PayPal Credit FAQ - 0% Finance for 4 Months


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Spread the cost with PayPal Credit
 

What is PayPal Credit?

PayPal Credit is like a credit card, without the plastic. It’s a credit limit that sits alongside your PayPal account which you can use for your online purchases.


 

How do I apply?

Applying for PayPal Credit is easy. Just choose PayPal at checkout and login. Select PayPal Credit as your payment method and complete the short form.

The application form takes few minutes to complete. PayPal will then run a credit check and, if approved, you’ll have a credit limit linked to your PayPal account ready to use as soon as you accept your Credit Agreement.

Applying is that simple.

PayPal Credit

Plus, you'll automatically get 0% interest for 4 months on all your purchases of £150 or more. Read below, click on here or any of the PayPal Credit banners in our site if you would like know more details.
 

What credit offers are available?

A 0% interest offer you can use again and again: PayPal Credit’s 0% interest offer is better than just an introductory offer. Every time you spend £150 or more, you will automatically get 0% interest for 4 months on that purchase. *

* Subject to status. Terms and conditions apply. UK residents only. The minimum payment due still applies to 0% offer balances. Any remaining balance due after the 4-month promotional period or any transactions under £150 will be charged interest at 17.9% p.a. (variable). In order to maintain the 0% offer, you need to keep up monthly repayments and stay within your credit limit.
 

Do I need to reapply if I already have PayPal Credit?

If you already have PayPal Credit you do not need to reapply, just select PayPal Credit as your payment option at checkout.
 

Do I need to have a PayPal account?

Yes, however, if you don’t have a PayPal account, you can create one as part of the PayPal Credit application.

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 PayPal’s User Agreement.

 

What do I do if I am unsuccessful in applying for PayPal Credit?

If you have been declined for PayPal Credit, PayPal will send you more information about why your application was unsuccessful. You can still use PayPal to complete your purchase.
 

What happens if I want to return the item I bought using my PayPal Credit?

Just return your purchase as normal and the money will be refunded to your PayPal Credit account.

 

What is the cost of PayPal Credit outside of promotional offers?

The Representative Example below shows the typical costs of using a PayPal Credit limit, without using promotional offers:.

Representative Example

  • Purchase rate 17.9% p.a. (variable)
  • Representative 17.9% APR (variable)
  • Assumed Credit Limit £1,200