WASHINGTON, April 14, 2021 /PRNewswire/ -- UATP announced
today it is broadening its work with PayPal to include Pay in 4 as
an option for airfare purchased via UATP Merchant Airlines. With
Pay in 4 from PayPal, customers pay for their purchases in four
interest-free payments and merchants get paid up front.*
"The buy now, pay later (BNPL) product has become increasingly
popular for travelers," said Ralph
Kaiser, president and CEO, UATP. "The PayPal-UATP
relationship has 15 years of demonstrated success and we expect
that to continue with Pay in 4."
Pay in 4 is an interest-free, short-term pay later solution that
can be used for qualifying purchases of $30-$600. Customers
who select Pay in 4 pay for their purchase in four payments every
two weeks over six weeks, with the first payment due at
purchase. Now that PayPal offers its Pay in 4 checkouts on
airfare, travelers can tap into it via the merchant's UATP
connection – spreading out their purchase with clear, predictable
payments.
For more information, visit UATP.com
*About Pay in 4: Consumer late fee may apply for missed payments
and varies by consumer's state of residency. Loans to California residents are made or arranged
pursuant to a California Finance Lenders Law License. PayPal,
Inc. is a Georgia Installment Lender Licensee, NMLS #
910457.
ABOUT UATP
UATP is a global payment network owned and
operated by the world's airlines and accepted by thousands of
merchants for air, rail and travel agency payments. UATP connects
airlines to Alternative Forms of Payment which can expand reach and
generate incremental sales globally. UATP offers easy-to-use data
tools, DataStream® and DataMine®, which
provide comprehensive account details to Issuers and corporate
travel buyers for accurate travel management.
Accepted as a form of payment for corporate business travel
worldwide by airlines, travel agencies and Amtrak®; UATP
accounts are issued by: Aeromexico; Air Canada (TSE:AC); Air China;
Air New Zealand (ANZFF.PK); Air Niugini; Air Serbia; American
Airlines (NASDAQ: AAL); APG Airlines; Austrian Airlines; BCD
Travel; China Eastern Airlines (NYSE: CEA); Delta Air Lines (NYSE:
DAL); EL AL Israel Airlines; Etihad Airways; Fareportal; Frontier
Airlines; GOL Linhas aereas inteligentes S.A. (NYSE: GOL and
Bovespa: GOLL4); Hahn Air; High Point; Japan Airlines (9201:JP);
JetBlue Airways; Qantas Airways (QUBSF.PK); Shandong
Airlines; Sichuan Airlines; Southwest Airlines; Sun Country
Airlines; TUIfly GmbH; Turkish Airlines (ISE:THYAO); United
Airlines (NASDAQ: UAL) and WestJet.
AirPlus International issues the UATP-based Company Account for
Lufthansa German Airlines.
Contact:
UATP Corporate Communications
Wendy Ward, wward@uatp.com
+1 202 250 4665
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SOURCE Universal Air Travel Plan, Inc. (UATP)