Buy now, pay later with PayPal
Enjoy now. Pay later.
Buy what you love now, and pay later. Break up your payments over weeks or even months.
Flexibility that works for you
Pay over time with no late fees
Stretch your budget with the power of Pay in 41 or Pay Monthly.2
Smart options, widely available
Shop your favourite brands with the option to pay later.
No impact to your credit score
Apply for Pay in 4 without impacting your credit score.
Peace of mind is built i
Purchase and Fraud Protection on eligible purchases.3
How Pay Later works
Pay in 4
Split purchases between $30-$1500 into 4 interest-free, bi-weekly payments. No late fees.1
- For smaller purchase
- 4 payments over 6 weeks
- No late fees; interest-fre
Pay Monthly
Enjoy the flexibility of 6,12, or 24-month payment plans, $0 down, and no sign-up or late fees.2
- For larger purchases
- Monthly installments
- No late fees
| Pay in 41 | Pay Monthly2 | |
|---|---|---|
| Purchase Amount | $30 to $1500 | $199 to $10,000 |
| Number of payments | 4 interest-free payments | 6, 12, or 24 payments |
| Time between payments | Bi-weekly (1 down payment & 3 payments) | Monthly |
| APR | 0% | 9.99-35.99% |
| Repayment method | Debit card, credit card, or confirmed bank account PayPal Balance (not available for autopay) | Debit card or confirmed bank account PayPal Balance (not available for autopay) |
| Purchase Protection3 | Included | Included |
| Late fees | None | None* |
| Sign-up Fees | None | None |
| Autopay available | Automatically enrolled at time of purchase | Optionally enroll in autopay at time of purchase or any time after |
Buy now, pay later FAQs
Who accepts PayPal Pay in 4?
Pay in 4 is available to use at millions of online merchant sites where PayPal is accepted. Check out a list of some of the available brands here, search for your favorite brand, if available, save the deal, and create your own list. Transactions can be made in all currencies that PayPal supports, not just USD. For transactions not in USD, PayPal will automatically convert the transaction amount to USD at checkout before before you apply for Pay in 4.
Is a credit check required when applying for PayPal Pay Later offers?
When applying for PayPal Pay Later, a soft credit check may be needed, but will not affect your credit score. You must be 18 years old or older when applying for Pay in 4 or Pay Monthly
Does Pay in 4 or Pay Monthly charge interest and fees?
Pay in 4 is always interest-free, with no late fees or signup fees. With Pay Monthly, you may pay a fixed interest rate, which varies based on your credit, and you won’t pay any late fees or signup fees.
Can I pay off my Pay Monthly loan early?
Yes, you can view your Pay Monthly remaining balance in the PayPal app by clicking Pay Later. There you can make additional payments as desired or pay off the loan in full at any time and you won’t be charged a fee or penalty if you do so.
Why use buy now, pay later (BNPL)?
Buy now, pay later are excellent options if you want to make a large purchase more affordable by paying it off over time. Get what you want and break the payments up over weeks or even months.
1 Pay in 4 is available to consumers upon approval for purchases of $30 to $1500. Pay in 4 is currently not available to residents of MO or NV. Offer availability depends on the merchant and also may not be available for certain recurring, subscription services. When applying, a soft credit check may be needed, but will not affect your credit score. You must be 18 years old or older to apply. PayPal, Inc.: Loans to CA residents are made or arranged pursuant to a CA Financing Law License. GA Installment Lender Licensee, NMLS #910457. RI Small Loan Lender Licensee. NM residents: Find more disclosures related to Pay in 4.
2 Pay Monthly is subject to consumer credit approval. Fixed APR is 9.99-35.99%. Terms and rates vary based on purchase amount and your credit. For example, a $600 purchase can be paid at 22% APR in 6 monthly payments ($106.51/mo.; $39.08 interest; $639.08 total of payments) or 12 monthly payments ($56.16/mo.; $73.88 interest; $673.88 total of payments). A $2,500 purchase can be paid at 22% APR in 24 monthly payments ($129.70/mo; $612.69 interest; $3,112.69 total of payments). Payments may change based on shipping, taxes, updates to your purchase, or missed payments. Availability depends on the merchant and may not be available for subscriptions or recurring payments. Pay Monthly is currently not available to residents of AK, HI, or NV. You must be 18 years old or older to apply. Missed payments may have an impact on your credit score. The lender for Pay Monthly is WebBank. PayPal, Inc. (NMLS #910457): CT Small Loan Licensee. RI Loan Broker Licensee. VT Loan Solicitation Licensee. VT residents: THIS IS A LOAN SOLICITATION ONLY. PAYPAL, INC. IS NOT THE LENDER. INFORMATION RECEIVED WILL BE SHARED WITH ONE OR MORE THIRD PARTIES IN CONNECTION WITH YOUR LOAN INQUIRY. THE LENDER MAY NOT BE SUBJECT TO ALL VERMONT LENDING LAWS. THE LENDER MAY BE SUBJECT TO FEDERAL LENDING LAWS.
3 Available on eligible purchases. Limits apply. See PayPal Purchase Protection terms and conditions.
All screen images are for illustrative purposes only.
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