Paypal pay later how does it work

Your customer selects their best option Flexible Pay Later options help your customers make their purchases today. Customer gets clear payment information And there are no application fees for consumers and no additional costs for your business.

We do the rest Once the order is processed, you get paid up front. Seamless setup. Already have a PayPal Business Account? Get Started. Ready to join the PayPal network? Sign Up. Available on the following commerce platforms. For Large Enterprises. Learn More. For Commerce Platforms and Marketplaces. Turn browsers into buyers. Infographic Why pay later is a win-win. For purchases made with Pay in 4 on or before September 30, , late fees may apply for missed payments depending on your state of residency.

When applying, a soft credit check may be needed, but will not affect your credit score. You must be of legal age in your U. Offer availability depends on the merchant and also may not be available for certain recurring, subscription services.

Offers are not pre-approved offers or firm offers of credit. All screen images are for illustrative purposes only. Limits apply. See PayPal Purchase Protection terms and conditions. No, you do not need a credit card to use PayPal Pay in 4. You can link your debit card or bank account to your PayPal wallet. You can then make automatic instalment payments from your nominated card or bank account. PayPal Pay in 4 does not charge interest.

Your purchase is divided into four interest-free payments spread over six weeks. No, PayPal Pay in 4 does not charge late fees. It advises that if you know that you will not make a scheduled payment, contact PayPal in advance. It remains frozen until the balance is paid.

In more extreme cases where a balance remains unpaid for a long time, you may lose the ability to use other PayPal services. At the time of purchase, PayPal Pay in 4 charges you the first of four equal interest-free payments. The following three instalments are then automatically scheduled fortnightly over six weeks to be paid via your nominated method in your PayPal account.

You can learn more about how BNPL services protect and store your personal details by having a read of our Buy Now Pay Later safety and security article.

PayPal reserves the right to take action in accordance with the User Agreement. PayPal, Inc. Pay Later Offers US. Country or region. PayPal Credit, a revolving line of credit that buyers can use to pay over time, with two promotional offers of six months special financing and merchant-specific Easy Payments offers.

The Customer Experience Your customers can see Pay Later messaging throughout the checkout experience, from the home page, to product pages, to checkout. Customer visits your website and sees flexible banner messages with general Pay Later information.