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[UPDATED] New financing options for orders over $99 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.