New Feature Update
Businesses will now be able to offer PayPal Pay Later as a payment method to customers checking out via order forms and online stores. This feature is applicable for both 1-step and 2-step order forms, and upsell purchases. Please note that the Pay Later option is only available for one-time purchases. It will not be available for recurring products.
The Pay Later button will be displayed right below the PayPal button during checkout. Offering pay later options can effectively help in increasing conversions for your customers. As for upcoming updates, tracking subsequent transactions for subscriptions on PayPal and making PayPal available across all channels is in the pipeline.