Paypal has 2 Pay Later options. 1)Pay in 4 where you can choose this and if approved, pay for your item in 4 installments. The first payment is due at the time of purchase(although if you use your checking account it can take a few days before the 1st payment actually gets taken out). You are able to use Pay in 4 from 
1500 on each purchase(broken down into 4). Just be aware the higher value your item is the harder it might be to get approved 2)Pay Monthly - this is where you can split your payments into once a month for either 6, 12 or 24 months depending on the value. You can use this for high ticketed items of up to $10,000 and the minimum is $200. I have used Pay in 4 a lot and I like it but I like Pay Monthly better. It's just harder to get approved for it. They both do a soft credit check but imo Pay Monthly has some harder criteria to get approved. I have 4 Pay Monthly plans going now and I love it because you don't have to pay anything for a month after you get approved which is great. Hope that helps. Answer from SteelersPoker on reddit.com
1500 on each purchase(broken down into 4). Just be aware the higher value your item is the harder it might be to get approved 2)Pay Monthly - this is where you can split your payments into once a month for either 6, 12 or 24 months depending on the value. You can use this for high ticketed items of up to $10,000 and the minimum is $200. I have used Pay in 4 a lot and I like it but I like Pay Monthly better. It's just harder to get approved for it. They both do a soft credit check but imo Pay Monthly has some harder criteria to get approved. I have 4 Pay Monthly plans going now and I love it because you don't have to pay anything for a month after you get approved which is great. Hope that helps. Answer from SteelersPoker on reddit.comPayPal
paypal.com › us › webapps › mpp › credit-pala-easy-payments
PayPal Credit - PayPal
Pay for your purchases in monthly payments. Subject to credit approval.
Spokeo
management.org › home › forums › personal finance
Does PayPal Monthly Build Credit? | Management Forum
June 20, 2025 - Yes, PayPal’s Pay Monthly does report to the credit bureaus at least for the installment loan option issued through Synchrony Bank. Mine shows up on Experian as a personal loan. It’s been helping my credit mix and on-time payments.
Videos
How can I pay with Pay in 4?
You can shop online with Pay in 4 just about everywhere PayPal is accepted.
Pay in 4 will appear as a payment method for shopping cart values between $30 and $1,500 when you check out with PayPal.
You must be a Canadian resident and at least the age of majority in the province or territory in which you reside and hold a PayPal account in good standing or open a PayPal account to apply.
Pay in 4 is not available for certain merchants and goods and may not be available for certain recurring subscription services.
paypal.com
paypal.com › ca › digital-wallet › ways-to-pay › buy-now-pay-later
Buy Now Pay Later | Pay in 4 | PayPal CA
Does Pay in 4 charge interest and fees?
Pay in 4 is always interest-free, with no late fees or sign-up fees.
paypal.com
paypal.com › ca › digital-wallet › ways-to-pay › buy-now-pay-later
Buy Now Pay Later | Pay in 4 | PayPal CA
How can I set up automatic payments?
With Pay in 4 your automatic payments will be set up at the time of purchase. You can manage your repayments through the PayPal app or online.
paypal.com
paypal.com › ca › digital-wallet › ways-to-pay › buy-now-pay-later
Buy Now Pay Later | Pay in 4 | PayPal CA
Reddit
reddit.com › r/paypal › paypal credit - option to pay specific amount per month
r/paypal on Reddit: PayPal Credit - option to pay specific amount per month
October 10, 2020 -
Hi,
So I just bought an item worth £200 via PayPal credit. It offered me 0% interest for the first 4 months, which I took. Can anyone confirm if this means that I'll pay £50 every month for 4 months, or do I have to pay £200 at the end of month 4? What's also confusing is how I don't have any control over how much I can pay, as monthly payments via PayPal credit is fixed based on how many months I'll be paying the purchases for.
Top answer 1 of 3
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If you have not done so, Read our FAQ! which answers most questions. Please note that with the current CoVid-19 crisis that support is very limited at PayPal. No one here can fix that or offer solutions. The most common answer is to telephone PayPal support. However at this time such a call may be frutile, though you can keep trying. Try contacting PayPal support using social media such as Facebook or Twitter as this works more often than telephoning. I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
2 of 3
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It’s setup to just have a minimum payment, which I think is $35. You can pay more than that, but you do have to pay the minimum. Minimum increases with your balance- so a $4,000 balance you might have a minimum of $100 for example. If you don’t pay the minimum they’ll charge the interest. Standard financing terms at any store card etc.
Reddit
reddit.com › r/paypal › is the pay later option monthly, weekly, or every 2 weeks?
r/paypal on Reddit: Is the Pay later option monthly, weekly, or every 2 weeks?
March 28, 2024 -
Im about to get a ps5, i have the money to just purchase in full but I feel this woulf be financially safer but im unsure of how this works.
Top answer 1 of 2
2
Paypal has 2 Pay Later options. 1)Pay in 4 where you can choose this and if approved, pay for your item in 4 installments. The first payment is due at the time of purchase(although if you use your checking account it can take a few days before the 1st payment actually gets taken out). You are able to use Pay in 4 from $30 to a max of $1500 on each purchase(broken down into 4). Just be aware the higher value your item is the harder it might be to get approved 2)Pay Monthly - this is where you can split your payments into once a month for either 6, 12 or 24 months depending on the value. You can use this for high ticketed items of up to $10,000 and the minimum is $200. I have used Pay in 4 a lot and I like it but I like Pay Monthly better. It's just harder to get approved for it. They both do a soft credit check but imo Pay Monthly has some harder criteria to get approved. I have 4 Pay Monthly plans going now and I love it because you don't have to pay anything for a month after you get approved which is great. Hope that helps.
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Abbreviations used in r/PayPal : NAD - Not as described. SNAD - Significantly not as described. INR - Item Not Received. UAT - Unauthorized transaction. OP - Original poster of the message. F&F - Friends and Family (no protection at all.) G&S - Goods and/or Services (has seller/buyer protection.) Posts about PayPal's policies will be removed. No more complaining about PayPal policy and their taking funds from your account for violations of rules. If you don't like the rules don't use PayPal. If you don't want to lose money, don't leave funds in your PayPal account. Simple as that. But these posts are often political or misleading. So no more posts on this subject! Thank you for submitting to r/PayPal , please make sure you have read the FAQ . If your account was created when you were younger than 18, then that is covered in the FAQ! Try contacting PayPal support using social media such as Facebook or Twitter as this works more often than telephoning. I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
PayPal
paypal.com › us › cshelp › article › questions-about-pay-monthly-applications-help845
Questions about Pay Monthly Applications | PayPal US
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 ...
PayPal
paypal.com › ca › digital-wallet › ways-to-pay › buy-now-pay-later
Buy Now Pay Later | Pay in 4 | PayPal CA
Time and flexibility are on your side. Split eligible purchases from $30 to $1,500 into 4 bi-weekly interest-free payments.
Quora
quora.com › Can-you-make-monthly-payments-with-PayPal
Can you make monthly payments with PayPal? - Quora
Answer (1 of 3): Hello. Yes, you can also make minimum monthly payments, or any additional amount of your choosing, until you've paid off your balance according to your standard account terms. Answer 1. Go to Billing & Payments. 2. On the right hand section "Auto reload” enable auto reload by ...
PayPal
paypal.com › us › cshelp › article › how-do-i-use-pay-monthly-help842
How do I use Pay Monthly? | PayPal US
Pay Monthly is available to eligible PayPal customers online at checkout for millions of merchants where PayPal is accepted and is subject to consumer credit approval. Availability depends on your state of residence, and you must be at least 18 years of age (or the age of majority in your state) ...
Quora
quora.com › What-is-the-minimum-payment-for-PayPal-credit
What is the minimum payment for PayPal credit? - Quora
Answer (1 of 2): Like all credit cards, it depends on the outstanding balance, for example, the minimum balance may be £5 or 1% wich ever is more, so if you had £1000 in paypal credit spent, your minimum payment would be £10 (with the 1% ...
PayPal
paypal.com › ppcreditapply › da › us › lander
PayPal Credit
You need to enable JavaScript to run this app · If you accept cookies, we’ll use them to improve and customize your experience and enable our partners to show you personalized PayPal ads when you visit other sites. Manage cookies and learn more · Accept · Decline · Close
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!
Hurom Canada
hurom.ca › pages › easy-payments-with-paypal-credit
Easy Payments with PayPal Credit | Hurom Canada
Buy now and pay later with Paypal Credit's financing option Use PayPal Credit's digital, reusable credit line to shop online anywhere PayPal is accepted, and get 6 months special financing on purchases of $99+ every time you shop.
JustAnswer
justanswer.com › computer › mwrzr-i-m-trying-set-paypal-credit-monthly.html
How to Set Up PayPal Credit Monthly Payments and Autopay
Log in to your PayPal account.Click on "PayPal Credit."Click on "Make a payment."Click on "Automatic payments."Select the amount to pay each month.Choose your payment method and payment date.You can also set up automatic payments by logging ...
PayPal
paypal.com › us › cshelp › article › what-is-pay-monthly-help839
What is Pay Monthly? | PayPal US
Pay Monthly is a way to spread the cost of qualifying purchases between $49 - $10,000 USD into fixed monthly payments over terms ranging from 3 to 24 months, available to eligible customers during online checkout. Terms and rates vary based on purchase amount and your credit.
PayPal Newsroom
newsroom.paypal-corp.com › 2022-06-15-PayPal-Introduces-Pay-Monthly-to-Give-Consumers-More-Choice-at-Checkout
Press Release: PayPal Introduces 'Pay Monthly' to Give Consumers More Choice at Checkout - Jun 15, 2022
Customers will have the option to select Pay Monthly for their shopping needs at millions of retailers including brands like Outdoorsy, Samsonite, Fossil, and Advance Auto in time for their summer purchases and activities · Since 2004, PayPal has partnered with banks to provide industry leading credit products, allowing millions of consumers the ability to spread out payments over time.
PayPal
paypal.com › us › cshelp › article › questions-about-pay-monthly-repayments-help852
Questions about Pay Monthly Repayments | PayPal US
Any amount paid in excess of the payment amount due will be applied to your outstanding loan balance. Any amount paid in excess of your outstanding loan balance will be a credit on your Pay Monthly account and will be automatically refunded to your PayPal Balance within 7 days.
Reddit
reddit.com › r/credit › paypal credit, too good to be true?
r/CRedit on Reddit: Paypal Credit, too good to be true?
April 13, 2024 -
I'm curious about PayPal credit's 6 months 0% APR offer and haven't been able to find out if paying off a purchase within those 6 months hurts you at all? This seems too good to be true, just for background I have 3 CCs and have never kept a balance on those cards l, I just pay everything off in full every month. But I'm about to buy something around 1k and having 0 interest deferred payment for this purchase would be great for me right now. I just don't want to hurt my credit by jumping into this because I have a high 700s credit score. Is this a great program for responsible people that pay it in full in 6 months, or just a trap? I'd plan to pay it in full in 5 months just to be safe.
Top answer 1 of 17
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I have used PayPal credit card for the last 3+ years I’ve used it for random big purchases that I want to breakdown into smaller payments like a flight and hotel to Europe paid for via PayPal also the activities while there. No issues at all as long as you pay everything within the 6 months agreement. Doesn’t hurt the credit score I’ve had 800+ the whole time. Hope this eases your concern.
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The 0% offers are basically the one reason to use Paypal Credit Does not impact score outside of normal utilization % stuff, just remember that all interest gets retroactively charged if you miss a payment, or if you don't pay it 100% off before the offer period ends. Minimum payments are usually going to be considerably smaller than what you'd need to pay down a large purchase in 6 months - basically anything over $150 or so, you'll want to be paying more than the minimum. Don't have to, but you ought to.
Merchant Maverick
merchantmaverick.com › home › blog › business loans › what is paypal credit & how does it work?
PayPal Credit: What You Need To Know | Merchant Maverick
August 19, 2024 - You can make the minimum payment at the end of the month, make payments in any other amount whenever you like, or pay your balance in full at any time, similar to a credit card. For new accounts, PayPal Credit has a variable APR of 31.39% on ...
DD Bird
myddbird.com › paypal-credit
PayPal Credit — DD Bird
Avoid paying interest by paying your balance in full each month by the due date. You can also make payments until you've paid off your balance according to your standard account terms. Interest charges may apply. We'll send you email reminders when your payments are due. You can keep track of your account and view your statements online at any time. ... PayPal Credit is a digital, reusable credit line available to purchase goods and services from thousands of online stores.
PayPal Community
paypal-community.com › t5 › Products-Services-Archives › How-do-I-apply-for-monthly-payment-option › td-p › 3068270
How do I apply for monthly payment option - PayPal Community
Pay Monthly is a way for PayPal customers to spread the cost of their eligible purchases between $199 - $10,000 USD into equal monthly payments over a specific term. It’s offered to eligible customers during the PayPal online checkout experience thus if you see it being offered as a payment ...