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

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?

Hey folks,

I just discovered this, but Paypal Pay-in-4 actually supports putting a credit card as your method of purchase, and it'll actually give you cashback! I bought an iPad for my brother for Christmas, and although I could theoretically pay it off instantly it by pulling a little bit from my reserves, I paid with it with Paypal Pay-in-4 through Best Buy, splitting up the ~600 dollar purchase for 4 equal payments over about 6 weeks.

The second transaction just posted to my credit card, which I used an American Express Blue Cash Everyday, and it correctly coded as online retail, giving me 3% cashback. We're in a high-interest rate environment, so you're committing a bit of arbitrage by letting it sit in an HYSA, having your cake and eating it, along with getting cash back. In addition, the Pay-in-4 Loan does not go on your credit report, so you can "hide" some legitimate debt and tack it on via putting it on your credit cards later.

For the math: you're getting a 3-4 month 0 APR loan (the time it takes for Pay-in-4 to end + the time to pay the balance) + ~3% cashback, so around a 4-5% in total that scales linearly (assuming you have the equivalent funds in a HYSA).

Word of note: the Credit Cards you can use as your payment method seems arbitrary. I couldn't actually use my Paypal Mastercard as the Pay-in-4 method for whatever reason, it just gave me a list of a few of the cards I had linked in my account. YMMV

Thought it might be useful for any min-maxxers out here!

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.

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!

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 am new to paypal credit and American credit system in general. The amount I owe is 336$ (6 months no interest) The first Minimum payment of 30$ is due on 25th of Jan. Amount to avoid interest is 30$ How can I pay, do i need to pay just the minimum or I have to pay 60$ every month? How autopay works? Autopay day is set up on 25th , it looks too late,no? What if automated payment fails? So,could you explain me How to make payments and avoid any issues?

I've tried to search around and I've found mixed reviews. I've used the Paypal pay in 4 a few times, never missed a payment (often paid them early cause I have autism and I despise owing money to anyone, I just get paid bi-weekly and it's easier to break up large bills into manageable pay periods). I hate the concept of credit but I know it's important so I was looking into a solid "first card" but couldn't find an answer I was happy with. I'm not trying to min-max rewards or cash back, or build off nothing. Just a card people can agree on that is good for newbies. I'm no longer a student, a recent grad who is looking for a better job but I know I should be using a credit card for the protection.

I'm pre-approved with Paypal though I would rather know my options before I commit. The only debt I have is my insurance, phone, and student loan bills (Around $250 a month), my grocery bill is about $100 a month, and my income varies from $1000 to $1200 a month (currently searching for a job, but I gotta do what I can).

I prefer being debit only, but that bit my dad in the ass a few years ago so I've got to learn from his mistakes. I'm the type of person who prefers paying upfront, so I already know I won't spend what I don't have. So is Paypal a good starter or should I look for something else as my first credit card.

And if it's worth anything, I am also within the Apple ecosystem so whatever apple has got going on is applicable. I mostly just want something that is sensible and to the point. No hidden fees, no crazy hikes. I don't need a crazy credit limit.

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?

I use the Paypal pay in 4 feature many times to handle big payments to make it easier to manage bills and other things alongside my pay period. However, they suddenly removed the ability to use Credit Card and state:

"Now only debit card and bank payments are accepted for Pay in 4"

I literally used this feature with a credit card YESTERDAY. Is anyone seeing this?

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.

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

I've Googled and searched in this sub, and I'm sure it's been explained already (and I did read the terms and conditions and where it explains how they allocate your payments), but I think I just need someone to ELI5 because I'm still not 100% sure how the interest free period for multiple promotional purchases works. . . So, if I only use Paypal credit for qualifying purchases over $99, say I make a $100 purchase in January and another $100 purchase two months later in March, will they both be interest free if I pay off a total of $100 by June (6 months from the first purchase date) and the remaining $100 by August (6 months from the second purchase date), no matter what amount I pay per month? So if I treat it like an extended pay-in-four type of deal, except over 6 months instead of 4, and just pay off the first purchase in equal installments over 6 months, and then the second one similarly over 6 months, I won't be charged interest?

I had assumed that's how it works but I just want to make sure there isn't some fine print that I'm missing that would result in me paying interest, as long as the full amount of each purchase is paid off within 6 months from the original purchase date, even when there are multiple promotional purchases which are adding to the total balance of the account.

Made a 700 purchase and got an extra 30 added. Thought I had read and understood the fine print but I guess not.

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?

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.

Iv'e been doing some researching and came up with the conclusion the only way to do this is to buy e-gift cards from Walmart in 200 dollar increments and get cash back with them at a grocery store. My question is this a legit way of getting some money of fmy Paypal credit as a line of credit or is there a different way?

Hi

I would like to pay my PayPal credit with my credit card however it does not give me the option to do this:

Any ideas?

Thanks so much in advance! I’m in the UK if that makes any difference