How does the 0% for 4 months offer work?
For customers with PayPal Credit, 0% interest for 4 months is available on single transactions of £99.00 or more. This means when you spend more than £99.00 in one shopping basket, you’ll benefit from the offer and won’t be charged any interest on that transaction for 4 months after purchase. This applies automatically to any purchase made using PayPal Credit in excess of this value, except those to which another promotional offer (such as an instalment offer) applies. You can use this offer as many times as you like as long as you have an available credit limit.
While no interest is charged, any balance subject to a 0% for 4 months offer will be included in the calculation of your minimum repayment amount. Any remaining balance due after the 4-month promotional period will be charged at your standard variable rate. If you fail to make minimum repayments on time or in certain other circumstances, PayPal may remove your offer. Please see the Credit Agreement for more details.
Representative Example:
Representative
23.9% APR
Purchase Interest Rate
23.9% P.A. (Variable)
Assumed Credit Limit
£1,200
Buy now and pay later with Pay in 3
PayPal Pay in 3 is PayPal’s buy now, pay later service that lets you split your online shopping basket into three interest-free manageable payments. Make the first payment at the time of purchase and make two more payments on the same date each month. Split your purchases of between £30 and £2,000 into 3 interest-free payments without late fees.
Get to Know Pay in 3
| Purchase Amount | £20-£3,000 |
| Number of payments | 3 interest-free payments |
| Time between payments | First payment is made at the point of eligible purchase with the next two payments made automatically on the same date over two months. |
| Repayment method | Debit card, or confirmed bank account |
| Buyer Protection | Included on eligible purchases |
| Sign-up and late fees | None |
FAQs
How do I apply?
Applying for PayPal Credit is easy. Simply complete our short application form here and if approved and once you accept the Credit Agreement, you’ll have a credit limit linked to your PayPal account almost straight away.
How long does it take to apply for/receive PayPal Credit?
The application form takes minutes to complete. We'll then run a credit check and if approved, you’ll have a credit limit linked to your PayPal account as soon as you accept your credit agreement.
How much will my credit line be?
To determine the size of your credit line we use the information you provide in the application form along with internal PayPal data and an external credit check.
I have a business account. How can I sign up for PayPal Credit?
You can contact PayPal Customer Services to change your business account to a personal account to apply for PayPal Credit. Alternatively, you can create a new personal account to apply.
What if I don’t have a PayPal account?
The first stage of the PayPal Credit application process will ask you to sign into your PayPal account or offer you the opportunity to sign up for one. Once you’ve signed up for a PayPal account, you can begin the application for PayPal Credit. Signing up for a PayPal account is free and easy; all you need to do is provide your email address, create a password and accept our User Agreement.
*Credit subject to status. Terms and conditions apply. UK residents only. PayPal Credit is trading name of PayPal UK Ltd, 5 Fleet Place, London, United Kingdom, EC4M 7RD. Deemed authorised and regulated by the Financial Conduct Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the UK for a limited period while seeking full authorisation, are available on the Financial Conduct Authority’s website.