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[UPDATED] New financing options for orders over $99

  1. Carl
    Co-founder Staff Member Mar 7, 2016

    Carl , Mar 7, 2016 :
    UPDATE: One of our main goals at OnePlus is to keep making it easier for customers to buy OnePlus products by improving the flexibility of our overall payment structure. We’re also focused on communicating directly to you in a clear and transparent way. Since this announcement went live earlier this week, we realized we needed to clarify an important point about this new financing option through PayPal.

    PayPal Credit can be used to pay for all orders over $99 at OnePlus. Instead of being charged equal monthly installments over a set amount of time, you’ll be able to buy now and pay later. You choose when you want to pay, the amount you want to pay, and better yet, as long as you pay in full within 6 months you won’t have to worry about interest for that purchase. If you choose to extend your payments beyond 6 months, PayPal’s 19.99% APR will be calculated from the posting date and will be billed to your account.

    We do hope to offer more traditional installment plans in the future, and we’ll let you know as soon as that becomes a reality. In the meantime, we hope that the current PayPal Credit option makes buying a OnePlus device a little easier for customers interested in financing options.



    Friends,

    By now, most of you know that we’re focused on creating great products. Beyond products, we’re also about finding a better way of distributing smartphones, one that’s more fair and gives control back to the consumer. And that’s what today’s announcement is about.

    Buying a phone in the US is confusing. Convoluted terms and conditions, many middlemen, and (despite some positive change recently) very opaque in terms of what part of your monthly bill goes to the smartphone versus everything else.

    For a long time, carriers have been masking the true price of their smartphones through subsidies, and more recently installments. To give consumers the power to fairly compare what they’re paying at a carrier versus on OnePlus.net, we want our customers to have access to all of the payment options they’ve come to expect. Starting today, in our US store you will be able to pay for any order over $99 in installments. In the US, using installments with your carrier is common, but one of the major advantages of our payment system is that it won’t tie you down to a restrictive contract. With our installments plan you can switch carriers on the fly.

    And if you ever feel like paying off the full price of your order just like before, you’re free to do so at any time. As just one of the new ways we are looking to evolve our business, the increased flexibility this new service provides is integral to our future payment structure.

    All you need to do to pay in installments is select PayPal Credit when completing your order. Thanks to the calculator function you can find on the checkout page, you’ll know exactly how much you’ll be expected to pay on a monthly basis. For instance, if you’re looking to make use of this new payment scheme to purchase a OnePlus 2, you could opt for the 18-month plan which starts at $22.60 a month, and the OnePlus X starts at $16.12. There’s no need to worry about any unwelcome surprises along the way.

    We’re proud to be taking another step in our mission to improve the industry and better serve our customers. Recently, we introduced free shipping and removed the OnePlus 2 and OnePlus X from the invite system, and we’re always looking for new ways to make owning OnePlus products easier and more convenient. The new installments option underlines our team’s commitment to keep improving. Let us know what you think!


    Never Settle.
     
    Last edited: Mar 11, 2016

    #1
  2. pgidia
    Lollipop Mar 7, 2016


    #2
  3. p2p
    Gingerbread Mar 7, 2016

    p2p , Mar 7, 2016 :
    Really interesting doing (and manage) the payment directly to the manuufacturer, with no intermediates.

    Will it arrive to Europe?
     

    #3
  4. pablofg1978
    Spanish POC Assistant Head Moderator Mar 7, 2016


    #4
  5. SoniaB
    Nougat Senior Moderator Mar 7, 2016

    SoniaB , Mar 7, 2016 :
    Great initiative especially for those who cannot pay for a phone outright [​IMG]
     

    #5
  6. Hige
    Jelly Bean Community Expert Mar 7, 2016


    #6
  7. gaster
    Lollipop Moderator Mar 7, 2016

    gaster , Mar 7, 2016 :
    Team is grown more and more in the abilities. Great news Carl
     

    #7
  8. edmgt
    Froyo Mar 7, 2016


    #8
    Alex00712, Kalmer, doekus and 3 others like this.
  9. Maximus Decimus Meridius
    Marshmallow Senior Moderator Mar 7, 2016

    Maximus Decimus Meridius , Mar 7, 2016 :
    This is an awesome initiative!
    Nice alternative to a contract of cellularnetwork service provider in combination with phone!

    Is it also possible incombination of simplesurance?
     
    Last edited: Mar 7, 2016

    #9
  10. BeAlive75
    KitKat Community Expert Mar 7, 2016


    #10
  11. gabdul
    Froyo Mar 7, 2016


    #11
  12. wilsmits
    Jelly Bean Mar 7, 2016


    #12
    doekus, flurka and SoniaB like this.
  13. keithnyc
    Lollipop Moderator Mar 7, 2016


    #13
    pablofg1978, script and SoniaB like this.
  14. CyberKnet
    Ice Cream Sandwich Mar 7, 2016

    CyberKnet , Mar 7, 2016 :
    You might mention the 19.99% interest in the write up ... yikes! That amounts to $57.80 in interest over 18 months! Somebody is making out like a bandit there - I hope it's just PayPal and not OnePlus taking advantage of customers that are not as well off...
     

    #14
    gjdass, ThE_MarD85, aaa118 and 9 others like this.
  15. rephaelhermon
    Honeycomb Mar 7, 2016

    rephaelhermon , Mar 7, 2016 :
    Badass
     

    #15
    christinawright likes this.
  16. Abhinivesh
    Gingerbread Mar 7, 2016

    Abhinivesh , Mar 7, 2016 :
    Great initiative for the one's looking for installments directly from the manufacturer....
     

    #16
  17. Saadman.H
    Froyo Mar 7, 2016

    Saadman.H , Mar 7, 2016 :
    Come to Bangladesh, OnePlus.

    There is a huge fanbase for OnePlus products. We have to ship your products from other countries and that is so painful.
     

    #17
    Abhinivesh likes this.
  18. FlipJumpman
    Honeycomb Mar 7, 2016


    #18
    doekus, armmani2001 and nunoovidigal like this.
  19. fite
    Ice Cream Sandwich Mar 7, 2016


    #19
  20. Madsham64
    Eclair Mar 7, 2016

    Madsham64 , Mar 7, 2016 :
    Fantastic, need this to happen in Ireland too. Count me in for a oneplus 3 when it does.
    Great news.
     

    #20
    nunoovidigal and juscoll like this.