What is PayPal Credit?
PayPal Credit is like a credit card without the plastic. And with 0% interest for 4 months on all purchases of £99.00 or more, it's the perfect way to spread the cost of larger online purchases.
What offers are available?
How does it work?
Representative Example:
The example above illustrates the typical cost of using PayPal Credit as a standard funding method. If you take advantage of our offers and promotions, including our 0% for 4 months offer, the interest rate that applies will be lower in many circumstances.
*The minimum payment due still applies to 0% offer balances. Any remaining balance due after the 4-month promotional period or any transactions under £99.00 will be charged interest at 23.9% p.a. (variable). In order to maintain the 0% offer, you need to keep up monthly repayments and stay within your credit limit. Credit subject to status. Terms and conditions apply. UK residents only.
You can choose to spread the cost for longer using instalment offers with PayPal Credit. All plans over 6, 12, 18 and 24 Months.
minimum spend £99
minimum spend £199
How to apply?
Applying for PayPal Credit is easy. Just click on the PayPal Credit button on our checkout page. The application form takes minutes to complete. PayPal will then run a credit check and, if approved, you'll have a credit limit linked to your PayPal account as soon as you accept your Credit Agreement. You can use the credit limit granted to pay for today's purchase and future purchases, up to your credit limit.
Before you apply, please make sure you:
- Are a UK resident aged 18 years or older
- Have a good credit history
- Have not recently been declared bankrupt
- Are employed or retired with an annual income over £10,000
FAQ
Do I need to reapply if I already have PayPal Credit?
If you already have PayPal Credit you do not need to reapply, just select PayPal Credit as your payment option at checkout.
Do I need to have a PayPal account?
Yes, however, if you don't have a PayPal account, you can create one as part of the PayPal Credit application. Signing up for a PayPal account is free and easy; all you need to do is provide your email address, create a password and accept PayPal's User Agreement.
What do I do if I am unsuccessful in applying for PayPal Credit?
If you have been declined for PayPal Credit, PayPal will send you more information about why your application was unsuccessful. You can still use PayPal to complete your purchase.
What happens if I want to return the item I bought using my PayPal Credit?
Just return your purchase as normal and the money will be refunded to your PayPal Credit account.
Further Guidance
Click here to see the full FAQ for PayPal Credit and view the Terms and Conditions.
PayPal Credit and PayPal Pay in 3 are trading names of PayPal UK Ltd, Whittaker House, Whittaker Avenue, Richmond-Upon-Thames, Surrey, United Kingdom, TW9 1EH. PayPal Credit: Terms and conditions apply. Credit subject to status, UK residents only, GAK.CO.UK LTD is an appointed representative of The Guitar Amp and Keyboard Centre LTD for the purpose of credit broking. GAK.CO.UK LTD is authorised and regulated by the Financial Conduct Authority with registration GAK.CO.UK LTD FCA registration number is 731400 and address 60 Gladstone Place, Brighton, East Sussex, United Kingdom, BN2 3QD. GAK.CO.UK LTD acts as a credit broker not a lender and offers finance from restricted range of finance providers. We do not receive any commission for introducing customers to PayPal Credit. PayPal Pay in 3: PayPal Pay in 3 is not regulated by the Financial Conduct Authority. Pay in 3 eligibility is subject to status and approval. 18+. UK residents only. Pay in 3 is a form of credit. Check if affordable and how you will repay. May make other borrowing more difficult or expensive. See product terms for more details.