Most PayPal Credit and Our Offers

PayPal Credit is similar a credit card, without the plastic. It'southward a credit limit that's attached to your PayPal account which you can employ for your online purchases.

If your application is successful, PayPal Credit will be available every bit a funding source within your PayPal wallet and can be used for purchases in most places where PayPal is accepted. Yous can make purchases in the same way every bit you would with a normal credit card, by choosing PayPal Credit every bit your funding source at checkout.

PayPal Credit will provide you lot with a monthly statement showing your transactions and detailing the minimum repayment corporeality. Repayments can be made by monthly directly debit, direct from your PayPal account or by speaking to our customer service agents. For further information on how you can pay your PayPal Credit balance, see the 'Brand a Payment' section below.

For purchases less than £99.00, interest is charged at our standard rate of 21.9% p.a. (variable) if the full amount is non paid off past the date shown on your statement.

In addition, PayPal Credit lets you access two types of promotional offers:

  • 0% for 4 months on all purchases of £99.00 and over; and
  • instalment offers with selected merchants.

    • If you employ any of these promotional offers, they volition too be detailed on your monthly statement, also every bit in the PayPal Credit section of your PayPal account.

    Your monthly minimum repayment volition be shown in each statement and in the PayPal Credit section of your PayPal account. Any offers y'all have are also detailed in these locations.
    Your minimum repayment corporeality is calculated based on your purchases, and volition include:

  • any instalment offer payments due for that month;

  • the full rest if less than £5.00, or the higher of £5.00 or 2% of the outstanding residuum (which excludes any instalment offer balances, simply includes any 0% for 4-calendar month offer balances); and

  • any interest, charges, and arrears.

    • If y'all fail to brand minimum repayments on fourth dimension or in certain other circumstances, PayPal may remove your offer. Please see your Credit Understanding for more than details.

    Here's an example of how your minimum repayment is calculated:

    Assuming you had the following transactions on your account:
    Instalment offer Standard residue 0% for 4 month balance
    £600.00 at 0% interest, spread over vi months £300.00 £100.00
    The minimum repayment for each component would exist calculated as follows:
    £100.00 2% of £300.00 = £six.00 2% of £100.00 = £2.00
    Your minimum repayment would be £100.00 + £6.00 + £2.00 = £108.00

    0% interest for 4 months is bachelor on single transactions of £99.00 or more. This ways when you spend more than £99.00 in one shopping handbasket, you'll do good from the offer and won't be charged any interest on that transaction for 4 months after purchase. This applies automatically to whatsoever buy fabricated using PayPal Credit in excess of this value, except those to which some other promotional offer (such equally an instalment offering) applies. You tin can use this offering as many times every bit yous like every bit long as y'all have an available credit limit.

    While no interest is charged, any balance subject area to a 0% for four months offer will be included in the calculation of your minimum repayment amount.

    Any remaining balance due after the iv-month promotional menstruum will be charged at 21.9% p.a. (variable). If you fail to brand minimum repayments on time or in certain other circumstances, PayPal may remove your offer. Please see the Credit Agreement for more than details.

    With selected merchants, when y'all bank check out with PayPal Credit, y'all'll exist shown a choice of instalment offers which enable you to spread the toll of your purchase across a number of repayments. These instalment offers vary by merchant and allow you to choose a set up monthly repayment over a menstruation from half-dozen to 48 months to help spread the cost of larger purchases in a more manageable way.

    Instalment offers volition always have an interest rate lower than the standard variable rate, and many merchants offer 0% instalments with PayPal Credit. If you already accept PayPal Credit, y'all tin can take advantage of these offers without having to reapply every bit long as you accept enough available credit limit.

    Information technology is important that you recollect near whether you can afford the monthly repayment agreed for whatsoever instalment offering. This volition be added to your monthly minimum repayment corporeality and will need to be paid each calendar month.

    If y'all fail to make repayments or in certain other circumstances, PayPal may remove your offer and any outstanding amount will exist charged at 21.9% p.a. (variable). Please see the Credit Understanding for more than details.

    You can have multiple promotional offers on your business relationship, up to your agreed credit limit and without needing to reapply. This means you lot tin can combine standard purchases with the two types of promotional offer available to help spread the cost and manage your budget.

    Assuming you're up to engagement with your repayments from previous billing periods, repayments on your account are allocated in the following club:

  • Outset, the repayment volition be applied confronting any monthly payment due on an instalment offer.
  • Second, any corporeality remaining will be practical towards purchases that are bailiwick to the standard variable rate of 21.nine%.
  • Third, any amounts remaining after this volition exist practical towards purchases with an instalment offer or 0% for 4 months offer on your account.

    • Repayments are allocated in club, starting with the purchase subject to the highest interest charge per unit and ending with the purchase subject field to the lowest interest rate. This reduces the overall amount of involvement yous would otherwise pay. In the consequence that ii promotional offers accept the same interest rate (for instance, two 0% for 4-month purchases) these are repaid based on the expiry date, with the soonest to expire existence repaid starting time.

    Here'south an example of how we allocate your repayments:

    Bold yous had the following transactions on your account:
    Instalment offer Standard balance 0% for iv month balance
    £600.00 at 0% interest, spread over 6 months £300.00 £100.00
    The minimum repayment for each component would be calculated as follows:
    £100.00 2% of £300.00 = £6.00 2% of £100.00 = £2.00
    Your minimum repayment would be £100.00 + £6.00 + £ii.00 = £108.00
    Bold you repaid £110.00. This would be allocated as follows:
    £100.00 towards your instalment offer amount due £ten.00 towards your standard rest equally this accrues involvement at 21.ix% p.a. £0.00 towards your 0% for iv months balance
    This means that you will keep your instalment offer on rail, but otherwise allocates your repayments in a way that minimises the interest you will pay.

    We've set upward our repayments to human action in your best interests. They are designed to go on your instalment offers on track, and to minimise the amount of involvement you'll pay on the remainder of your purchases.

    If you're experiencing any particular difficulties, please contact united states and allow us try to help. For farther information, please meet our 'What if I can't pay?' FAQ below.

    Getting Started

    Applying for PayPal Credit is easy. Simply consummate our brusk awarding form here and, if approved and once you accept the Credit Understanding, you lot'll have a credit limit linked to your PayPal account well-nigh direct abroad.
    Before you apply, please make sure yous:

    • Are a United kingdom resident anile 18 years or older
    • Accept a good credit history
    • Have not recently been alleged bankrupt
    • Are employed and take an income greater than £7,500 per year

    The start stage of the PayPal Credit application process volition ask you to sign into your PayPal account or offering you the opportunity to sign upward for one. Once you've signed up for a PayPal business relationship, you can brainstorm the application for PayPal Credit. Click here to utilize.Click hither to apply Signing upward for a PayPal account is free and easy; all you need to practise is provide your e-mail address, create a password and accept our User Agreement.

    The application grade takes minutes to complete. We'll then run a credit cheque and if canonical, you lot'll have a credit limit linked to your PayPal account one time you've accepted your credit understanding. This approving process will just have a few seconds and then you're ready to become. There can be a fourth dimension lag betwixt approval and when yous can view your PayPal Credit account online only this should update within a few days.

    You lot can contact PayPal Customer Services to change your concern account to a personal account to apply for PayPal Credit. Alternatively, you can create a new personal account to employ.

    To determine the size of your credit line we use the information yous provide in the application form along with internal PayPal information and an external credit cheque.

    Brand a Payment

    You tin can set up monthly straight debit payments, provided you have a banking concern business relationship linked to your PayPal account.

    • Log into your PayPal account and select PayPal Credit
    • Select "Set upward a directly debit payment"
    • Choose how much y'all want to pay each month and from which banking concern business relationship.

    Not added a new banking company account to your PayPal business relationship?

    To add a new banking concern account to your PayPal business relationship:

    • Log in to your account
    • Select "wallet"
    • Choose "add a bank account".
    • Once a banking concern is added, yous can make payments directly to your PayPal Credit account or set up a straight debit.

    direct debit slide-1 direct debit slide-2 direct debit slide-3 direct debit slide-4 direct debit slide-5

    There are 4 different options bachelor when you cull to set up Direct Debits. You tin cull to pay:

    • the minimum corporeality due
    • the last statement balance
    • whatever "other corporeality" in betwixt each month.
    • If I make changes to my direct debit how long will information technology take to implement?
      If you brand changes to your direct debit information technology can take up to a month to implement which means you may demand to add a manual payment in calendar month to ensure y'all are covered and the directly debit changes will be implemented the following calendar month.

    If you choose to pay the minimum corporeality due or the terminal statement residuum, you lot will need to set up the Straight Debit at least iv working days before your due appointment for the Directly Debit to commencement on that due engagement. If you set up information technology up any later than this, the Direct Debit may not start until the side by side calendar month. We will tell you when y'all're setting up the Direct Debit exactly when it will accept effect from and if you need to make an interim payment.

    If you choose to pay whatever "other amount", information technology is important to annotation that the Direct Debit volition not start on your next due engagement. It is probable to beginning the following month. Please be certain to make a single payment the calendar month y'all set information technology up to avoid missing whatsoever payment due. We will tell you when yous're setting up the Straight Debit exactly when information technology will take result from.

    We will automatically send you monthly reminders to notify you of when your payment is due. We'll ask you to make your first payment effectually 35 days from when your PayPal Credit account was opened.

    We will automatically send y'all monthly email reminders 5-15 days in advance of your payment due date. In society to receive these reminders, ensure the correct email address is linked to your PayPal account.

    Payments will reflect on your PayPal Credit business relationship the same twenty-four hour period you make them, however, volition show as pending. It can take upwards to 5 working days for the funds to go out your banking company account and exist applied to your PayPal Credit business relationship.

    If you're finding information technology difficult to brand a payment, Please call our PayPal Credit customer service squad on 0800 368 7155 and we will exercise our best to aid yous. The organisations below should also be able to reply your questions and suggest suitable courses of action:

    Citizens Advice:

    • England and Wales world wide web.citizensadvice.org.uk
    • Northern Ireland (Communication NI) world wide web.adviceni.cyberspace
    • Scotland (Citizens Advice Scotland) www.cas.org.uk

    Alternatively:

    • Payplan: call 0800 917 7823 or visit world wide web.payplan.com
    • StepChange Debt Charity: call 0800 138 1111 or visit www.stepchange.org
    • National Debtline: call 0808 808 4000 or visit www.nationaldebtline.co.uk

    You lot can find this out by logging into your PayPal account on a desktop computer and by clicking on the summary page. You tin can also view when to brand a payment via the app. Click on PayPal Credit and the 'Make a Payment' button.

    Manage your account

    You can continue runway of your PayPal Credit activity and history by logging in to your PayPal business relationship and selecting PayPal Credit.

    manage account slide-1 manage account slide-2

    • Login to your PayPal account on your desktop and select PayPal Credit
    • Select "Run into statements"
    • You can view all statements online equally well every bit download them as PDFs

    Nosotros volition electronic mail you monthly to let yous know when your latest statement is set to view.

    find statement slide-1 find statement slide-2 find statement slide-3

    • Login to your PayPal account
    • Select the "Settings" icon
    • Update your contact details

    contact details slide-1 contact details slide-2

    Earlier you close your account, you need to ensure that your balance has been paid off in full.

    To shut your business relationship, you can call our PayPal Credit customer service squad on 0800 368 7155.

    Using PayPal Credit

    PayPal Credit is available to use at thousands of stores online where PayPal is accustomed. Transactions can be made in all currencies that PayPal supports, non only GBP.

    We as well offer instalment offers at select merchants.

    • At checkout, choose to pay with PayPal
    • Simply modify the payment source to PayPal Credit
    • Confirm and Pay

    On those merchants where instalment offers are available, remember to scout for PayPal Credit at checkout to come across the offers available to you.

    If you have the PayPal App, we'll notify you every time you use PayPal to pay, including PayPal Credit transactions. If yous don't accept the App, you can download information technology here

    There are some business categories where PayPal Credit cannot be used as a payment pick, so it won't be offered to you as a payment choice during checkout.

    Excluded categories include merchants selling adult content, stored value cards, and gambling.

    Currently, your PayPal Credit limit cannot exist used to send money to friends and family or to deposit funds into your bank account.

    Currently, your PayPal Credit limit cannot be used for a greenbacks advance.

    PayPal Credit volition not be available equally a funding source to pay an invoice or money asking sent via PayPal.

    Yes. You're non liable for unauthorised purchases fabricated from your PayPal Credit account. PayPal Heir-apparent Protection also applies to purchases funded with PayPal Credit. If this happens, yous should immediately report it to united states then we can investigate and resolve it for you. You can report an unauthorised transaction through the Resolution Centre of your PayPal account. This is independent of any other statutory rights y'all may have.

    Here'southward how to report an unauthorised transaction:

    • Log in to your PayPal account.
    • Under 'More about your account', click Resolve a problem in our Resolution Center.
    • Click Dispute a transaction
    • Select the detail you wish to dispute, Click "Continue", and follow the residual of the instructions provided to submit your dispute.

    You can admission the PayPal Credit hub through your Business account.

    • Log in
    • Select "PayPal Credit"

    Fees

    Late Payments
    If you're late with a payment, PayPal may charge you a late payment fee of £12.00.

    Returned Payments
    Y'all may exist charged a return payment fee of £12.00 if you lot have insufficient funds to encompass the payment.

    Statements (Newspaper Re-create)
    We too charge a fee of £v.00 if you asking that we send you a printed copy of a previous statement. All statements are available to download or view online within the PayPal Credit section of your PayPal account.

    For more information on how these fees apply, please refer to the Outline of Credit, the Standard European Consumer Credit Data document or the Credit Understanding.

    No. There is no almanac fee for a PayPal Credit business relationship.

    Persistent debt

    Persistent debt is divers equally any customer who pays more in interest, fees and charges than they repay of the corporeality they borrowed (known as "principal") in a rolling 18-month period (with a residual greater than £200.00 GBP during that time). We will notify you if you consistently fall into this category at 18, 27, and 36 months.

    As a responsible lender, PayPal monitors the repayments of our customers. We look for signs of potential difficulty and try to recognise where improvements can exist made. In this instance we've identified that if you increased your repayments yous would repay your debt more than rapidly and reduce your involvement costs.

    PayPal Credit offers a few different ways for you to make payments.

    Yous might consider setting upwardly a Straight Debit, which is an like shooting fish in a barrel mode to pay the corporeality yous choose automatically rather than having to brand them manually yourself each month. To set a Directly Debit or change your existing Direct Debit, log in to your PayPal business relationship.

    Alternatively, y'all can make or schedule an boosted payment in your account by post-obit the link to a higher place and clicking the "Make a Payment" button. You lot can also make a payment by calling 0800 368 7155.

    If you don't think you lot'll be able to increase your payments because of other financial commitments, you can call us on 0800 368 7155. We'd like to help talk you through the options that may be available to y'all. We're open 8.00am to 6.30pm Monday to Lord's day.

    Cantankerous Currency

    PayPal Credit can now be used to purchase items in all currencies PayPal supports. PayPal will convert all transactions into UK Pound Sterling in advance of applying them to the Credit Account. Transactions will be displayed in your local currency when they testify on your PayPal Credit argument.

    If a currency conversion is needed for your payment, it will be completed at the transaction substitution rate we prepare for the relevant currency exchange. When you select PayPal Credit as your payment method you volition see the commutation rate displayed at checkout. For further information on how we convert currency, see the user agreement.

    If yous qualify for a promotional offer, either our instalment offers or our 0% for 4 months offer, this will exist applied regardless of which currency you transact in.

    (Occasionally, commutation rates may fluctuate and impact whether a non-GBP transaction qualifies for a promotional offer. If you believe you should have qualified for a promotion – please telephone call our Customer Services.)

    Yeah. If an eligible item that you've bought online doesn't get in or is significantly not as described in the seller's description, you lot can make a claim nether PayPal Buyer Protection. Buyer Protection covers all your eligible PayPal purchases including those paid with PayPal Credit.

    Y'all can return the goods to receive the refund, if eligible, direct to your PayPal Credit account. The refund volition be displayed in the amount you paid in GBP.

    At checkout, you lot will be shown the transaction value in the original currency that appears on the merchant's website every bit well as the converted transaction value in GBP.

    Your PayPal Credit argument will show the transaction in GBP merely. No exchange rate information will be shown. You can withal view the exchange rate information in your customer dashboard online as well as viewing your action on your PayPal account statement.

    Credit Limit Increases

    We review your credit limit monthly and may invite you to increase your limit once yous've been a PayPal Credit customer for at to the lowest degree 3 months. You can always asking a credit limit decrease or opt out of receiving offers to increment your credit limit.

    No. Unfortunately, yous cannot request a credit limit increase. Credit limit increases volition be offered to you when you become eligible.

    To exist eligible for a credit limit increase you must:

    • Have been a PayPal Credit customer for at least 6 months
    • Take not been in deficit in the terminal 6 months
    • Take transacted with PayPal Credit in the last 6 months.

    Log in to your PayPal account and follow the 'manage preferences' prompts. You tin can also find the 'Manage preferences' link in the PayPal Credit tile on your Summary page, as shown below:

    limit preferences slide-1

    limit preferences slide-2

    Y'all can change your limit back to its original limit at any time by calling PayPal Credit Customer Service on 0800 368 7155.

    No, your new preferences will apply to all time to come offers only.

    There are 3 options for credit limit increases:

    • Automatically accept all credit limit increases. This means whatever futurity credit limit increase that is offered will be applied automatically to your account.
    • Manually accept or decline each credit limit increase. This means that when an offer becomes available to you, you will need to log in to your account and accept or decline the offer yourself.
    • Plough off credit limit increases. This means you volition not exist offered a credit limit increase even when you lot become eligible.

    Yeah, when you lot are offered a credit limit increment you can choose to apply information technology to your account direct away or at whatever fourth dimension earlier the offer expires.

    No, once an offer has expired you'll need to look until your side by side offering. We review your credit limit monthly and will continue to offering you a credit limit increase as long as you meet our eligibility criteria.

    Credit Limit Decreases

    Equally responsible lenders we constantly monitor exposure and utilisation of customers' limits. Following a reassessment of customer credit limits, we have decided to reduce your limit to a more than advisable level. Unfortunately, there is not an option to continue your existing limit and PayPal has the right to reduce your limit at any stage every bit referenced in section i.vi of your PayPal Credit understanding.

    Unfortunately we are unable to change the limit reduction amount.

    No, unfortunately not, your limit decrease will take event on the date specified in your email advice.

    No. As a responsible lender we regularly get updates from credit reference agencies on your account. These updates forth with a change in limit do non appear on your credit file.

    Other FAQ'due south

    We'll email you with more information about why your application for PayPal Credit was unsuccessful. If you apply during check out and get declined for PayPal Credit, you tin still use PayPal to check out securely with your debit or credit bill of fare.
    If you lot want to re-utilise, you will be able to 35 days afterward your last awarding.

    A Representative APR (Annual Per centum Charge per unit) is shown on products where y'all borrow money so that an easier and fairer comparison can be made. Information technology's the typical full price of a credit product expressed as a percentage, spread over 12 months.

    The Representative Annual Percentage Charge per unit for a PayPal Credit business relationship is 21.nine% (variable) per annum. This is as well the standard rate of interest that will apply to your purchases.

    Sometimes we'll run promotional offers with a lower charge per unit of involvement (such every bit 0% interest per annum for 4 months). Your standard charge per unit of involvement will non apply to transactions charged at a lower interest charge per unit during the promotional offering period. See your Credit Understanding for more than details.

    Nosotros may offer to increase your standard interest charge per unit by giving you at to the lowest degree thirty days' discover. For more than information on when nosotros would do this please see your Credit Understanding.

    Nosotros are required to deport out creditworthiness and affordability checks to determine if PayPal Credit is right for you. As part of this process, we review information held on you by credit reference agencies and other relevant information prior to approving you lot for PayPal Credit.

    You may withdraw from your PayPal Credit account by calling u.s.a. within 14 days of entering into the Credit Understanding. Y'all may shut your PayPal Credit account at any time, but must repay whatsoever outstanding balance.

    PayPal Credit can be used to purchase items in all currencies that PayPal supports.

    The offset option is to contact the merchant and see if they tin cancel the gild. If information technology'southward too late for the merchant to do and then, then yous tin can return the appurtenances to receive the refund direct to your PayPal Credit account.

    Yes. If an eligible item that yous've bought online doesn't go far or doesn't match the seller'south description, PayPal Buyer Protection will reimburse you. Buyer Protection covers all your PayPal purchases including those paid with PayPal Credit.

    For total data on eligibility, see our User Agreement.

    Pay Afterward Commitment is a payment method that nosotros're offer to selected customers, where you don't pay for your item until after you've received it.

    We pay the seller immediately, then they tin can send you lot the particular directly away, but we look for 14 days before nosotros debit the money from your bank account. This gives yous time to receive and view your item before you pay. If the item doesn't arrive or isn't what you expected, yous've 180 days from the transaction engagement to report a trouble as usual. Our Heir-apparent Protection can cover y'all for eligible items.

    Contact U.s.a.

    For more information, yous can phone call PayPal Client Service on 0800 368 7155.

    Hours of service:
    Mon to Sunday 8am to 6.30pm (GMT)

    If you're calling from outside the UK, call 0044 800 368 7155
    Fax: 020 8080 6518

    Alternatively, if you're an existing client you can utilise our secure message centre for all account related enquiries by logging into your PayPal Account.

    Representative Case:

    Representative

    21.9% APR (variable)

    Buy interest rate

    21.nine% p.a. (variable)

    Assumed Credit limit

    £1,200.00

    * The minimum payment due still applies to 0% offering balances. Any remaining residual due after the 4-month promotional catamenia or any transactions under £99.00 will be charged interest at 21.9% p.a. (variable). In guild to maintain the 0% offer, y'all demand to continue up monthly repayments and stay inside your credit limit. Credit field of study to status. Terms and conditions use. UK residents only. PayPal Credit is trading proper noun of PayPal (Europe) S.à r.l. et Cie, S.C.A. Société en Commandite par Deportment Registered Office: 22-24 Boulevard Royal L-2449, Luxembourg RCS Luxembourg B 118 349. Accounted authorised and regulated past the Financial Bear Authority. The nature and extent of consumer protections may differ from those for firms based in the Great britain. Details of the Temporary Permissions Regime, which allows EEA-based firms to operate in the Britain for a express menstruation while seeking full authorisation, are bachelor on the Financial Deport Say-so'southward website.