Choose 0% interest for 4 months, or pay in instalments over a longer period.
0% Interest for 4 months
Like a credit card without the plastic. Enjoy 0% interest for 4 months on all purchases of £99 or more. Choose PayPal Credit at the checkout.
- How does the 0% for 4 months offer work?
For customers with PayPal Credit, 0% interest for 4 months is available on single transactions of £99.00 or more. This means when you spend more than £99.00 in one shopping basket, you’ll benefit from the offer and won’t be charged any interest on that transaction for 4 months after purchase. This applies automatically to any purchase made using PayPal Credit in excess of this value, except those to which another promotional offer (such as an instalment offer) applies. You can use this offer as many times as you like as long as you have an available credit limit.
While no interest is charged, any balance subject to a 0% for 4 months offer will be included in the calculation of your minimum repayment amount. Any remaining balance due after the 4-month promotional period will be charged at your standard variable rate. If you fail to make minimum repayments on time or in certain other circumstances, PayPal may remove your offer. Please see the Credit Agreement for more details.- What Is PayPal Credit?
PayPal Credit is like a credit card, without the plastic. It’s a credit limit that’s attached to your PayPal account which you can use for your online purchases. If you have PayPal Credit it will be available as a funding source within your PayPal wallet and can be used for purchases in most places where PayPal is accepted. You can make purchases in the same way as you would with a normal credit card, by choosing PayPal Credit as your funding source at checkout.
For purchases less than £99.00, interest is charged at your standard variable rate if the full amount is not paid off by the date shown on your statement. In addition, PayPal Credit lets you access two types of promotional offers: 0% for 4 months on all purchases of £99.00 and over; and instalment offers with selected merchants.- Is PayPal Credit Available To Everyone?
No, PayPal Credit is only available to customers over 18 living in the United Kingdom (excluding Channel Islands and the Isle of Man). PayPal also have to assess a customer’s creditworthiness, so you should have a good credit history to apply.
- How Can I Apply For PayPal Credit?
Customers may be offered the opportunity to apply for credit on a website, if purchasing an eligible product and choosing to apply for an instalment offer using PayPal Credit. Otherwise customers can apply directly via PayPal’s website.
Pay in Instalments
Spread the cost over a longer period with a fixed interest rate. Current options are below. To pay in instalments, choose PayPal Credit at checkout and select Instalments.
Enter a purchase amount to calculate your monthly Instalments.
| Instalment Rate p.a. | Payments | Monthly Payments | Total Inc. Interest | Minimum Purchase |
|---|
The monthly payment shown is an estimated amount and may not include taxes and shipping
- How do instalment offers with PayPal Credit work?
With selected merchants, when you check out with PayPal Credit, you’ll be shown a selection of instalment offers which enable you to spread the cost of your purchase across a number of repayments. These instalment offers allow you to choose a set monthly repayment over a fixed period to help spread the cost of larger purchases in a more manageable way.
Instalment offers will always have an interest rate lower than the standard variable rate. If you already have PayPal Credit, you can take advantage of these offers without having to reapply as long as you have enough available credit limit.
It is important that you think about whether you can afford the monthly repayment agreed for any instalment offer. This will be added to your monthly minimum repayment amount and will need to be paid each month.
If you fail to make repayments or in certain other circumstances, PayPal may remove your offer and any outstanding amount will be charged at your standard variable rate. Please see the Credit Agreement for more details.- What Is PayPal Credit?
PayPal Credit is like a credit card, without the plastic. It’s a credit limit that’s attached to your PayPal account which you can use for your online purchases. If you have PayPal Credit it will be available as a funding source within your PayPal wallet and can be used for purchases in most places where PayPal is accepted. You can make purchases in the same way as you would with a normal credit card, by choosing PayPal Credit as your funding source at checkout.
For purchases less than £99.00, interest is charged at your standard variable rate if the full amount is not paid off by the date shown on your statement. In addition, PayPal Credit lets you access two types of promotional offers: 0% for 4 months on all purchases of £99.00 and over; and instalment offers with selected merchants.- Is PayPal Credit Available To Everyone?
No, PayPal Credit is only available to customers over 18 living in the United Kingdom (excluding Channel Islands and the Isle of Man). PayPal also have to assess a customer’s creditworthiness, so you should have a good credit history to apply.
- How Can I Apply For PayPal Credit?
Customers may be offered the opportunity to apply for credit on a website, if purchasing an eligible product and choosing to apply for an instalment offer using PayPal Credit. Otherwise customers can apply directly via PayPal’s website.
Representative Example
- Assumed credit limit £1,200
- Purchase rate 23.9% p.a.
(variable) - Representative 23.9% APR
(variable)
Finance provided by PayPal Credit. Credit subject to Status. Terms and Conditions apply. Merlin Cycles Limited acts as a broker and offers credit from PayPal Credit. PayPal Credit and PayPal Pay in 3 are trading names of PayPal UK Ltd, Whittaker House, Whittaker Avenue, Richmond-Upon-Thames, Surrey, United Kingdom, TW9 1EH.