Pay in 4 is a feature that lets you split your purchase into 4 payments, with the down payment due at the time of transaction and 3 subsequent payments made every 2 weeks thereafter.
Will I be able to use Pay in 4?
We are offering Pay in 4 to a growing number of our US customers. Availability depends on your state of residence and you must be at least 18 years of age (or the age of majority in your state) to apply. You must also have a PayPal account in good standing or open a PayPal account in order to apply. If you choose Pay in 4 as your payment method when you check out with PayPal, you will be taken through the application process. You will get a decision instantly but not everyone will be approved based on our internal checks.
How can I pay with Pay in 4?
Just choose to pay with PayPal when you shop online and if it is an eligible transaction, you will see Pay in 4 as one of the available payment methods. Simply apply for a Pay in 4 plan in just a few steps, get an instant decision, and finish checking out.
What purchase amounts qualify for Pay in 4?
You can use Pay in 4 for eligible shopping cart values between $30 to $600.
What are the terms and conditions for my Pay in 4 plan?
You must read the loan agreement of your Pay in 4 plan before you submit your application. You will see the link to the loan agreement when you choose to apply for Pay in 4 at checkout. You will also have the option to download the loan agreement. Once your plan starts, we will send you an email containing important information about your Pay in 4 plan, including how to locate your loan agreement.
Are there any fees associated with Pay in 4?
There are no fees for choosing to pay with Pay in 4, however if you are late with a payment you may be charged a late fee.
How long will my Pay in 4 plan last?
Your individual plan will last a little over 6 weeks in total. The down payment will be due at the time of the transaction and 3 subsequent payments will be taken every 15 days thereafter.
Currency conversion charges will apply as set out in your PayPal User Agreement.
Subject to credit approval.
Purchases of $99+:
No Interest if paid in full in 6 months on purchases of $99 or more.
- Interest will be charged to your account from the purchase date if the balance is not paid in full within 6 months.
- A minimum monthly payment is required and may or may not pay off the promotional purchase by the end of the 6 month period.
- No interest will be charged on the purchase if you pay it off in full within 6 months. If you do not, interest will be charged on the purchase from the purchase date at the Purchase APR applicable to your account.
- For New Accounts: Variable Purchase APR is 23.99%. The APR is accurate as of 3/1/2021 and will vary with the market based on the Prime Rate (as defined in your credit card agreement). Minimum Interest charge is $2.00.
- Individual items that are less than $99 qualify for special financing when combined for a total of $99 or more in a single transaction.
- Multiple separate transactions of less than $99 per transaction cannot be combined to meet the minimum purchase amount.
Buy now and pay over time with PayPal Credit when you spend $98.99 or less.
- If you pay your balance in full each month by the payment due date that is on your statement, you can avoid paying interest.
- Or, make minimum monthly payments, or any additional amount of your choosing, until you’ve paid off your balance according to your standard account terms. Please note, interest charges may apply.
- PayPal will send you email reminders when your payments are due. You can also keep track of your account and view your statements online at any time.
Additional information:
- If approved, we start you off with a minimum credit line of at least $250.
- For New Accounts: Variable Purchase APR is 23.99%. The APR is accurate as of 3/1/2021 and will vary with the market based on the Prime Rate (as defined in your credit card agreement). Minimum Interest charge is $2.00.
- If you miss a payment your late fee could be up to $40, even less if it's your first time.