If there’s a problem with the item you ordered (or you don’t receive it), you can let PayPal know within 60 days and it may refund your purchase price and shipping costs. PayPal offers purchase protection on eligible transactions that you make with PayPal Pay in 4. Finally, you must pass PayPal’s soft credit check or your application for Pay in 4 could be denied. You also must be at least 18 years old and live in an eligible state. To be eligible for PayPal Pay in 4, you must purchase an eligible item that costs between $30 and $1,500 from a participating online merchant that accepts PayPal. That said, you could rack up fees from your bank if you overdraw on your account or interest from your credit card company if you don’t pay off your charges within the month. There are also no penalties for paying off the purchase early. While this service is a point-of-sale installment loan, it does not charge interest, origination fees or late fees. There are no costs associated with PayPal Pay in 4. If you’re approved, you’ll need to sign a loan agreement that outlines the details of this point-of-sale service.
PayPal will run a soft credit check at the time, but this won’t impact your credit score. You can select PayPal Pay in 4 at checkout and receive an instant decision about your approval. You must hold a PayPal account and link up an accepted payment method, such as a bank account, credit card or debit card. Note that PayPal Pay in 4 is only available on certain goods at select merchants where PayPal is accepted. PayPal Pay in 4 does not charge any interest, origination fees, late fees or other fees. You’d pay $100 at checkout, and then three additional payments of $100 in two-week intervals. You’ll make the first payment upfront and pay the remaining ones every two weeks for a total repayment period of six weeks.įor example, let’s say you were buying an item for $400. on the page where the customer can choose the payment method.PayPal Pay in 4 lets you split up payments on your purchases at eligible online retailers into four equal payments.non the shopping cart page, in the box reporting the order summary.Activate the Show installment payment option option so to show a note reporting the possibility of paying in installment everywhere on the store where the prices and the other active payment methods are displayed.In the Payment type List section, select the option you use for PayPal Commerce Platform.Go to Step 1 - Website Settings > E-Commerce > Order Management.You just have to make sure that the installment payment option is visible on your online store:
#Paypal pay later uk how to#
If the Buy Now Pay Later service is available in your country and PayPal Commerce Platform is active on your store (see: How to activate and use the PayPal Commerce Platform payment method), you don't have much to do to offer your customers the possibility to pay in installments. Your customers will be able to pay in 3 or 4 times (according to their country) with no interests, nor additional costs. When the order is placed, you as store manager get the whole amount right away, while PayPal will take care of managing the installments. With the PayPal Buy Now Pay Later service you can offer your customers the possibility to safely pay in installments. Modified on: Fri, 16 Dec, 2022 at 2:28 PM How to set up the installment payment with the PayPal Buy Now Pay Later service
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