paypal pay in 3

When choosing to check out using PayPal and selecting Pay in 3, you can opt to split your purchase into 3 interest-free payments, with no setup fees or charges. It’s a great way to help you stay in control of your budget. Get a decision in seconds.

1. Check Out with PayPal

2: Choose “Pay in 3” and complete your purchase.

3: Make the first payment now, the rest in two payments every month on the same date.

Example

Purchase price £1500.00

Pay £500 Today

Pay £500 In 30 Days

Pay £500 In 60 Days

PayPal Pay In 3, is available on purchases from £30.00 to £2,000.00.

1. What is PayPal Pay in 3?

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 be aware of the possible impact of missing payments, including making other borrowing more difficult or more expensive.

2. Will I be able to use PayPal Pay in 3?

PayPal may decide not to offer PayPal Pay in 3 as a payment option in certain circumstances, such as where checks suggest an increased risk of fraud or where data they hold suggests you may not be eligible. The checks they run are with an external credit reference agency. These searches will only be visible to you and will not affect your credit score.

If you choose PayPal Pay in 3 as your payment method when you check out with PayPal, you’ll be taken through the application process. You’ll get a decision instantly, but not everyone is approved based on the checks we carry out.

3. 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.

4. What information do I need to apply for PayPal Pay in 3?

To apply for PayPal, Pay in 3, you’ll need to provide your:

Title

Phone number

Address

Date of birth

Payment details

5. How is my application for PayPal Pay in 3 assessed?

PayPal’s decision-making process is automated. PayPal 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. They may also run a credit check with an external credit reference agency when you apply if they need more information to decide. This search will only be visible to you and will not affect your credit score.

We will not be able to tell you why any application was declined, many factors can determine if an application is successful or not and the final decision is made solely by PayPal.

6. Will applying for PayPal Pay in 3 impact my credit file?

PayPal report the ongoing performance of their Pay in 3 customers to credit reference agencies, as they believe it promotes responsible lending., 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 PayPal Pay in 3 Terms & Conditions and their our website.

7. Are there any fees associated with PayPal Pay in 3?

There are no fees for choosing to pay with PayPal Pay in 3, however if you are late with a payment, you will be charged a late payment fee.

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