12/8/2023 0 Comments Best buy now pay later apps 2021Like with Affirm and other BNPL stocks, PayPal has suffered several price-target reductions in recent months, even though the Street is still widely bullish on shares. Approximately 13 million consumers and 1.2 million merchants have used its BNPL services. In the fourth quarter, BNPL accounted for $3.2 billion in total payment volume (TPV), 325% higher than a year earlier. PayPal said in its fourth-quarter conference call that buy now, pay later is available in eight markets, including the U.S. In December, CEO Dan Schulman said PayPal had more than 750,000 BNPL transactions on Black Friday, 400% higher than a year earlier. The suit claims that PayPal doesn't sufficiently inform users of its "Pay in 4" offer about potential insufficient fund fees and overdraft charges.īuy now, pay later has become the latest revenue generator for the digital payments company. On March 1, a $5 million class action complaint was filed in a California federal court against the company. PayPal Holdings ( PYPL, $121.18) is the latest BNPL player to face a class action lawsuit.
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