Happened silently and was yesterday when Apple quietly removed all mentions of payPal Credit from its U.S. Online Store, pointing out its decision to stop allowing customers to use PayPal Credit payment plans for purchases of products in the United States.
Customers, you can get more information about their payment option on the financing section of its official website here. Apple is now offering only through Barclaycard Visa, which allows users to make financing payments over 6 to 18 months depending on purchase price.
Previously, the PayPal Credit option allowed consumers to choose between 6, 12, 18 or 24 month plans with a fixed APR of 12.99%, whereas the Barclaycard Visa maximum makes it ut at 18 months with an APR of 13.99%, 19.99% or $26.99% depending on credit installment balance.
Rewards continue to be in Apple’s offering, to customers who buy with the Barclaycard Visa will earn 3 points for every $1 spent at the Apple Store, 2 points for every $1 spent at restaurants, and 1 point on all other purchases. While 2,500 points can be redeemed for Apple Store or iTunes Gift Cards.
PayPal Credit payment methods was first introduced by Apple in December 2014, which is when the Mac maker began allowing customers to buy items using PayPal as a payment method, which of course was mandatory. Now, Apple no longer allowing customers to use PayPal Credit options to make purchases, but it does still accept PayPal payments made from its online store to purchase from its iOS app.
Remind you that, the PayPal Credit payment is only ongoing in the United States and it is still available in the UK. Not clear if Apple plans to drop support in other countries as well. Stay tuned!