PayPal is one of the world’s largest internet payment companies, with millions of users across the world. And now the company has managed to score a big win in the United Stats and United Kingdom markets. According to Recode.net publication, Apple.com shoppers in the U.S. and the U.K. now have PayPal as a new way to pay for the latest iPhone or iPad. So, if you live in US or the UK and you have a PayPal account, this is great news.
PayPal was previously available as a payment option only in Apple’s app and content stores, but it is now accepted at the company’s online retail store. Apple is the second largest online retailer in the U.S., so this is definitely a big win for PayPal, who is thus looking to further enhance its leading position.
To popularize the PayPal Credit payment method, Apple will permit shoppers to pay for an item in equal monthly installments over up to 18 months with no interest. So, starting from today, payments with PayPal can be made from the online Apple Store by choosing the PayPal option when checking out. At the moment PayPal is not yet offered as a payment method in the Apple Store app, but perhaps a future update will solve the problem.
The move is rather unexpected, since Apple and PayPal have had some quarrels in the past and let’s not forget that Apple has released its own Apple Pay payment system. By including PayPal as a valid method of making purchases, Apple is expanding its customer options beyond credit and debit cards for the first time, which is indeed great news and speaks of the company’s new business approach.
However, it’s pretty curious to note that Apple didn’t announce this officially, so could this be the effect of their past disputes or they don’t see it as a big deal? After all, opening store payments to allow something besides credit cards is a rather important financial move. My guess is that this move could be also somewhat influenced by Luca Maestri, Apple’s current senior vice president and Chief Financial Officer who replaced Peter Oppenheimer.