So 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.

YES, Pay in 4 AND monthly payments (has interest) works for the 20% back. It's in the terms and conditions. No gift cards can't be done for cash back on any payment plan.

So the title says it all, what's the difference between those two? I know for one that Credit requires to run credit check. Does Monthly require to run credit check? what's the difference between those two?

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.

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.

Hi!

I’ve made a couple of Pay in 4 transactions this past week, but I’m unable to do even 1 more. I’ve tried using family members’ accounts as well, but to no avail. I’m getting denied due to “suspicious activity”. This began when I was trying to checkout with an account and had to change my card details twice…honestly super infuriating. I’m not even getting an option to pay monthly either, else I’d take it.

Anyone in the same situation?

Hey guys, i bought an item and chose that option in PayPal to pay over time, so now i have 12 monthly payments to make.

Now there is the option to pay also whatever amount you want before hand so the overall amount i have to pay is reduced faster.

But will this result in less money per month that is drawn from my account or will it result in less months to pay?

I'm trying to get concert tickets, and I want to use paypal pay Monthly. Will it affect my credit score?

So i was approved for a $1,089.99 purchase through Dell using monthly pay later via PayPal. I then found that same product at a local best buy, so I called paypal to see if I can relocate that same loan to a different vendor. They told me to cancel that purchase through the vendor and make a new one at the other vendor. They did not tell me that it would take 45 days for the current payment plan to cancel on their end. Now I can not apply for another monthly payment plan due to having one pending already and I do not have my product coming because I canceled the transaction. I know I was stupidly impatient for getting myself into this situation but customer support has been no help. Does anyone know what I can do other than wait 45 days?

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.

I want to create a new account and try to use Payment in 4.

Will it work for new accounts?

Also i heard its not being accepted right now, is this true?

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)?

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?

Hello

So I have recently been building my credit for about 3.5 months. I have had a PayPal account for a few years now and used it sporadically.

This past summer I was trying to buy an airline ticket and was denied for Pay in 4. I had no credit history at all so no surprise. So I started using PayPal for a lot of day to day purchases like Uber and Lyft rides, UberEats and DoorDash, etc...

Anyways in August I was approved for a ticket with Pay in 4, then denied for another one. But I made all the payments on time and then was approved for another ticket and by mid September I started building my credit with a starter credit card. Also got a couple Secured Cards.

By mid December I had 8 Pay in 4 approvals that were all paid off with no issues. When I checked in my app up until 2 weeks ago I was always seeing me only prequalified for $400 or $500. When I used $400 for a Pay in 4 purchase it showed $100 left for prequalification.

All of a sudden 2 weeks ago I looked and it showed I am prequalified for $1500!! How did I go from $500 to $1500 seemingly overnight? Also I had to make a bunch of purchases on ebay and airline tickets and I currently have 7 open Pay in 4 plans(a few are almost paid off though). But now I can literally buy a $450 airline ticket with Pay in 4 and it still shows $1500 prequalified no matter what.

My question is this, is this because my credit is pretty good 3.5 months in? And is it because I have paid off all previous plans with no issues? I am shocked how much trust PayPal is all of a sudden giving me. Pleasantly surprised actually but I worry this is too good to be true.

Lastly, I decided to take a plunge and apply for PayPal Credit last week and got approved for that too with a $1200 CL. This just all seems too good to be true for someone 6 months ago had trouble getting approved for a Pay in 4 $200 purchase.

What can any experts tell me about this? Thx so much.