Apple's Website No Longer Supports PayPal Credit Payments
As of last Thursday, Apple no longer supports PayPal Credit payments on its website. Customers who want to set up installment agreements may do so through Barclaycard Visa instead, but PayPal has been removed from the site completely.
Under the old setup, PayPal Credit allowed for 6, 12, 18, and 24 month payment contracts with an APR of 12.99%. Barclaycard Visa only goes up to 18 months, and the APR varies from 13.99% to 26.99% based on credit worthiness. Both platforms are designed to allow customers to finance pricey Apple products over long stretches of time, rather than requiring the full payment upfront. The only difference is the terms of the financing and the brand responsible for the program.
Customers who shop with Barclaycard Visa earn rewards points for financing their purchases. Every $1 spent at the Apple Store is worth three points, $1 spent at restaurants is worth two points, and every other $1 spent is worth one reward point. After a customer reaches 2,500 points, he or she can cash them in for products at the Apple Store or an iTunes gift card.
Apple has only offered PayPal Credit since December 2014. Even though the store no longer supports financing through PayPal, it does allow customers to process full payments for their purchases through PayPal.