What is PayPal Pay in 3?
PayPal Pay in 3 is an interest-free loan that lets you split your basket into 3 payments, with the first due at time of purchase and subsequent payments due every month on the same date. It’s a great way to spread the cost of larger items or to cover emergencies, and is a helpful tool to manage your budget more effectively. Please note that Pay in 3 is a form of credit, so carefully consider whether you can afford the repayments to avoid late fees and possible impact to your credit score.
Will you check my credit report when I apply for PayPal Pay in 3?
Can the product ever impact my credit score?
What happens if I can’t make my payments?
Where else can I go for financial help and support?
How is my application for PayPal Pay in 3 assessed?
I have been declined for PayPal Pay in 3. Why?
How can I pay with PayPal Pay in 3?
What purchase amounts qualify for PayPal Pay in 3?
How long will my PayPal Pay in 3 plan last?
Where can I pay with PayPal Pay in 3?
Where can I see how much I owe?
When will my payments be charged?
Do I still get PayPal Buyer Protection when I choose PayPal Pay in 3?
What is PayPal Credit?
PayPal Credit is like a credit card, without the plastic. It’s a credit limit that’s attached to your PayPal account which you can use for your online purchases.
If your application is successful, PayPal Credit will be available as a funding source within your PayPal wallet and can be used for purchases in most places where PayPal is accepted. You can make purchases in the same way as you would with a normal credit card, by choosing PayPal Credit as your funding source at checkout.
PayPal Credit will provide you with a monthly statement showing your transactions and detailing the minimum repayment amount. Repayments can be made by monthly direct debit, directly from your PayPal account or by speaking to our customer service agents. For further information on how you can pay your PayPal Credit balance, see the ‘Make a Payment’ section below.
For purchases less than £99.00, interest is charged at your standard variable rate if the full amount is not paid off by the date shown on your statement. In addition, PayPal Credit lets you access two types of promotional offers:
If you use any of these promotional offers, they will also be detailed on your monthly statement, as well as in the PayPal Credit section of your PayPal account.
Are there any fees I should be aware of?
Is there an annual fee?
How do I make a payment?
How are my minimum repayments calculated?
What if I can’t pay?
What is persistent debt?
Where else can I go for financial help and support?
How does the 0% for 4 months offer work?
How do instalment offers with PayPal Credit work?
How do I select PayPal Credit as my funding source?
I have been declined for PayPal Credit. Why?
Does PayPal Buyer Protection apply to my PayPal Credit purchases?