Amazon Germany partners Barclaycard for payments financing

Barclaycard Germany has signed a deal with Amazon to offer financing for purchases made through above €100.

Amazon customers can choose to pay for their purchases in instalments during the checkout process.

By setting up the credit line provided through Barclaycard Germany, once in place, customers can set up instalment payments on their future purchases without needing to go through further “know your customer” ID checks.

Customers are provided with financing options available on terms of between three and 48 months. The higher the value of their shopping cart, the greater the number of financing options available.

After selecting their individual purchase financing plan, customers complete an online credit application through Barclaycard Germany and receive an immediate response, before they move to the next step in completing their purchase.

If a customer needs to return an item and receives a refund, Barclaycard Germany automatically adjusts the purchase financing instalment plan.

Barclaycard Germany is able to provide purchase financing through at a rate of 7.69 per cent APR. Once approved, customers can use the agreed rolling credit line added to a wallet on future purchases. Customers can also choose to make one-off repayments or pay the balance early in full - all of which they can find and manage directly through a Barclaycard app.

Vassil Gedov, country manager for payment products at Amazon Deutschland, said: “We strive to improve the offers and options available as part of the shopping experience. The new purchase financing service offered with Barclaycard is the next big step towards this goal.”

Tobias Griess, chief executive of Barclaycard Germany, added: “Through this customised service we provide Amazon customers with a fully digital and user-friendly payment-by-instalments option. With the new collaboration Barclaycard Germany complements its credit card and consumer credit businesses with market financing.”

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