This happens quite often when you really want to buy something cool online, but you are bound to wait till the payday as you don’t have sufficient funds. But now with the PayPal’s new service you can just buy the thing now and pay between 14 days. The best part is, there won’t be any interest in this service, it’s totally free!
With Pay after Delivery service you can easily buy an item up
to $10,000 and then pay for it after 14 days without any charge. The merchant will
still get paid at the time of purchase but PayPal itself will pay the amount.
To be eligible for this service, the user must have a valid checking account
connected to their respective PayPal account. As the Two weeks timer is up,
PayPal will automatically clear the debit from the bank account which was linked
to their PayPal account. If the bank doesn’t have sufficient funds then PayPal
will deduct the amount from the user’s PayPal balance, credit card or if there
is any alternative debit card. This service will provide the customers the feeling
of buying things online just like they buy from physical stores, as they will
be sure that they will get what they ordered for.
This feature comes without any charges and might not be a
big service but still it has many advantages for PayPal. As the mobile payment
system is getting quite crowded with new competitors like Google Wallet and
Apple pay, this little free feature can make quite a difference to make PayPal
different from others.
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