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.comSo I have a PayPal credit card, use pay in 4, and have PayPal credit. I’ve never used PayPal Pay monthly. I want to buy something that’s $2,100 plus tax. Does the PayPal pay monthly have a max money you can use? Like the CC or credit
UPDATE: It seems like this was just no-strings-attached free money, except after a few weeks, I went to use pay in 4 and they tried to charge me. I stopped using it then, but I can definitely see how someone might have developed a habit and could now be stuck in a predatory situation.
Title. PayPal's pay-in-4 system was pushed to me recently, and it seems like a good deal to me--an interest-free, short-term loan over the course of two months. I don't see any gotchas in the fine print (e.g., "it's free now but we'll charge you later"). It seems like I should pay for everything I can through this system--an interest-free loan sounds pretty great. I'm not worried that I'll overspend--I've had a credit card for several years and have not paid a dime of interest on it. Is it a good financial decision for me to use this system?
USA, Washington State.
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.
I'm trying to get concert tickets, and I want to use paypal pay Monthly. Will it affect my credit score?
LPT: PayPal’s “pay in 4” has seriously saved me many times
PayPal’s option to “pay in 4” has got me out of quite a few sticky situations. My credit is not great, but I am approved for every time I “apply” for this option when paying online. I get paid biweekly, so after bills if I do not have the means to make a big purchase (most recent example: four new tires) I can make four even payments over four months that has zero interest and does not affect my credit. (I’m making 4 payments of $240 as opposed to a lump sum of $960).
Highly recommended for anyone with a PayPal account who is struggling to make a necessary purchase.
If there are cons to this, please let me know!! I’ve done so much research and cannot find any negative feedback.
Im getting so many conflicting answers on if pay monthly is or isnt a hard credit inquiry. I used their chat AI who says its a soft pull. Google says its a hard pull, but if I ask a different way it says its a soft pull. Ive searched reddit and its both soft pull or hard pull depending whos answering. I just got off the phone with their customer service to ask them and she didnt know as she wasn't familiar with pay monthly option, just kept saying PayPal credit, which, at check out, is a completely separate option. Does anyone really know the actual answer to this? Im trying to get an answer ASAP as the item needs to be ordered today before I go out of town Saturday so it will be here before then.
Hello everyone, I’m interested in making a purchase using a 12 month PayPal monthly plan. The total for the purchase is 990 but with PayPal APR being added the total would go up to 1110 ($120 in interest). If I were to make the purchase but literally pay it off completely in a week when I get paid would I still have to pay the interest?
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!
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.
When I click "Pay Later", it brings up this window with my address and a "Complete Purchase" button. I want to make sure that it's done monthly over a year, and not "Pay in 4" if I hit that button. I can't cancel or refund this, so I want to make sure it's the former before I lock anything in. Anyone have insight on this?
Is this normal? I was charged the 400 dollar total and there is no place to view the proof of it being a Pay Later receipt on paypal. I was making a purchase through the Buyee app and it just gave me the option to use PayPal Pay Later. after the purchase approved, I didnt see any information showing that it would be actually charged once a month (or whatever increment the payment plan is done in).
If this is normal, will my bank account be refunded then charged incrementally? I'm currently in the negative as a result of this so I wanna make sure this can be resolved soon so I don't encounter more issues with my account. Also not sure where i could go on the PayPal app to view the receipt since it just shows as a full payment in my activity rather than being listed under the Pay Later tab
I just got a hard credit check to use Paypal Monthly Payments on Ebay for nothing.
I go to checkout page for an Ebay item:
1st page I check the box for "Pay in installments $30/12months"
Next page is payment method:
Paypal Pay in 4? Nope I'm doing monthly payments (I just selected it on the previous page).
I select my credit card as the payment method. Great, right? I have made 2 selection "Pay in installments" and my credit card as the method. I want to make installment payments using my credit card through paypal. That's what has been selected.
NOPE. I'm charged the full amount on my credit card. The first page where I checked installments? Meant nothing, literally override on the next page. What absolute moron set up this UI?
Is there a limit to the number of times I'm able to use Pay Monthly loans within a certain time period (ie daily, weekly, etc)?
Looking to make a big purchase but want to be sure there's no hard credit check. Ive read alot of different things online.
Hey all! So my purchasing power with PayPal Pay Monthly was $1500 and I did an application this morning for $290 dollars. I went to do another this afternoon for $350 and was told it was not approved because I had just opened one "too recently." I was wondering if anyone had experience with this and how long they had to wait before they could make another Pay Monthly application?
Question, is there a specific Pay monthly application I need to do? Bcs all im seeing upon check out is the pay 4. But I want the Pay monthly. I've used it before and had no issues. Am i just Sol that they aren't offering it to me or something? The lady i called said there are no flags or problems with my account and tbh she was hard to understand so I wasn't able to quite feel confident in her answers. But like how does one get the Pay Monthly?
Abbreviations used in r/PayPal:
-
NAD - Not as described.
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SNAD - Significantly not as described.
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INR - Item Not Received.
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UAT - Unauthorized transaction.
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OP - Original poster of the message.
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F&F - Friends and Family (no protection at all.)
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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!
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I have been using PayPal for as long as it’s been around years upon years. I have also used the Pay in 4 option many times, have never missed any payments. Once in a while that option would go away and then reappear but now it has been gone as an option for months. I don’t have a balance at all, I regularly still use PayPal for some transactions, my banking and card info hasn’t changed. I contacted PayPal and one guy said he would “do a hard reset of my account and would turn it back on”. The next woman said that’s not even possible and they made that up ??? Then a third person said it will show up “when it’s available” and if I am using a merchant that accepts it. I know the merchants I’m using accept it because I have used it there in the past and also there is a “Pay Later” PayPal button on their actual checkout.
My question is, does this option ever go away and never come back? Someone from PayPal also told me to clear my browser cache and that did nothing. Is there anything I can do on my end to be able to use this again because their customer service is just terrible.