PayPal Credit FAQ
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.
Affordability
As with all forms of credit, it is important that you think about whether you can afford the monthly repayments before you enter into a credit agreement.
0% for 4 Months Offer
The 0% for 4 months offer is available on orders of £99.00 or more. No interest will be charged on the transaction for 4 months after purchase, but there will still be a minimum monthly amount you will need to repay, and you will be charged interest on any remaining balance at 23.9% p.a. (variable). 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.
How do I apply?
Applying for PayPal Credit is easy. Click on the PayPal Credit button on our basket or checkout pages, login to PayPal or create an account, then complete the short application form and, if approved and once you accept the Credit Agreement, you'll have a credit limit linked to your PayPal account almost straight away.
Do I need to reapply if I already have PayPal Credit?
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. Just select one of the available instalment offers and check out with PayPal Credit.
Do I need to have a PayPal account?
Yes, however you can create one as part of the application process for PayPal Credit. The first stage of the process will ask you to sign into your PayPal account or offer you the opportunity to sign up for one. Once you’ve signed up for a PayPal account, you can begin the application for PayPal Credit.
Signing up for a PayPal account is free and easy; all you need to do is provide your email address, create a password and accept PayPal's User Agreement.
I do not see PayPal Credit as a payment option?
PayPal Credit is only available to Merlin Cycles customers within the United Kingdom. For PayPal Credit to show as a payment option, you will need to ensure that you have a minimum spend of £99 in your shopping basket.
What do I do if I am unsuccessful in applying for PayPal Credit?
If you have been declined for PayPal Credit, PayPal will send you more information about why your application was unsuccessful. Alternate methods of payment are available.
What is the cost of PayPal Credit outside of any offers?
The Representative Example below shows the typical costs of using a PayPal Credit limit, not including instalments or other offers.
Representative Example:
- Purchase rate 23.9% p.a. (variable)
- Representative 23.9% APR (variable)
- Assumed Credit Limit £1,200
More Information
For more information on PayPal Credit’s terms and conditions and frequently asked questions, please visit PayPal Credit’s FAQ
For UK customers, we offer a few ways to pay later. Finance is only available to UK customers.
All our bikes are available on finance
Opting for bicycle finance may offer advantages, making it a practical and attractive choice for many. First and foremost, financing allows you to acquire a bike without the need for a substantial upfront payment, making it more accessible.
This financial flexibility of buy now pay later may be beneficial for those who do not have the immediate funds to purchase a bike. Additionally, bike financing enables you to spread the cost over a specified period.
Not just for bikes
Finance can be used to pay for larger, non-bike purchases too, helping you spread the cost of parts and accessories.
Pay in 3
Split your purchase into 3 with no sign-up fees or late fees.
Pay in 3 is a form of credit, so carefully consider whether the purchase is affordable and how you will make the repayments. Be aware of the possible impact of using Pay in 3 and of missing payments, including making other borrowing more difficult or more expensive. Pay in 3 eligibility is subject to status and approval. 18+ UK residents only. Available for purchases of £30 to £2,000. Terms and conditions apply. PayPal Pay in 3 is a trading name of PayPal UK Ltd, Whittaker House, Whittaker Avenue, Richmond-Upon-Thames, Surrey, United Kingdom, TW9 1EH.
Choose 0% interest for 4 months, or pay in instalments over a longer period.
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 is a trading name of PayPal UK Ltd, Whittaker House, Whittaker Avenue, Richmond-Upon-Thames, Surrey, United Kingdom, TW9 1EH.