Paypal Installment: Pay Later

Paypal Pay Later Icon

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
    A customer visits website and sees that they can buy now and pay later.
    Paypal Installment 2
    When Eligible customers check out with PayPal, they can choose Pay in 3.
    Paypal Installment 3
    Paypal handles it from there - the merchant gets paid up front and in full.