PayPal’s payment service is used all around the internet, but its credit service (formerly Bill Me Later) is less popular in comparison. According to an announcement made at the National Retail Federation conference, the company wants to make PayPal Credit more enticing for businesses and users alike by providing more flexible payment options.
Retailers now have the ability to set payment timeframes and interest rates, including no interest at all. The change gives businesses finer control over providing payment options that best work for their specific set of customers.
Additionally, PayPal will be providing business consulting to help retailers make the most of its service. This includes leveraging best practices and working on custom products to better integrate PayPal into a retailer’s online storefront.