PAYPAL PAY IN 3 TERMS AND CONDITIONS
HOW DO I APPLY?
- PayPal Pay in 3 is an interest-free loan that lets you split your basket into 3 payments, with the first due at time of purchase and subsequent payments due every month on the same date. It’s a great way to spread the cost of larger items or to cover emergencies, and is a helpful tool to manage your budget more effectively. Please note that Pay in 3 is a form of credit, so carefully consider whether you can afford the repayments and possible impact to your credit score.
- PayPal Pay in 3 is only available on selected watches from £30 to £300.
- To pay with PayPal Pay in 3, simply select the item you wish to purchase and proceed through the checkout by selecting Pay in 3.
- The decision-making process in PayPal is automated. They assess your financial position using a combination of the information you provided within your application, and information about your usage and history with PayPal to decide whether PayPal Pay in 3 is suitable for you at this time.
- If PayPal refuses to authorise payment or we do not at our complete discretion find our anti-fraud checks to be satisfactory, we will not accept your order.
- For the full PayPal Pay in 3 Terms and Conditions please click here.
PAYPAL PAY IN 3 FAQs
How can I pay with PayPal Pay in 3?
Just choose to pay with PayPal when you shop online, log into your PayPal account and, if it is an eligible transaction, you’ll see PayPal Pay in 3 as one of the available payment methods. After selecting it, you can apply for a PayPal Pay in 3 plan in a few simple steps, get an instant decision and finish checking out.
How long will my PayPal Pay in 3 plan last?
Your plan will last 2 months in total. The first payment will be due at the time of purchase, followed by 2 further payments due each month after that.
Can I use PayPal Pay in 3 if I have PayPal Credit?
Yes, PayPal Pay in 3 is a separate feature from PayPal Credit. Purchases made using PayPal Pay in 3 will be visible in the PayPal Pay in 3 section of your PayPal Wallet.
How is my application for PayPal Pay in 3 assessed?
PayPal’s decision-making process is automated. They assess your financial position using a combination of the information you provided within your application, and information about your usage and history with PayPal to decide whether PayPal Pay in 3 is suitable for you at this time.
Will applying for PayPal Pay in 3 impact my credit file?
Not at the moment. We report the ongoing performance of our Pay in 3 customers to our credit reference agencies, as we believe this promotes responsible lending. However, the UK’s main credit reference agencies are currently unable to fully consume Buy Now Pay Later data. We are working closely with the industry to address this matter. Currently, Pay in 3 does not impact your credit score although using Pay in 3 may impact your ability to obtain credit and the cost of accessing it. More information is available in Pay in 3 Terms & Conditions.
Where can I see how much I owe?
Just log into your PayPal account, go to PayPal Pay in 3, and click on the specific PayPal Pay in 3 plan you want to see. The amount you still owe will be under “Remaining”. PayPal will also send you a reminder by email or SMS 10 days before your payment is due, detailing the amount of your payment, the payment due date and the funding instrument the payment will be taken from.
Can I pay off the entire PayPal Pay in 3 plan at once?
Yes, just log into your PayPal account, choose the PayPal Pay in 3 plan you want to pay off, and click Make a Payment. Then you can make an unscheduled payment of Next Payment Due or Full Balance.
Can I make extra or unscheduled payments?
Yes, just log into your PayPal account, choose the PayPal Pay in 3 plan you want to pay off, and click Make a Payment. Then, you can make an unscheduled payment of Next Payment Due or Full Balance.
When can I find more information about PayPal Pay in 3?
For more information about PayPal Pay in 3 please visit their FAQ page found here.