Choose the payment method PayPal and pay larger purchases conveniently in parts, simply and quickly. In the following sections you will learn how the PayPal instalment payment works.
PAYPAL INSTALLMENT PAYMENT
You can open a PayPal account here.
* Subject to credit assessment. From an order value of 99 € – 5,000 € with an effective annual interest rate of 9.99 % and a fixed debit interest rate of 9.56 %. The creditor is PayPal (Europe) S.à r.l. et Cie, S.C.A., 22-24 Boulevard Royal, L-2449 Luxembourg.
With PayPal payment by instalments you can pay online in instalments. If this option is available, the payment method will be displayed automatically during payment. Simply select PayPal as payment method, log in and see if “PayPal Installment Payment” appears as an additional option in your account.
In order to be able to use PayPal installment payment, you first need a German PayPal account, in which a bank account is deposited and confirmed as payment source.
PayPal installment payment is available from a shopping cart of 99 Euro. The maximum shopping cart value is 5,000 euros.
If you choose PayPal Installment Payment and your application is approved, you will enter into an installment contract with PayPal. The term is 12 months and the effective annual interest rate is 9.99 percent.
The first monthly instalment will be collected from your bank account approximately 30 days after signing the instalment contract. PayPal informs a few days in advance by e-mail about the upcoming move-in.
This is of course possible at any time. To do this, log in to your PayPal account and call up your instalment payment. By clicking on “make additional payment” you can make an early repayment of the loan. The amount will then be debited from your bank account. This option is free of charge, no fees are charged by PayPal.
You can find this information in the payment plan of your PayPal installment payment. To do this, log in to your PayPal account and call up your instalment payment. By clicking on “Show payment plan” you will see the current payment plan for your PayPal installment payment. You will also find this information in your instalment contract under 2. description of the main features of the credit.
When applying for a PayPal installment payment, you enter your bank account and agree to a direct debit. PayPal then debits the monthly instalments from your bank account by direct debit. You will be informed a few days in advance by e-mail about the upcoming move-in. You can also view the exact dates in your PayPal account. Log in for this and then call up your installment payment to see the payment plan.
You conclude the installment contract with PayPal. This means that PayPal is the lender.
Simply make use of your right of withdrawal and send the goods back to us as a dealer as usual. We will then make a refund of the amount paid as usual. Since PayPal has paid this amount to us as a merchant, this amount will be returned to PayPal. You don’t have to do anything else here. If you have any questions, please contact our customer service by phone (+49 (0) 37422-120996) or by e-mail (email@example.com). You reach us from Monday to Saturday between 8:00AM and 16:00PM.
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