So I am about to make a couple of largeish electronics purchases which are eligible for Paypal pay in 4 to be used. I have all the cash now upfront, but it is sitting in an offset account, so I wonder if I should just use the Pay in 4, set it up for auto payment and just save the few cents/dollars in mortgage interest by having the cash in my account that bit longer.

There seems not to be any fees associated with it at all, that I can see. So assuming I pay it all off exactly as per the Paypal terms, is there any negatives that I am missing about using Pay in 4?

Hello everyone, i have a problem with Paypal: every time I try to pay in installments, PP refuses. I tried everywhere: ebay, subito, aliexpress etc.. Only the first time I tried the installments worked, but I was in another country with a different value (I was in Japan, I live in Italy). I don't know why they keep refusing to let me pay that way. When I used it the first time I always paid on time, so I think there are no problems about it. I also have a new credit card attached to PP, so I can't really think about what the problem could be. Anyone with my same problem?

Basically I read it actually takes the entire price and is not actually 4 separate payments, and I was wondering what happens if I don't have all the money in my account yet, but enough for at least the first payment, of course I can get the rest of the money in a few days but my problem was that I really wanted to buy something today because the discount ends in a few hours

I can buy things in Internet, by going to paypal and choosing Paypal 24month installment payment. Handler gets all money he needs (from paypal) instantly. I pay first installment and my product gets shipped to me.

Isnt it risky as hell to pay pal? Someone can buy something worth of 50k dollars, and pay only 2k dollars as their first installment and thats it.

So I used PayPal pay later for stockx it showed me what the payments would be monthly and I agreed, but it charged me the full amount. I wanna use it again but am hesitant.

I want to pay in installments with PayPal, but every time I select this option, I get the message “Sorry, we cannot offer you this payment method”. I contacted customer support, and they explained that I am registered as a business because I have received over 2000 euros through PayPal. They advised me to delete my account and create a new one to access the installment payment option. I did that, but I still keep getting the same message and cannot pay in installments. Has anyone found a solution?

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 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 went to pay off a couple pay in 4s I have open, and it won’t let me use credit cards as of today. Is anyone else having this issue?

Just wondering. I assume there's some secret way they fuck you over, but maybe not. Do you have to apply like a credit card (i.e they check your credit or debts you have with other entities)? Also, I read that it applies the full amount of the item to your account and then drops that when the first payment comes. My account currently does not have the full amount--that's why I'd be paying in 4 to begin with--and I do not want to suffer a massive overdraft fee because a phantom pending charge tanked my bank account into the negative.

3 months ago I bought a robot vacuum that I have been meaning to buy for a while from alternate for 6 monthly instalments. And now I am thinking of buying parts for a power-efficient home server I wish to build.

I can afford to pay for both these things upfront but I don't really see why I should do it given the 0% interest rate. I could be investing this money monthly.

This brings me to my original question in the title. Is it ok to do this on a regular basis? How adversely if at all it affects the SCHUFA? Are there any other downsides to this assuming you have a stable job and income and aren't buying things you don't need or can't afford?

Thanks!

Edit: Thanks, everyone. I will refrain from making purchases through instalments.

Edit 2: Paypal does not offer 0% anymore. Changed it to 9.99%. Problem solved on its own.

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?

please help i just turned 18 and just want to fulfill my childhood dream BUT the bank stuff is fucking complicated.

Hi all. Discover today a good new about the installments pay. Can anyone explain me step by step how to do for Amazon please?

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.

Hello everyone, I'm thinking about getting a SimRacing set from Fanatec. But since I don't have that much money available at once, I wanted to finance it via Paypal. Now my question: Has anyone ever done this this way? I don't want to end up paying over 800 euros via Paypal all at once because Paypal doesn't let me decide how I want to pay.

i turned 18 on 25th of november and already paid a lot with paypal and also got enough money in my linked bank acc so how long do i have to wait?

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.