SAN JOSE, California, December 1, 2021 / PRNewswire / – PayPal Holdings Inc. (NASDAQ: PYPL) today announced that Wix Merchants (Nasdaq: WIX) can offer PayPal Pay in 4 * and PayPal Credit ** through a dedicated Pay Later payment button, as well as showcase Pay in 4 messaging earlier in the purchase journey. With many businesses expressing their optimism this holiday season, PayPal Pay Later solutions provide another way for Wix eCommerce merchants in the United States to help maximize this all-important time of year.
According to Adobe, online retailers totaled $ 8.9 billion in sales on Black Friday this year. As consumers continue to shop online for their vacation needs, Wix and PayPal are helping merchants ensure they reach millions of active consumers by offering PayPal Credit and PayPal Pay in 4. In fact, merchants Americans who accept PayPal Pay in 4 have reported a 21% increase in payment volume – proving this option as a way for merchants to help increase their sales.1
âAs we enter the holiday shopping season, business owners need to do everything in their power to increase their sales conversions and offering Pay Later solutions is one way to do it,â said Greg Lisiewski, vice president of Global Pay Later at PayPal. “Businesses need help recovering from the past 18 months – and by providing PayPal Credit and Pay in 4, they have one more tool to do it.”
âAs e-commerce has accelerated dramatically, the demand for innovative payment options from our merchants and their customers has also accelerated,â said Amit Sagiv, Co-Head of Payments at Wix. “By continuing to offer flexible payment methods to our merchants like PayPal Credit and PayPal Pay in 4, we are helping merchants reach more customers by giving them more options at checkout and ultimately increasing their conversion.”
PayPal Pay Later solutions provide consumers with flexible and predictable payment methods. PayPal Pay in 4 allows consumers to split their purchases into 4 equal interest-free payments made every two weeks. Consumers can choose a credit card, debit card, or direct bank withdrawal as their refund method and will not be charged a late fee if a payment is missed. PayPal Credit offers special 6 month financing on purchases of $ 99 and over.
Wix businesses can simply add PayPal Pay Later buttons to their product page, cart, and checkout. PayPal Pay in 4 messaging may automatically appear on their product page. If a merchant is already logged into PayPal, PayPal Pay Later buttons will automatically appear in their store. If a business isn’t signed in to PayPal yet, there are three easy steps they can take to provide their customers with an alternative way to pay:
- Go to the Wix dashboard and select “Settings”
- Click on Accept payments
- Log in to PayPal and follow the instructions
PayPal Pay in 3 will be available for Wix businesses in the UK and PayPal Pay in 4x for Wix businesses in France In the coming months.
More information about PayPal, PayPal Credit, and PayPal Pay in 4 for Wix Businesses can be found at https://www.wix.com/payments/payment-gateways-paypal
1 Based on the analysis of PayPal’s internal data from October 1, 2021 To June 30, 2021.
* About Pay in 4: Loans to California residents are made or organized under license from the California Financial Lenders Act. PayPal, Inc. is a licensee of Georgia Installment Lender, NMLS # 910457.
** PayPal credit is subject to consumer credit approval.
PayPal has been at the forefront of the digital payment revolution for over 20 years. By leveraging technology to make financial services and commerce more convenient, affordable and secure, the PayPal platform enables more than 400 million consumers and merchants in more than 200 markets to join and thrive in the world. Mondial economy. For more information visit paypal.com.
On Wix.com, Ltd
Wix Leading the way with a cloud-based website development platform for over 210 million registered users worldwide today. The Wix website builder was founded on the belief that the Internet should be accessible to everyone to develop, create and contribute. Through free and premium subscriptions, Wix empowers millions of businesses, organizations, artists and individuals to bring their businesses, brands and workflows online. Wix Editor, Wix ADI, X Editor, a Application market, Ascend by Wix and Velo by Wix enable users to create and manage a fully integrated and dynamic digital presence. Wix’s head office is at Tel Aviv with offices in Austin, Sheva beer, Berlin, Cedar Rapids, Denver, Dnipro, Dublin, Kiev, Krakow, Los Angeles, Miami, new York, Phoenix, San Francisco, SÃ£o Paulo, Tokyo and Vilnius.
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SOURCE PayPal Holdings, Inc.