PayPal will roll out Ratenzahlung, its installment product, on Amazon.de and the Amazon app across Germany and Austria starting in August, in a market where the company puts its own customer base above 40 million. Purchases from €30 to €10,000 qualify, and standard plans run 3, 6, 12, or 24 months, with 36- and 48-month options that PayPal is reserving for Amazon customers. Ratenzahlung is interest-bearing credit rather than a free pay-in-four split, carrying an effective annual rate of 11.49% and fixed borrowing rates between 10.86% and 10.91%, which works out to €1,059.94 in total on a €1,000 purchase repaid over a year. Installments debit automatically from a bank account or debit card, and customers can make extra payments or settle early at no cost, provided they pass a credit check and reside in Germany or Austria.
