In a rather unexpected move, Apple has added PayPal as a payment option on Apple.com for customers from the US and the UK. The two companies have had recently some disputes, and with Apple Pay unleashed, Apple's move is really surprising.
PayPal was previously available as a payment option only in Apple’s app and content stores, but it is now accepted at the company’s online retail store, as well. This is huge news especially for PayPal, since Apple is the second largest online retailer in the U.S. There are millions of PayPal users who will appreciate this, since it will become much easier to get the newest iPhone or iPad.
To promote the new payment option, Apple will allow shoppers to pay for an item in equal monthly installments over up to 18 months with no interest.
As a matter of fact, this is the first time when Apple is allowing another payment option for its online stores besides the traditional credit card. There's a chance that this move could be a result of Luca Maestri's work, Apple’s current senior vice president and Chief Financial Officer who replaced Peter Oppenheimer.
It's also worth pointing out that Apple hasn't come up yet with an official announcement, which is rather peculiar, considering the importance of the news.