Paypal Installment: Pay Later
![Paypal Pay Later Icon](https://i0.wp.com/bodywel.co.uk/wp-content/uploads/2023/05/paypal-pay-later-icon.png?fit=984%2C412&ssl=1)
PayPal offers short-term, interest-free payments and other special financing options that buyers can use to buy now and pay later, while merchants get paid up-front. Pay Later is included with the standard PayPal Checkout. However, specific Pay Later offers differ by country.
Pay Later in the UK includes the following:
- Pay in 3 – Eligible UK buyers can pay in three interest-free payments for purchases of £30 – £2,000.
- PayPal Credit – Eligible UK buyers receive a revolving line of credit that they can use to pay over time. PayPal Credit offers either 0% interest for 4 months on purchases over £99 or a merchant-specific Installment offers. For the 0% interest for 4 months offer, any remaining balance due after the promotional period or any transactions under £99 are charged interest at the standard variable rate. Terms and conditions apply.
Disclaimer: If you can't see the pay later button at checkout, it means that paypal has determined that you are not eligible for the time being.
How it works
![Paypal Installment 1](https://i0.wp.com/bodywel.co.uk/wp-content/uploads/2023/05/Paypal-Installment-1.png?fit=347%2C581&ssl=1)
A customer visits website and sees that they can buy now and pay later.
![Paypal Installment 2](https://i0.wp.com/bodywel.co.uk/wp-content/uploads/2023/05/Paypal-Installment-2.png?fit=337%2C581&ssl=1)
When Eligible customers check out with PayPal, they can choose Pay in 3.
![Paypal Installment 3](https://i0.wp.com/bodywel.co.uk/wp-content/uploads/2023/05/Paypal-Installment-3.png?fit=343%2C581&ssl=1)
Paypal handles it from there - the merchant gets paid up front and in full.