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!
Spokeo
management.org › home › forums › personal finance
Does PayPal Monthly Build Credit? | Management Forum
June 20, 2025 - For anyone wondering, you can check if your Pay Monthly is being reported by pulling your free credit reports at annualcreditreport.com. Look for WebBank or Synchrony under loans. That’s your clue. ... thanks for clarifying between Pay in 4 and Pay Monthly!
Videos
Is a credit check required when applying for PayPal Pay Later offers?
When applying for PayPal Pay Later solutions, a soft credit check may be needed, but will not affect your credit score. You must be 18 years old or older when applying for Pay Later.
paypal.com
paypal.com › us › digital-wallet › ways-to-pay › buy-now-pay-later
Buy Now Pay Later | Pay in 4 | Pay Monthly | PayPal US
What Credit Score Do You Need for PayPal Pay Later?
PayPal does not specify a minimum credit score for use of its buy now, pay later services; however, depending on the service you select, you may be subject to either a soft or hard credit check.
thepennyhoarder.com
thepennyhoarder.com › home › paypal buy now, pay later review: how does it stack up against competitors?
PayPal Buy Now, Pay Later 2023: Pay in 4 and Pay Monthly
What Is PayPal Pay in 3?
PayPal’s Pay in 3 financing service is available to buyers in the U.K. If you are located in the United States, the equivalent offering is PayPal Pay in 4. · Why PayPal offers Pay in 3 in the U.K. and Pay in 4 in the United States we cannot say, but it does allow U.S. consumers to split purchases into smaller payments over a longer period of time.
thepennyhoarder.com
thepennyhoarder.com › home › paypal buy now, pay later review: how does it stack up against competitors?
PayPal Buy Now, Pay Later 2023: Pay in 4 and Pay Monthly
NerdWallet
nerdwallet.com › personal loans › reviews › paypal buy now, pay later: 2025 review › go to nerdwallet homepage
PayPal Buy Now, Pay Later: 2025 Review - NerdWallet
PayPal
There may be two payment plans to choose from: PayPal Pay in 4 and PayPal Pay Monthly. If you go with Pay in 4, you’ll need to make the first installment at checkout. You’ll then be automatically enrolled in autopay, and can use a debit card, credit card or bank account for repayments. PayPal can divide your purchase into equal installments with no interest. Read our PayPal review to learn more about how to buy now, pay later with PayPal.
Step
step.com › money-101 › post › does-using-paypal-affect-your-credit-score
Does Using PayPal Affect Your Credit Score? | Step
April 24, 2025 - This is great if you want flexible payments without the pressure of opening a new credit line. It might. Here’s why: ... Because PayPal Credit functions like a credit card, it factors into your report.
PayPal
paypal.com › us › cshelp › article › questions-about-pay-monthly-applications-help845
Questions about Pay Monthly Applications | PayPal US
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 and/or confirming your personal information, including your US residential address, phone number/type, date of birth, your Social Security Number (SSN) or Individual Tax Identification Number (ITIN), and annual income after taxes.
PayPal
paypal.com › us › digital-wallet › ways-to-pay › buy-now-pay-later
Buy Now Pay Later | Pay in 4 | Pay Monthly | PayPal US
Pay in 4 is always interest-free, with no late fees or sign-up fees. With Pay Monthly, you will pay a fixed interest rate, which varies based on your credit, and you won't pay any late fees or sign-up fees.
Checkmyfile
checkmyfile.com › home › help centre › articles › does paypal buy now pay later impact your credit score?
Does PayPal BNPL affect your credit score? | Checkmyfile
August 21, 2024 - With Pay in 3, you spread the cost of your purchases over two months. But with PayPal Credit, you receive a monthly statement with a minimum amount you must pay — very much like a traditional credit card account.
YouTube
youtube.com › watch
Does PayPal Pay Monthly Affect Credit Score? - CreditGuide360.com - YouTube
Does PayPal Pay Monthly Affect Credit Score? Are you curious about how using PayPal's Pay Monthly option can influence your credit score? In this informative...
Published November 13, 2024
The Penny Hoarder
thepennyhoarder.com › home › paypal buy now, pay later review: how does it stack up against competitors?
PayPal Buy Now, Pay Later 2023: Pay in 4 and Pay Monthly
PayPal Buy Now, Pay Later Review: How Does It Stack Up Against Competitors?
Shoppers have used traditional ... credit cards and personal loans, to finance their purchases. Buy now, pay later services aim to make it easier for customers to walk out with purchases the same day while having little to no impact on their credit score or credit report. Available with supported online retailer partners, PayPal’s buy now, pay later services allow you to choose one of two installment payment options at checkout...
PayPal
paypal.com › us › brc › article › frictionless-buy-now-pay-later
Frictionless Payments with Buy Now Pay Later | PayPal US
February 12, 2025 - As of Q3 2024, PayPal had 432 million ... process is frictionless. New customers may require a soft credit check for Pay in 4 or Pay Monthly, a process that usually takes only a few seconds....
PayPal
paypal.com › us › cshelp › article › questions-about-pay-later-single-use-virtual-card---in-store--help1298
Questions about Pay Later Single-Use Virtual Card - In Store | PayPal US
If you need to re-access your single-use card information and have not added it to your digital wallet yet, log in to your account with PayPal via the PayPal app or desktop, tap on the Pay Later tile, and then click on your Pay Monthly plan to view your single-use card information.
PayPal
paypal.com › us › digital-wallet › ways-to-pay › credit-services
PayPal Cards and Credit Options | PayPal US
Interest will be charged to your account from the purchase date if the balance is not paid in full within 6 months. Minimum monthly payments required. Subject to credit approval. See terms. No. If approved, you’ll get either a PayPal Credit Card or a PayPal Credit digital line based on your credit history.
PayPal
paypal.com › us › cshelp › article › does-using-pay-monthly-impact-my-credit-score-help1063
Does using Pay Monthly impact my credit score? | PayPal US
Timely payments on Pay Monthly installment loans can boost your credit score as they are reported to credit bureaus, potentially improving your credit history.
Reddit
reddit.com › r/paypal › paypal pay monthly credit check hard or soft??????????????
r/paypal on Reddit: PayPal Pay monthly credit check hard or soft??????????????
October 6, 2025 -
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.
Top answer 1 of 3
1
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.
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For what it's worth, PayPal says Soft. Does applying for Pay Monthly impact my credit score? 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. https://www.paypal.com/us/cshelp/article/questions-about-pay-monthly-applications-help845
PayPal
paypal.com › us › cshelp › article › how-does-the-pay-monthly-installment-loan-appear-on-my-credit-report-help851
How does the Pay Monthly installment loan appear on my credit report? | PayPal US
Depending on which credit report you’re referencing, your loan may show as ‘WEBBANK/PAYPAL’ or ‘WEB/PAYPAL’. PayPal’s bank partner, WebBank, a state-chartered industrial bank in Utah, issues the loan. Please contact PayPal for anything related to your Pay Monthly installment loan.
PayPal Community
paypal-community.com › t5 › Products-Services-Archives › Where-to-check-my-Paypal-Credit-monthly-instalments › td-p › 3079559
Where to check my Paypal Credit monthly instalment... - PayPal Community
But if you're looking to payoff the purchase in 6 months, I'd recommend taking the purchase amount and just dividing it by 6. If you'd like to make minimum monthly payments, PayPal Credit Customer Support can assist you further at the link I provided above.
Spokeo
management.org › home › forums › personal finance
Does PayPal Installments Affect Credit | Management Forum
August 21, 2025 - If your main goal is building credit, don’t bother with PayPal installments. Open a secured credit card instead, use it for gas or groceries, and pay it off each month. That way you get guaranteed reporting.
Reddit
reddit.com › r/credit › what's the difference: paypal monthly and paypal credit?
r/CRedit on Reddit: What's the difference: PayPal Monthly and PayPal Credit?
August 29, 2022 -
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?
Top answer 1 of 2
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"PayPal Credit" is a PLOC (personal line of credit) without a physical card. PayPal also has a physical cashback Mastercard. I have both, both report as a revolving line of credit
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Paypal monthly: giving you a small loan at a decent or 0% apr if qualified Paypal credit: a credit card by paypal Yes, both require credit check as both qualify as lending.
Stax Payments
staxpayments.com › home › payment processing › everything you need to know about paypal buy now pay later [aka paypal pay later]
PayPal Buy Now Pay Later: What You Should Know
February 4, 2025 - Choosing an installment plan (if ... app or online. Note that when a shopper applies for a payment plan in Pay Later, PayPal conducts a credit check (soft check for Pay in 4 customers)....