What Is PayPal Credit?
It’s very simple to use and even simpler to apply for.
Who Accepts PayPal Credit Online?
What is the Annual Percentage Rate or APR for PayPal Credit?
The variable APR for purchases and cash advances using your PayPal Credit account is 25.99% as of 9/1/2019.
This APR varies with the market based on the Prime Rate, defined in the credit card agreement.
The minimum amount of interest charged is $2.00.
How Does PayPal Credit Work With PayPal?
If you already use PayPal, PayPal Credit works as another payment option when you check out.
Don’t have a PayPal Credit account at this step?
you could apply during any transaction in a few seconds.
If you don’t have a PayPal account, you’re asked to create one.
If you have an account, go ahead and access.
Have this handy before you continue.
After you create an account, you have the option to use PayPal Credit.
Select this option, then follow the instructions by providing your Social Security number and date of birth.
You’ll receive your approval in seconds.
How to Apply for PayPal Credit Using Your Account
Already have a PayPal account?
Don’t want to wait until you’re ready to make a purchase?
you’re able to apply for PayPal Credit at anytime using their online approval process.
Don’t have a PayPal account?
Go to the website, quickly sign-up for one, then proceed with the PayPal Credit app.
SelectApply now and pay over time with PayPal Credit.
Confirm your billing address on the next screen.
If it’s up-to-date, selectContinue.
If it needs updating, selectUpdate.
Enter the new billing address, then selectContinue.
Once these are entered, selectAgree and Review Terms.
Once your program is finished and submitted, you should receive an answer instantly.
Just visit a retailer that accepts PayPal, fill up your cart, and proceed to checkout.
Choose your PayPal account as the payment option for your purchase.
When the PayPal window appears, check that you selectPayPal Credit, then selectContinueto move on.
Once complete, PayPal allows you to review your order one last time.
If everything looks good, submit your order.
Want to see the status of your order?
it’s possible for you to log into your PayPal account to view your PayPal Credit order history.
you’re able to either pay in full each month or pay over time with minimum payments.
you could also mail your payment in or use the pay-by-phone service through PayPal.
On the left side of the page, selectMake a Paymentunder your PayPal Credit.
Choose your amount, your payment method, and the date you want your payment sent.
SelectContinue, then review your payment details.
Once everything looks good, selectPayto make your payment.
double-check your credit/debit card information is correct.
If you’re paying using your PayPal balance, double-check that’s selected.
We have an answer.
Is PayPal Credit an Actual Credit Card?
Although it’s a line of credit, you won’t receive a physical credit card.
Instead, it’s a virtual line of credit using PayPal.
Is It Safe?
PayPal is one of the safest payment methods online, meaning PayPal Credit carries that same safety.
How Do I Receive My Bill?
PayPal sends you monthly statements online, both via email and through physical mail.
What Fees Are Associated with the Service?
PayPal Credit doesn’t charge an app fee or annual fee for the service.
There’s also no penalty rate.
