All about PayPal Credit
PayPal Credit is like a credit card, but without the plastic.
It’s a credit limit that’s attached to your PayPal account which you can use for your online purchases.
What transactions quality?
Purchases over £99.00 qualify. The 0% interest offer is NOT just an introductory offer. You simply need to spend a minimum of £99 and you get 0% interest for 4 months on that purchase.
PLUS, the great thing is you’ll automatically get 0% for 4 months every time you spend over £99.
It’s quick and easy to apply for PayPal Credit – all you need to do is complete a short application form and you'll be given a decision instantly.
If your application is approved, and you accept, you’ll then have a credit limit attached to your PayPal account to start using straightaway, at thousands of online stores.
With instalment offers from PayPal Credit you get:
- Regular monthly payments – you pay the same amount each month to help you plan better
- A credit limit linked with your PayPal account that makes it easier to buy everything you need.
Applying for PayPal Credit is easy. You just 'click' on the PayPal Credit button on checkout page. A selection of instalment offers will be displayed, enabling you to spread the cost of your purchase across a number of payments.
The application form takes just minutes to complete. PayPal will 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.
You can use the credit limit granted to pay for today's purchase, and future purchases, up to your credit limit.
Is a PayPal account required?
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.
Why do I not see PayPal Credit as a payment option?
For PayPal Credit to show as a payment option, you will need to ensure that the items in your basket are eligible for PayPal Credit and that you have a minimum spend of £99 within your basket.
What is the cost of PayPal Credit outside of instalment offers?
The Representative Example below shows the typical costs of using a PayPal Credit limit, not including instalments or other offers.
- Purchase rate 19.9% p.a. (variable)
- Representative 19.9% APR (variable)
- Assumed Credit Limit £1,200
PayPal Credit is a trading name of PayPal (Europe) S.à.r.l. et Cie, S.C.A., 22-24 Boulevard Royal L-2449, Luxembourg.
Finance provided by PayPal Credit. Terms and conditions apply. Credit subject to status. UK residents only.