PayPal launches a “Buy now, pay later” offer in Canada with no fees
PayPal today announced the launch of PayPal 4-Way Pay , a no-fee, no-interest buy-now-pay-later payment solution for Canadians. Starting this month, Canadian shoppers can take advantage of a more flexible payment option with millions of brands from here and abroad specializing in consumer goods, travel, and lifestyle products, just in time for Black Friday, Cyber Monday, and Boxing Day sales.
Consumers can now optimize their budget with PayPal’s 4-Payment solution at their favorite brands, such as Knix, Samsonite, Silk & Snow, The Home Depot Canada, Ticketmaster and many more.
The PayPal Holiday Spending Survey 2025 demonstrates strong consumer interest in this area: 60% of respondents who haven’t yet used deferred payment say they would be more inclined to do so if it were free. PayPal’s Pay in 4 offers more flexibility at checkout, allowing eligible purchases of $30 to $1,500 to be split into four equal, interest-free installments over a six-week period. Automatic payments help keep track of spending with various payment methods, including debit, credit, and bank withdrawal. Those who wish to pay in advance can do so through the PayPal app or online.
A smart way to shop, just in time for the holidays.
With PayPal Pay in 4, there are no late fees, no sign-up fees, and no hidden costs; just predictable payments that make holiday shopping less stressful and easier to manage. Purchases eligible for PayPal Pay in 4 are covered by PayPal Purchase Protection , which provides peace of mind when shopping online in case items aren’t delivered or don’t match their description. As Canada’s leading online payments brand , PayPal continues to offer secure and convenient solutions that meet the needs of consumers and businesses.
“PayPal has been serving Canadians for over 15 years and is one of the most trusted brands across the country. Pay in 4 helps meet the demand for transparent and reliable solutions. This program helps people manage their spending without late fees or hidden costs,” said Michelle Gill, Managing Director, Small Business and Financial Services at PayPal. “Businesses also benefit, as those offering PayPal’s deferred payment options increase their conversion rates and sales—both critical during the busy holiday season.”
Better for consumers… and for businesses
For businesses of all sizes, a “Buy Now, Pay Later” program is no longer just a perk; it’s what shoppers expect. PayPal’s deferred payment option boosts conversion rates thanks to its very high acceptance rate among consumers who request it (90% globally)<sup> 4</sup> . Furthermore, it increases sales, as the average order value is 80% higher. By offering PayPal’s deferred payment solution and highlighting it early in the checkout process, businesses can reduce cart abandonment and increase conversion rates, especially during peak periods.
PayPal survey on holiday spending for 2025: Canadians are managing their money thoughtfully.
- 74% of those surveyed set a budget for their holiday shopping and try to stick to it; 72% of them plan their purchases in order to better control their spending.
- 51% of respondents plan to spend as much as last year, while 14% plan to spend more.
- 31% of those surveyed would consider using deferred payment to purchase household appliances, 30% for decorative items or furniture and 26% for electronic devices.
Canadians are all feeling a bit of financial pressure right now, and they’re planning accordingly,” said Pattie Lovett-Reid, financial commentator and former chief financial commentator for CTV. “They want to enjoy the holidays, but they’re also managing their finances wisely. Having flexible payment options that give you some wiggle room, without fees or interest, is a great way to stay in control of your money.
Making the holidays even more interesting
This year, PayPal is partnering with Cadillac Fairview to enhance the holiday shopping experience by offering PayPal’s flexible Pay in 4 solution for online purchases. Shoppers can also participate in festive experiences at Cadillac Fairview malls in Montreal, Toronto, Calgary, and Vancouver throughout the holiday season. These experiences include the pop-up in-person and online “Pay in 4, Play in 4” event, which gives eligible participants the chance to win up to $1,000 in prizes .
For more details on PayPal’s Pay in 4 option, visit paypal.ca/payin4 .
Survey methodology
The PayPal Holiday Spending Survey 2025 was conducted online with 1,500 Canadian adults (representative of the national population) by the Léger firm in October 2025.
About PayPal
PayPal has been revolutionizing global commerce for over 25 years. By creating innovative experiences that make transferring money, selling, and buying simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to participate in and thrive in the global economy. To learn more, visit https://www.paypal.com , https://about.pypl.com , and https://investor.pypl.com .
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