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PayPal Credit

For UK customers, there’s now an easy way to treat yourself and get all the gadgets and technology you can dream of using PayPal Credit. It’s a quick, straightforward process allowing you to spread the cost of your purchases over monthly instalments for purchases over £99.

To check that you are eligable to apply for a PayPal Credit limit please make sure that you:

  • Are a UK resident aged 18 years or older
  • Have a good credit history and are not currently declared bankrupt
  • Have an income greater than £7,500 per year

Please Note: Meeting these criteria does not automatically guarantee acceptance. It simply means that PayPal will assess your application to join PayPal Credit.

Box Limited acts as a broker and offers finance from a restricted range of finance providers. PayPal Credit is a trading name of PayPal (Europe) S.à.r.l. et Cie, S.C.A., 22-24 Boulevard Royal L-2449, Luxembourg.

PayPal Credit FAQs

What Is PayPal Credit?

PayPal Credit is like a credit card, without the plastic. It’s a credit limit that sits alongside your PayPal account which you can use for your online purchases.

What credit offers are available?

A 0% interest offer you can use again and again: PayPal Credit’s 0% interest offer is better than just an introductory offer. Every time you spend £99 or more, you will automatically get 0% interest for 4 months on that purchase. *

Plus, you can spread the cost of purchases under £99 at the standard variable rate of interest, currently 19.9% p.a.

* The minimum payment due still applies to 0% offer balances. Any remaining balance due after the 4-month promotional period or any transactions under £99 will be charged interest at 19.9% p.a. (variable). In order to maintain the 0% offer, you need to keep up monthly repayments and stay within your credit limit.

How do I apply?

Applying for PayPal Credit is easy. Just click on the PayPal Credit button on our checkout page.

The application form takes minutes to complete. PayPal will then run a credit check and, if approved, you’ll have a credit limit linked to your PayPal account as soon as you accept your Credit Agreement.

You can use the credit limit granted to pay for today's purchase and future purchases at thousands of online stores where PayPal is accepted, up to your credit limit.

Do I need to reapply if I already have PayPal Credit?

If you already have PayPal Credit you do not need to reapply, just select PayPal Credit as your payment option at checkout.

Do I need to have a PayPal account?

Yes, however if you don’t have a PayPal account, you can create one as part of the PayPal Credit application.

What do I do if I am unsuccessful in applying for PayPal Credit?

If you have been declined for PayPal Credit, PayPal will send you more information about why your application was unsuccessful. You can still use PayPal to complete your purchase.

What happens if I want to return the item I bought using my PayPal Credit?

Just return your purchase as normal and the money will be refunded to your PayPal Credit account.

What is the cost of PayPal Credit outside of promotional offers?

The Representative Example below shows the typical costs of using a PayPal Credit limit, without using promotional offers:

Representative Example

  • Purchase rate 19.9% p.a. (variable)
  • Representative 19.9% APR (variable)
  • Assumed Credit Limit £1,200

For information on the following topics;

  • Instalment offers
  • Credit limits
  • Eligibility
  • Late payment fees
  • Annual Percentage Rates (APR)

Click into PayPal's help page.

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