Reddit
reddit.com › r/paypal › does pay monthly do a hard credit check?
r/paypal on Reddit: Does Pay Monthly do a hard credit check?
January 29, 2024 -
I’m looking to make a purchase that is just over the $1500 limit for pay in 4. Can anyone verify whether or not the Pay Monthly option (NOT “PayPal Credit”) will be a hard inquiry on your credit?
The website says:
“Applying for Pay Monthly will not impact your credit score. If your Pay Monthly Installment Loan is approved and used, PayPal may report your Pay Monthly Installment Loan to credit reporting agencies. This will include information like your loan amount and payment history which may impact your credit score.”
But also says:
“To apply, you’ll need to create a PayPal account (if you don’t already have one) and complete the Pay Monthly installment loan application by entering your personal information, including your US residential address, your Social Security Number (SSN) or Individual Tax Identification Number (ITIN), date of birth, annual gross income, and phone number/type.
This information is used to verify identity and determine eligibility.”
Are they determining eligibility through a hard inquiry?
TIA!
PayPal
paypal.com › us › cshelp › article › questions-about-pay-monthly-applications-help845
Questions about Pay Monthly Applications | PayPal US
To apply, you’ll need to create a PayPal account (if you don’t already have one) and complete the Pay Monthly installment loan application by entering and/or confirming your personal information, including your US residential address, phone number/type, date of birth, your Social Security Number (SSN) or Individual Tax Identification Number (ITIN), and annual income after taxes.
Videos
Can I choose whether I get a PayPal Credit Card or a PayPal Credit digital account?
No. If approved, you’ll get either a PayPal Credit Card or a PayPal Credit digital line based on your credit history.
paypal.com
paypal.com › us › digital-wallet › ways-to-pay › credit-services
PayPal Cards and Credit Options | PayPal US
Can I choose whether I get a PayPal Credit Card or a PayPal Credit digital line?
No. If approved, you’ll get either a PayPal Credit Card or a PayPal Credit digital line based on your credit history.
paypal.com
paypal.com › us › digital-wallet › ways-to-pay › credit-services › paypal-credit
PayPal Credit: Your Reusable Credit Line | PayPal US
What is the difference between the PayPal Credit Card and the PayPal Credit digital line?
The PayPal Credit Card is a travel companion and so much more. Use it to pay over time on all qualifying travel purchases posted to your account by September 30, 2026, plus use it wherever Mastercard is accepted. When you check out with PayPal, use PayPal Credit Card to unlock special financing on all purchases of $149 or more.
If you aren’t approved for the PayPal Credit Card, you might still get a PayPal Credit digital line. This is a reusable, digital line of credit, with the same special financing offer when you check out with PayPal on purchases of $149 or more.
paypal.com
paypal.com › us › digital-wallet › ways-to-pay › credit-services › paypal-credit
PayPal Credit: Your Reusable Credit Line | PayPal US
Spokeo
management.org › home › forums › personal finance
Does PayPal Monthly Build Credit? | Management Forum
June 20, 2025 - For anyone wondering, you can check if your Pay Monthly is being reported by pulling your free credit reports at annualcreditreport.com. Look for WebBank or Synchrony under loans. That’s your clue. ... thanks for clarifying between Pay in 4 and Pay Monthly!
PayPal
paypal.com › us › digital-wallet › ways-to-pay › buy-now-pay-later
Buy Now Pay Later | Pay in 4 | Pay Monthly | PayPal US
Pay in 4 is always interest-free, with no late fees or sign-up fees. With Pay Monthly, you will pay a fixed interest rate, which varies based on your credit, and you won't pay any late fees or sign-up fees.
NerdWallet
nerdwallet.com › personal loans › reviews › paypal buy now, pay later: 2025 review › go to nerdwallet homepage
PayPal Buy Now, Pay Later: 2025 Review - NerdWallet
PayPal
There may be two payment plans to choose from: PayPal Pay in 4 and PayPal Pay Monthly. If you go with Pay in 4, you’ll need to make the first installment at checkout. You’ll then be automatically enrolled in autopay, and can use a debit card, credit card or bank account for repayments. PayPal can divide your purchase into equal installments with no interest. Read our PayPal review to learn more about how to buy now, pay later with PayPal.
PayPal
paypal.com › us › cshelp › article › questions-about-pay-monthly-repayments-help852
Questions about Pay Monthly Repayments | PayPal US
If you change a payment method ... bank account (ACH), debit card, or use the balance in your PayPal Balance account. Credit cards and prepaid cards are not accepted as repayment options....
PayPal
paypal.com › us › digital-wallet › ways-to-pay › credit-services
PayPal Cards and Credit Options | PayPal US
Interest will be charged to your account from the purchase date if the balance is not paid in full within 6 months. Minimum monthly payments required. Subject to credit approval. See terms. No. If approved, you’ll get either a PayPal Credit Card or a PayPal Credit digital line based on your credit history.
PayPal
paypal.com › us › pm-gse
Pay Monthly
Also get 5% on purchases in your ... when you check out with your PayPal Debit Card. ... 5% cash back earned on up to $1000 of selected category spend per month. Cash back awarded as points that can be redeemed for cash or other options. Terms apply. ... Paid every two weeks. No late fees. Won't affect your credit score to ...
PayPal
paypal.com › us › cshelp › article › questions-about-pay-later-single-use-virtual-card---in-store--help1298
Questions about Pay Later Single-Use Virtual Card - In Store | PayPal US
If you need to re-access your single-use card information and have not added it to your digital wallet yet, log in to your account with PayPal via the PayPal app or desktop, tap on the Pay Later tile, and then click on your Pay Monthly plan to view your single-use card information.
PayPal
paypal.com › us › digital-wallet › ways-to-pay › credit-services › paypal-credit
PayPal Credit: Your Reusable Credit Line | PayPal US
If approved, you'll get a PayPal Credit Card to use everywhere Mastercard is accepted or a PayPal Credit digital line to use when checking out with PayPal with the same special financing on purchases of $149+.1
Step
step.com › money-101 › post › does-using-paypal-affect-your-credit-score
Does Using PayPal Affect Your Credit Score? | Step
April 24, 2025 - This is great if you want flexible payments without the pressure of opening a new credit line. It might. Here’s why: ... Because PayPal Credit functions like a credit card, it factors into your report.
PayPal
paypal.com › us › cshelp › article › does-using-pay-monthly-impact-my-credit-score-help1063
Does using Pay Monthly impact my credit score? | PayPal US
Timely payments on Pay Monthly installment loans can boost your credit score as they are reported to credit bureaus, potentially improving your credit history.
The Penny Hoarder
thepennyhoarder.com › home › paypal buy now, pay later review: how does it stack up against competitors?
PayPal Buy Now, Pay Later 2023: Pay in 4 and Pay Monthly
PayPal Buy Now, Pay Later Review: How Does It Stack Up Against Competitors?
Shoppers have used traditional ... credit cards and personal loans, to finance their purchases. Buy now, pay later services aim to make it easier for customers to walk out with purchases the same day while having little to no impact on their credit score or credit report. Available with supported online retailer partners, PayPal’s buy now, pay later services allow you to choose one of two installment payment options at checkout...
PayPal
paypal.com › us › cshelp › article › how-does-the-pay-monthly-installment-loan-appear-on-my-credit-report-help851
How does the Pay Monthly installment loan appear on my credit report? | PayPal US
Depending on which credit report you’re referencing, your loan may show as ‘WEBBANK/PAYPAL’ or ‘WEB/PAYPAL’. PayPal’s bank partner, WebBank, a state-chartered industrial bank in Utah, issues the loan. Please contact PayPal for anything related to your Pay Monthly installment loan.
YouTube
youtube.com › watch
Does PayPal Pay Monthly Affect Credit Score? - CreditGuide360.com - YouTube
Does PayPal Pay Monthly Affect Credit Score? Are you curious about how using PayPal's Pay Monthly option can influence your credit score? In this informative...
Published November 13, 2024
PayPal
paypal.com › us › cshelp › article › how-is-my-pay-monthly-application-assessed-help849
How is my Pay Monthly application assessed? | PayPal US
PayPal reviews Pay Monthly applications based on credit score, transaction history, and account age. If declined, other payment methods can still be used.
Checkmyfile
checkmyfile.com › home › help centre › articles › does paypal buy now pay later impact your credit score?
Does PayPal BNPL affect your credit score? | Checkmyfile
August 21, 2024 - With Pay in 3, you spread the cost of your purchases over two months. But with PayPal Credit, you receive a monthly statement with a minimum amount you must pay — very much like a traditional credit card account.
PayPal
paypal.com › us › brc › article › frictionless-buy-now-pay-later
Frictionless Payments with Buy Now Pay Later | PayPal US
February 12, 2025 - As of Q3 2024, PayPal had 432 million ... process is frictionless. New customers may require a soft credit check for Pay in 4 or Pay Monthly, a process that usually takes only a few seconds....
PayPal
paypal.com › us › cshelp › article › will-my-pay-monthly-installment-loan-be-reported-to-the-credit-bureaus-help850
Will my Pay Monthly installment loan be reported to the credit bureaus? | PayPal US
PayPal may report your Pay Monthly installment loan to credit reporting agencies.