PayPal Ditches Late Fees For Buy-Now, Pay-Later Customers

As the buy now, pay later ( BNPL) category begins to heat up, PayPal Holdings Inc. is making moves to stay competitive. Starting October 1, 2021, the company plans to stop charging late fees for missed payments on new purchases made through its BNPL offering, Pay in 4.

“Building on the success of our Pay in 4 launch in Australia without late fees, we know that…