As the holiday season approaches, PayPal (NASDAQ:PYPL) announced that U.S. customers will earn 5% cashback on buy now pay later (BNPL) purchases through year-end.
Beginning today, shoppers can save the 5% cashback offer through the PayPal app and it will automatically apply to all eligible in-store and online PayPal BNPL transactions now until the end of the year.
In addition, the company is set to roll out Pay Monthly in-store across the U.S. over the coming weeks. Customers can apply for their desired loan amount through the PayPal app, receive a single-use virtual card once approved, and add it to their mobile wallet for use within 24 hours.
