SAN JOSE, Calif.–PayPal has begun providing American customers earn 5% cash back through its BNPL program.
The offering, in effect for the remainder of the year, is designed to offer PayPal BNPL users more financial breathing room during the holiday shopping season, the company said in a statement.
“Our customers seek payment options that make holiday shopping easier and more rewarding,” Michelle Gill, general manager for small business and financial services at PayPal, said in a news release. “With cash back on Buy Now Pay Later products, we’re giving them a smarter way to pay and more flexibility to shop the way they want. And for merchants, PayPal BNPL is a proven way to attract more shoppers and increase conversion during the busiest season of the year.”
In addition to the cash back offering, PayPal said it is also introducing “Pay Monthly” in-store in the U.S., designed to offer users more choice and flexibility in paying over time.
