The world is becoming more and more competent every day and everyone has to step up his or her game in order to beat the competition. With such competition arises great sense of urgency, and the desire to speed up sundry everyday activities. One such activity is that of making payments for purchases, and though credit cards and mobile payment services have played their part in speeding up payments, Apple deserves a standing ovation in this regard. The company is highly dedicated to making payments flawlessly fluent for its customers.
Recently, to achieve this end, Apple Inc. introduced its own mobile payment service called Apple Pay. This payment method allowed users of the new iPhone 6 and 6 plus to make payments at select NFC counters, available at various stores all over the US, with just their smartphones. The service linked to the users credit card/online payment accounts, and then used information from such accounts to make payments using the NFC technology. Even though the Google Wallet had already existed in the market for quite some time, the Apple Pay service had more credibility, as it kept in mind the need to keep user information confidential and hidden from third parties, making it the most credit mobile payment service ever.
But this is not where Apple wishes to stop. The iPhone maker has now decided to accept PayPal at its online store, making it one of the first to do so (as far as other technological equipment and gadget stores are concerned). Now, users who wish to purchase Apple products can pay for them using their PayPal accounts without having to worry about giving up any credit card information.
Not only this, but Apple has also decided to award its customers with a loan facility through the PayPal payment system. By using PayPal, customers can now pay in installments spread over a year-long time period, without any sort of interest charge. The installments are to be divided in equal proportions, and set up on the customer’s PayPal account, using PayPal direct.
PayPal is the most used prepaid payment service in the US. It has now started to offer small credit services to its users with BillMeLater option, among many others. Now, with a partnership with Apple Inc., PayPal is sure to receive a surge in users demanding credit for Apple devices this holiday season.
As one of the highest valued companies in the world, Apple Inc., with its recent incorporation of the PayPal payment system into its online store, has accessed that remaining chunk of the potential market it otherwise had failed to tap simply because people couldn’t pay for its products in lump-sum amount. With the interest free loan service, people have a greater incentive to purchase Apple products, leading to greater sales for Apple.
Apple seems to be going only upwards here onward in its attempt to make payment services impeccably fast for its customers. The company already has plans to tap the Asian markets with its Apple Pay system, and this new deal with PayPal is sure to ease the burden on Apple users by a great margin.