PayPal Credit is a simple and flexible credit line that sits alongside your PayPal account. It is a paperless, cardless revolving credit limit.
If approved PayPal Credit is accessible from your PayPal account, allowing you to manage your payments, view your balance and check your monthly statements online. There's no lengthy application to fill out, just answer some quick questions, review and accept the terms and get a decision in seconds.
For more info and to help you with all the questions you have for PayPal about this payment type check out PayPal Credit Basics Help.
As long as you are a UK customer and have £99 worth of goods in your basket you will be eligible to apply for PayPal Credit.
No card. No hassle. Just credit you can use online again and again, as much or as little as you like.
Instant Access
An extension to your PayPal wallet
Payment Reminders
FAQs
How does PayPal Credit work?
PayPal Credit is a paperless, card-less credit limit that gives you more control over how you pay. PayPal will do a credit check and if you are approved, you could be eligible for one of our offers. Enabling you to spread your payments in easy-to-manage, monthly instalments over the period of 4 months at a reduced or even 0% interest rate. Get 0% Instalment Offers for 4 months when you checkout with PayPal Credit on purchases over £99.
What is an APR?
An APR (Annual Percentage Rate) is shown on products where you borrow money so that an easier and fairer comparison can be made. It’s the total cost of your credit product expressed as a percentage, spread over 24 months.
Does it take long to apply?
The application should take no more than 10 minutes to complete. PayPal will run a credit check and give you a decision in seconds. Once you’ve read and agreed to your Credit Agreement, you can complete your purchase right away.
How do I make payments?
You can make a single payment from your bank account, debit card or PayPal balance at any time, either online or by calling PayPal Customer Service. Alternatively you can set up monthly Direct Debit payments from a bank account you’ve linked to your PayPal account. To set up Direct Debit payments, log into your PayPal account and follow the instructions on the Make a Payment page.
Does PayPal Credit offer other benefits?
PayPal Credit gives you credit that you can use again and again. Other benefits include:
- Flexibility and control – choose to settle up immediately or spread the costs monthly.
- Promotional offers so you could receive reduced interest, or interest-free rates, on certain purchases.
- PayPal Credit is easily accessible from your PayPal account when you make an online purchase.
- An easy way to manage purchases: view purchases on your monthly statement or online.
Are there any fees associated with PayPal Credit?
If you’re late with a payment, PayPal will charge you a late payment fee of £12. You’ll be charged a return payment fee of £12 if you have insufficient funds to cover the payment. PayPal also charge a fee of £5 if you request a printed copy of a previous statement. For more information on how these fees apply, please refer to the Outline of Credit and your Credit Agreement.