Plan. Buy. Pay in 3.
PayPal’s buy now and pay in 3 gives you time and flexibility for your purchase. Manage your budget by breaking the interest-free payments up over 2 months and still earn rewards on purchases! For further information, please view PayPal’s Pay in 3 information via their website.
Flexible payments to suit your needs
- No late fees: 0% interest, no late fees and no setup fees!1
- Widely available: Buy now, pay later!
- Quick decision: No need to wait long to see if you are approved for this payment method.
- Backed by PayPal: Eligible purchases are covered by the same security and Buyer Protection you already enjoy from PayPal2.
What is PayPal Pay in 3?
PayPal’s Pay in 3 is an interest-free loan that lets you split your basket into 3 payments. The first is due at the time of purchase. Subsequent payments are due every month on the same date. This is great for spreading the cost of larger items so you can manage your budget more effectively.
| Pay in 31 |
|
| Purchase amount | £20.00-£3,000.00 |
| Number of payments | 3 interest-free payments |
| Time between payments | First payment is made at the point of eligible purchase with the next two payments made automatically on the same date over two months. |
| Repayment method | Debit card, or confirmed bank account |
| Buyer Protection2 | Included on eligible purchases |
| Sign-up and late fees | None |
FAQ
If you have any questions with answers not listed below, please view PayPal’s FAQs for Pay in 3 via their website. You can also view PayPal’s Pay in 3 Terms and Conditions via their website for further information.
Will I be able to use PayPal Pay in 3?
When you get to the checkout screen, select PayPal as your method of payment. After pressing “Complete Order”, you will be redirected to PayPal to complete a simple application process. A decision will be instant, but approval may vary based on the checks carried out by PayPal.
How do I make a payment?
Choose PayPal at checkout, then select Pay in 3. If approved, make your first payment today. You can make two more payments automatically on the same date each month.
How long does it take to apply for/receive PayPal Pay in 3?
The application form takes minutes to complete. If approved by PayPal, the decision will be instant, but approval may vary based on the checks carried out by PayPal.
How is my application for PayPal Pay in 3 assessed?
Decisions for PayPal Pay in 3 are automated. Your financial position is assessed using a combination of information you provided within your application and information about your usage and history with PayPal to decide whether Pay in 3 is suitable for you at this time. A “soft” credit check may also be performed with an external credit reference agency when you apply, if more information is needed to finalise the decision. This search will only be visible to you and will not affect your credit score.
Can PayPal Pay in 3 ever impact my credit score?
PayPal may perform “soft” credit checks if more information is needed to finalise the decision. A “soft” credit check is not visible to others, so it will not impact your credit file.
Some data on repayment history will be shared with TransUnion, but it does not impact your credit score. This data will be visible to other companies and may impact your ability to obtain credit from other lenders and the cost of accessing it. You can find out more information about PayPal’s Pay in 3 Terms and Conditions via their website.
How long will my PayPal Pay in 3 plan last?
A PayPal Pay in 3 plan lasts a total of 2 months. The first payment is due at the time of purchase. Subsequent payments are due each month after that.
What information do I need to apply for PayPal Pay in 3?
PayPal Pay in 3 will require:
- Your title
- Your phone number
- Your address
- Your date of birth
- Your payment details
Are there any fees associated with PayPal Pay in 3?
There are no fees for choosing to pay with PayPal Pay in 3.
1Pay in 3 is an unregulated credit agreement, so you will have fewer protections under this agreement than you would under a regulated credit agreement. Carefully consider whether the purchase is affordable and how you will make the repayments. Be aware of the possible impact of using Pay in 3 and of missing payments, including making other borrowing more difficult or more expensive. Pay in 3 eligibility is subject to status and approval. 18+ UK residents only. See product terms for more details. You can use Pay in 3 on purchases £20.00 – £3,000.00.
2Buyer Protection is available on eligible purchases only. Time limit and other terms apply. See the Buyer protection section of your local User Agreement for more information.