src=\"https://static.tigerbbs.com/fe7c8905648586c2f6908485f9d95eaf\" tg-width=\"200\" tg-height=\"133\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>By Anna Irrera</p>\n<p>LONDON (Reuters) - <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> 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.</p>\n<p>The 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.</p>\n<p>The company, which first started offering BNPL services last year, hopes the changes will help make its products more affordable and attractive for consumers.</p>\n<p>\"We felt late fees were hindering the customer experience,\" Greg Lisiewski, vice president of Global Pay Later Products at PayPal, said in an interview.</p>\n<p>The 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.</p>\n<p>\"Given the massive rise and acceleration through the pandemic of this space, regulators across all geographies are taking notice,\" Lisiewski said.</p>\n<p>\"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.\"</p>\n<p>Asked 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.</p>\n<p>BNPL 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.</p>\n<p>The sector's explosive growth has led to increased competition.</p>\n<p>Earlier this month Square Inc, the payments firm led by <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> CEO Jack Dorsey, announced it was buying Australian BNPL firm Afterpay Ltd.</p>\n<p>BNPL 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.</p>\n<p>PayPal'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.</p>","source":"highlight_streetinsider","collect":0,"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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18835189","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160873752","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5569869,"gmtCreate":1629300157906,"gmtModify":1663232568847,"authorId":3581751165798598,"author":{"id":3581751165798598,"authorId":3581751165798598,"name":"JBT","avatar":"https://static.tigerbbs.com/1ffd34e99f27855f8ef139a4bdb4503f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":831880053,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"EN"},{"id":831817439,"gmtCreate":1629299964921,"gmtModify":1676529997463,"author":{"id":"3566905276489207","authorId":"3566905276489207","name":"Huatheng","avatar":"https://static.tigerbbs.com/59738b973cad55d05e0eda9044f6331e","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Pls like. Thanks&nbsp;","listText":"Pls like. Thanks&nbsp;","text":"Pls like. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/831817439","repostId":2160873752,"repostType":4,"repost":{"id":"2160873752","pubTimestamp":1629299700,"share":"https://www.laohu8.com/m/news/2160873752?lang=&edition=full","pubTime":"2021-08-18 23:15","market":"us","language":"en","title":"PayPal scraps late fees for buy now, pay later purchases","url":"https://stock-news.laohu8.com/highlight/detail?id=2160873752","media":"StreetInsider","summary":"By Anna Irrera\nLONDON (Reuters) - PayPal Holdings Inc will no longer charge customers late fees when","content":"<p><img src=\"https://static.tigerbbs.com/fe7c8905648586c2f6908485f9d95eaf\" tg-width=\"200\" tg-height=\"133\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>By Anna Irrera</p>\n<p>LONDON (Reuters) - <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> 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.</p>\n<p>The 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.</p>\n<p>The company, which first started offering BNPL services last year, hopes the changes will help make its products more affordable and attractive for consumers.</p>\n<p>\"We felt late fees were hindering the customer experience,\" Greg Lisiewski, vice president of Global Pay Later Products at PayPal, said in an interview.</p>\n<p>The 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.</p>\n<p>\"Given the massive rise and acceleration through the pandemic of this space, regulators across all geographies are taking notice,\" Lisiewski said.</p>\n<p>\"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.\"</p>\n<p>Asked 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.</p>\n<p>BNPL 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.</p>\n<p>The sector's explosive growth has led to increased competition.</p>\n<p>Earlier this month Square Inc, the payments firm led by <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> CEO Jack Dorsey, announced it was buying Australian BNPL firm Afterpay Ltd.</p>\n<p>BNPL 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.</p>\n<p>PayPal'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.</p>","source":"highlight_streetinsider","collect":0,"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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18835189","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160873752","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":831817815,"gmtCreate":1629299948337,"gmtModify":1676529997470,"author":{"id":"3581665869451416","authorId":"3581665869451416","name":"Calvinq","avatar":"https://static.tigerbbs.com/3c005973d00b3597177b005554456e28","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0},"htmlText":"Like pls. PYPL ?","listText":"Like pls. PYPL ?","text":"Like pls. PYPL ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/831817815","repostId":2160873752,"repostType":4,"repost":{"id":"2160873752","pubTimestamp":1629299700,"share":"https://www.laohu8.com/m/news/2160873752?lang=&edition=full","pubTime":"2021-08-18 23:15","market":"us","language":"en","title":"PayPal scraps late fees for buy now, pay later purchases","url":"https://stock-news.laohu8.com/highlight/detail?id=2160873752","media":"StreetInsider","summary":"By Anna Irrera\nLONDON (Reuters) - PayPal Holdings Inc will no longer charge customers late fees when","content":"<p><img src=\"https://static.tigerbbs.com/fe7c8905648586c2f6908485f9d95eaf\" tg-width=\"200\" tg-height=\"133\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>By Anna Irrera</p>\n<p>LONDON (Reuters) - <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> 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.</p>\n<p>The 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.</p>\n<p>The company, which first started offering BNPL services last year, hopes the changes will help make its products more affordable and attractive for consumers.</p>\n<p>\"We felt late fees were hindering the customer experience,\" Greg Lisiewski, vice president of Global Pay Later Products at PayPal, said in an interview.</p>\n<p>The 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.</p>\n<p>\"Given the massive rise and acceleration through the pandemic of this space, regulators across all geographies are taking notice,\" Lisiewski said.</p>\n<p>\"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.\"</p>\n<p>Asked 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.</p>\n<p>BNPL 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.</p>\n<p>The sector's explosive growth has led to increased competition.</p>\n<p>Earlier this month Square Inc, the payments firm led by <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> CEO Jack Dorsey, announced it was buying Australian BNPL firm Afterpay Ltd.</p>\n<p>BNPL 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.</p>\n<p>PayPal'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.</p>","source":"highlight_streetinsider","collect":0,"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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18835189","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160873752","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5569818,"gmtCreate":1629299956851,"gmtModify":1663232569025,"authorId":3566905276489207,"author":{"id":3566905276489207,"authorId":3566905276489207,"name":"Huatheng","avatar":"https://static.tigerbbs.com/59738b973cad55d05e0eda9044f6331e","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":831817815,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":831814830,"gmtCreate":1629299880920,"gmtModify":1676529997433,"author":{"id":"3581643164424811","authorId":"3581643164424811","name":"我不是股神我是赌神","avatar":"https://static.tigerbbs.com/7e971ed6e3f7b6495a07f7b9b5007ee5","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/831814830","repostId":2160873752,"repostType":4,"repost":{"id":"2160873752","pubTimestamp":1629299700,"share":"https://www.laohu8.com/m/news/2160873752?lang=&edition=full","pubTime":"2021-08-18 23:15","market":"us","language":"en","title":"PayPal scraps late fees for buy now, pay later purchases","url":"https://stock-news.laohu8.com/highlight/detail?id=2160873752","media":"StreetInsider","summary":"By Anna Irrera\nLONDON (Reuters) - PayPal Holdings Inc will no longer charge customers late fees when","content":"<p><img src=\"https://static.tigerbbs.com/fe7c8905648586c2f6908485f9d95eaf\" tg-width=\"200\" tg-height=\"133\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>By Anna Irrera</p>\n<p>LONDON (Reuters) - <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> 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.</p>\n<p>The 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.</p>\n<p>The company, which first started offering BNPL services last year, hopes the changes will help make its products more affordable and attractive for consumers.</p>\n<p>\"We felt late fees were hindering the customer experience,\" Greg Lisiewski, vice president of Global Pay Later Products at PayPal, said in an interview.</p>\n<p>The 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.</p>\n<p>\"Given the massive rise and acceleration through the pandemic of this space, regulators across all geographies are taking notice,\" Lisiewski said.</p>\n<p>\"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.\"</p>\n<p>Asked 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.</p>\n<p>BNPL 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.</p>\n<p>The sector's explosive growth has led to increased competition.</p>\n<p>Earlier this month Square Inc, the payments firm led by <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> CEO Jack Dorsey, announced it was buying Australian BNPL firm Afterpay Ltd.</p>\n<p>BNPL 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.</p>\n<p>PayPal'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.</p>","source":"highlight_streetinsider","collect":0,"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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18835189","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160873752","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5582439,"gmtCreate":1629391837300,"gmtModify":1631891999698,"authorId":3581643164424811,"author":{"id":3581643164424811,"authorId":3581643164424811,"name":"我不是股神我是赌神","avatar":"https://static.tigerbbs.com/7e971ed6e3f7b6495a07f7b9b5007ee5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":831814830,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":831812835,"gmtCreate":1629299761027,"gmtModify":1676529997385,"author":{"id":"3576533774112300","authorId":"3576533774112300","name":"BellaEng","avatar":"https://static.tigerbbs.com/dde1682b37a7cdb8f3de06cedadd8083","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/831812835","repostId":2160873752,"repostType":4,"repost":{"id":"2160873752","pubTimestamp":1629299700,"share":"https://www.laohu8.com/m/news/2160873752?lang=&edition=full","pubTime":"2021-08-18 23:15","market":"us","language":"en","title":"PayPal scraps late fees for buy now, pay later purchases","url":"https://stock-news.laohu8.com/highlight/detail?id=2160873752","media":"StreetInsider","summary":"By Anna Irrera\nLONDON (Reuters) - PayPal Holdings Inc will no longer charge customers late fees when","content":"<p><img src=\"https://static.tigerbbs.com/fe7c8905648586c2f6908485f9d95eaf\" tg-width=\"200\" tg-height=\"133\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>By Anna Irrera</p>\n<p>LONDON (Reuters) - <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> 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.</p>\n<p>The 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.</p>\n<p>The company, which first started offering BNPL services last year, hopes the changes will help make its products more affordable and attractive for consumers.</p>\n<p>\"We felt late fees were hindering the customer experience,\" Greg Lisiewski, vice president of Global Pay Later Products at PayPal, said in an interview.</p>\n<p>The 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.</p>\n<p>\"Given the massive rise and acceleration through the pandemic of this space, regulators across all geographies are taking notice,\" Lisiewski said.</p>\n<p>\"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.\"</p>\n<p>Asked 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.</p>\n<p>BNPL 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.</p>\n<p>The sector's explosive growth has led to increased competition.</p>\n<p>Earlier this month Square Inc, the payments firm led by <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> CEO Jack Dorsey, announced it was buying Australian BNPL firm Afterpay Ltd.</p>\n<p>BNPL 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.</p>\n<p>PayPal'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.</p>","source":"highlight_streetinsider","collect":0,"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\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18835189","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160873752","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.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":64,"commentSize":14,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}