As holiday spending approaches, no-fee BNPL enters the Canadian market with a major player. PayPal has launched its “Pay in 4” plan in Canada, giving shoppers a flexible payment option. Canadian customers can now split purchases into four equal payments without interest or fees.
Flexible Payments for Canadian Shoppers
Starting this holiday season, Canadians can use PayPal’s Pay in 4 across millions of online stores. This includes major brands. The plan covers eligible purchases from CAD $30 to CAD $1,500. Payments are interest-free, and there are no late fees or sign-up fees. Meanwhile, buyers can fund payments via debit card, credit card, or bank account. This no-fee BNPL service gives consumers more control over cash flow and spending.
Merchant and Consumer Benefits
In addition, PayPal revealed in its 2025 Festive Spending Survey that 60 % of Canadians who have not used a BNPL service would try it if there were no fees. The no-fee BNPL alternative is exactly what buyers need. Pay in 4 is likely to increase sales and lower the incidence of cart abandonment. Also, promote customer loyalty if made available by merchants. Besides that, a flexible payment solution can lead to a much higher conversion rate during the peak shopping days. These shopping days include Black Friday, Cyber Monday, and Boxing Day.
By adopting this no-fee BNPL product, Canadian shoppers gain payment flexibility and financial transparency. Likewise, retailers gain access to a well-recognised brand’s payment solution that supports modern consumer behaviour. As a result, PayPal’s move may reshape how Canadians treat checkout and payment options.
Explore Finance Tech News for the latest innovations in financial technologies and expert insights shaping the future of digital finance!
News Source: Businesswire.com
