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Apple Drops Support for PayPal Credit Payment Plans in U.S. Online Store

MacRumors

macrumors bot
Original poster
Apr 12, 2001
50,424
11,812



Apple yesterday quietly removed all mentions of PayPal Credit from its U.S. Online Store, signaling its decision to stop allowing customers to use PayPal Credit payment plans for purchases in the United States.

On the financing section of its website, where customers can get information about their payment options, Apple is now only offering financing through Barclaycard Visa, which allows users to make payments over 6 to 18 months depending on purchase price.

Previous PayPal Credit options, which are no longer available.

The previous PayPal Credit option allowed customers to choose 6, 12, 18, or 24 month payment plans with a fixed APR of 12.99%, while the Barclaycard Visa maxes out at 18 months with an APR of 13.99%, 19.99% or 26.99% depending on credit.

Apple is continuing to offer rewards to customers who buy with the Barclaycard Visa, with customers earning 3 points for every $1 spent at the Apple Store, 2 points for every $1 spent at restaurants, and 1 point on all other purchases. 2,500 points can be redeemed for Apple Store or iTunes gift cards.

Apple first began promoting PayPay Credit payment methods in December of 2014, which is when the company also began allowing customers to buy items using PayPal as a payment method. While Apple is no longer allowing customers to use PayPal Credit options to make purchases, it does still accept PayPal payments for purchases made from its online store and from its iOS app.

PayPal Credit is still available in the U.K., and it is not clear if Apple plans to drop support in other countries as well.

Article Link: Apple Drops Support for PayPal Credit Payment Plans in U.S. Online Store
 

3 Slice Toaster

macrumors newbie
Nov 6, 2015
1
17
Chicago, Illinois
Good. And long overdue. I'm one of the (many?) people who filed a complaint with Apple about this.

PayPal Credit would list a cheap rate on the Apple web site (something like no interest for 12 months and 12% after that), then when you got deep deep deep into the sign-up process, only if you clicked a tiny "more" disclosure button would you see that you were actually getting shafted with an entirely different interest rate and no free interest period.

It's so bad that you could actually display both of the rates on the same page, the lower one in big letters at the top, and the real rate at the bottom in tiny print. I sent a PDF of this to Apple.

When I called PayPal about it, the woman on the phone said there was nothing to be done, you have to pay the higher rate no matter what PayPal advertises on the Apple web site. When I went through the formal complaint appeals process my "claim" was "rejected" with no explanation.

I've been a PayPal customer for well over a decade. PayPal Credit isn't PayPal. it's a bank out of Atlanta. Maybe it's just licensed the name. I dunno.

Even today if you click the "view statement" link in the PayPal Credit section of your PayPal account it takes you to a redirect page that sends you back to the main PayPal page. There is no way to view your statement online. Smells very scammy to me.
 
Comment

bluery

macrumors newbie
Nov 6, 2015
2
2
Good. And long overdue. I'm one of the (many?) people who filed a complaint with Apple about this.

PayPal Credit would list a cheap rate on the Apple web site (something like no interest for 12 months and 12% after that), then when you got deep deep deep into the sign-up process, only if you clicked a tiny "more" disclosure button would you see that you were actually getting shafted with an entirely different interest rate and no free interest period.

It's so bad that you could actually display both of the rates on the same page, the lower one in big letters at the top, and the real rate at the bottom in tiny print. I sent a PDF of this to Apple.

When I called PayPal about it, the woman on the phone said there was nothing to be done, you have to pay the higher rate no matter what PayPal advertises on the Apple web site. When I went through the formal complaint appeals process my "claim" was "rejected" with no explanation.

I've been a PayPal customer for well over a decade. PayPal Credit isn't PayPal. it's a bank out of Atlanta. Maybe it's just licensed the name. I dunno.

Even today if you click the "view statement" link in the PayPal Credit section of your PayPal account it takes you to a redirect page that sends you back to the main PayPal page. There is no way to view your statement online. Smells very scammy to me.

Wow. I wouldn't have suspected this to be the reason. That sucks about PayPal, a company that I like as a user and a merchant. Bad PayPal! Good Apple.
 
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Denmac1

macrumors 6502a
Apr 22, 2007
667
727
Lost in Space
Glad I got my iPad Air 2 when I did. The PayPal deal with no interest was a great deal. Interesting that Barclays turned me down, yet AMEX approved me for a Gold card when they sent me an offer.
 
Comment

FoxMcCloud

macrumors 6502a
Dec 22, 2009
570
276
Redcar, England
I used PayPal credit to buy my iPhone 6s. Wouldn't have been able to get it otherwise. Paid it off after selling some items. It was 0% for purchases over £150 for 4 months.

It's just a PayPal payment option really though. It's the same as choosing which card the PayPal comes from. So how can apple stop it like that?
 
Comment

rigormortis

macrumors 68000
Jun 11, 2009
1,813
229
apple was taking paypal in october 2014 and earlier. , and not December. prior to December , it was just hidden. all they did was make it more prominent.. so paypal credit stood out more. back in October, if you paid with paypal, your order had to be shipped out and it could not be picked up at an apple store. i knew this because i purchased a new mac mini on no payments no interest.

i guess mac rumors said "promoting" but other websites consider "promoting" as "accepting"



here is a copy of the receipt and paypal email
mac mini receipt.png pay pal email.png

notice now payment was "BMLP" which means Bill Me Later Plan mac mini receipt.png
 
Comment

jimmirehman

macrumors 6502
Sep 14, 2012
446
189



Apple yesterday quietly removed all mentions of PayPal Credit from its U.S. Online Store, signaling its decision to stop allowing customers to use PayPal Credit payment plans for purchases in the United States.

On the financing section of its website, where customers can get information about their payment options, Apple is now only offering financing through Barclaycard Visa, which allows users to make payments over 6 to 18 months depending on purchase price.


Previous PayPal Credit options, which are no longer available.

The previous PayPal Credit option allowed customers to choose 6, 12, 18, or 24 month payment plans with a fixed APR of 12.99%, while the Barclaycard Visa maxes out at 18 months with an APR of 13.99%, 19.99% or 26.99% depending on credit.

Apple is continuing to offer rewards to customers who buy with the Barclaycard Visa, with customers earning 3 points for every $1 spent at the Apple Store, 2 points for every $1 spent at restaurants, and 1 point on all other purchases. 2,500 points can be redeemed for Apple Store or iTunes gift cards.

Apple first began promoting PayPay Credit payment methods in December of 2014, which is when the company also began allowing customers to buy items using PayPal as a payment method. While Apple is no longer allowing customers to use PayPal Credit options to make purchases, it does still accept PayPal payments for purchases made from its online store and from its iOS app.

PayPal Credit is still available in the U.K., and it is not clear if Apple plans to drop support in other countries as well.

Article Link: Apple Drops Support for PayPal Credit Payment Plans in U.S. Online Store
There goes any chance of PayPal working with ApplePay
 
Comment

usarioclave

macrumors 65816
Sep 26, 2003
1,447
1,506
You can still use paypal to buy, just not paypal credit. Paypal credit is the Bill Me Later thing they bought a while ago.
 
Comment

2457282

Suspended
Dec 6, 2012
3,327
3,014
I use paypal to send my daughter money, nothing else. Financing Apple products can be done other ways and probably for cheaper. Paypal has the misfortune of having been mismanaged by ebay and lots of M&A.
 
Comment

anek007

macrumors regular
Jul 30, 2014
155
97
Good. And long overdue. I'm one of the (many?) people who filed a complaint with Apple about this.

PayPal Credit would list a cheap rate on the Apple web site (something like no interest for 12 months and 12% after that), then when you got deep deep deep into the sign-up process, only if you clicked a tiny "more" disclosure button would you see that you were actually getting shafted with an entirely different interest rate and no free interest period.

It's so bad that you could actually display both of the rates on the same page, the lower one in big letters at the top, and the real rate at the bottom in tiny print. I sent a PDF of this to Apple.

When I called PayPal about it, the woman on the phone said there was nothing to be done, you have to pay the higher rate no matter what PayPal advertises on the Apple web site. When I went through the formal complaint appeals process my "claim" was "rejected" with no explanation.

I've been a PayPal customer for well over a decade. PayPal Credit isn't PayPal. it's a bank out of Atlanta. Maybe it's just licensed the name. I dunno.

Even today if you click the "view statement" link in the PayPal Credit section of your PayPal account it takes you to a redirect page that sends you back to the main PayPal page. There is no way to view your statement online. Smells very scammy to me.

Been using PayPal credit for couple years now. Paid my iPhone off in 3 months and got no interest charge. I made past charges for 12 month no interest and paid it off in 3-4 and never got charge any interest. Very useful if you know you will pay it off before the period ends. If you cant manage your money and let it go pass your no interest free period you will get hit hard with the build up of interest.
 
Comment

usarioclave

macrumors 65816
Sep 26, 2003
1,447
1,506
Very useful if you know you will pay it off before the period ends. If you cant manage your money and let it go pass your no interest free period you will get hit hard with the build up of interest.

Exactly. 0% interest is 0% interest, no matter who gives it to you. If you follow the T&Cs you won't get hit.
 
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yg17

macrumors G5
Aug 1, 2004
14,984
2,745
St. Louis, MO
There goes any chance of PayPal working with ApplePay
Why would you want to? There's no reason to keep money in a PayPal account. I keep my balance at zero. If I need to send someone money, I transfer from my bank (and with a CC backup source, it's instant). If I receive money, I immediately transfer back to my bank.

Paypal is not considered a bank by the government, so none of the banking regulations to help protect consumers (or what little there are) apply to them. I don't even think they're FDIC insured, so if Paypal goes bellyup overnight, you are SOL.
 
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