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PayPal Pay in 3

What exactly is PayPal Pay in 3?

PayPal Pay in 3 is an interest-free loan that allows you to spread your purchase across 3 payments. The first payment is due at the time of purchase and 2 subsequent payments made every month on the same date. Please note that Pay in 3 is a form of credit, please carefully consider if you can afford the repayments and potential impact to your credit score.

Will I be able to use PayPal Pay in 3?

You will be taken through the application process and will get a decision instantly if you choose PayPal Pay in 3 as your payment method at checkout. Customers in the United States, Germany, France, Italy, Spain and Australia may be offered a local version of Pay Later. Please note that not everyone will be approved based on internal checks.

In certain circumstances, you may not be offered PayPal Pay in 3 if checks suggest an increased risk of fraud or where data that PayPal holds may suggest you aren’t eligible.

What information do I need to apply for PayPal Pay in 3?

To apply for PayPal Pay in 3, you’ll need to provide your:

  • Title
  • Phone number
  • Address
  • Date of birth
  • Payment details

How is my application for PayPal Pay in 3 assessed?

The decision making process is automated. We assess your financial position using a combination of the information you provided within your application, and information about your usage and history with PayPal to decide whether PayPal Pay in 3 is suitable for you at this time.

Will applying for PayPal Pay in 3 affect my credit file?

Not at the moment. PayPal reports the ongoing performance of their Pay in 3 customers to their credit reference agencies, as they believe this promotes responsible lending. However, the UK's main credit reference agencies are currently unable to fully consume BNPL data. PayPal are working closely with the industry to address this matter.

Currently, Pay in 3 does not impact your credit score although using Pay in 3 may impact your ability to obtain credit and the cost of accessing it. More information is available in PayPal Pay in 3 Terms & Conditions and on their website.