VentureBeat – 1/13/15: PayPal is diving deeper into the credit business, expanding its services so merchants can give their customers more ways to pay for products. Merchants can now use PayPal Credit to let customers pay off a product purchase over the course of several months. They can choose the number of months as well as the interest rate. There’s even an interest free option for online shoppers, which can be approved in minutes, the release says. On the consumer side, PayPal Credit now gives consumers the option to divide large purchases up into equal sized payments that can be meted out each month.
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