What is PayPal Credit?
PayPal Credit is a digital credit line attached to your PayPal account. It acts like a virtual credit card that you can use to complete online purchases.
Please note that PayPal Credit is a regulated revolving consumer credit product. Borrowing more than you can afford or failing to make repayments can cause serious financial difficulties, lead to arrears, and negatively impact your credit rating, making future borrowing harder or more expensive. 18+, UK residents only.
Instalments with PayPal Credit Offer - 0% Interest Promo
If your order is £199 or more, a selection of 6 and 12 months 0% instalment options will be available to you, enabling you to spread the cost of your purchase accordingly.
Important Repayment Notice: If you fail to make your minimum monthly repayments or do not clear the balance before your promotional period ends, your 0% offer may be removed and you will be charged interest at your standard variable rate across your remaining balance.
Representative Example:
- Purchase rate: 23.9% p.a. (variable)
- Representative: 23.9% APR (variable)
- Assumed Credit Limit: £1,200
Your actual interest rate and credit limit may vary depending on your individual circumstances. Subject to status. T&Cs apply. UK residents only.
With instalment offers from PayPal Credit you get:
- Regular monthly payments - you pay a structured amount each month to help you plan your budget.
- A credit limit linked with your PayPal account for flexible financing options across eligible purchases.
Is PayPal Credit Available To Everyone?
No, PayPal Credit is subject to status and approval. It is only available to customers over 18, with a good credit history, living in the United Kingdom (excluding the Channel Islands and the Isle of Man). Customers applying for PayPal Credit must be employed, have an income greater than £7,500 per year, and must not have recently been declared bankrupt.
How do I apply?
Applying for PayPal Credit is straightforward. Simply select the PayPal box on our checkout page and click the PayPal Credit option. Log into your existing PayPal account or create a new one, complete the short online application form, and if approved by PayPal and once you accept the Credit Agreement, you will have a credit limit linked to your account straight away.
Do I need to reapply if I already have PayPal Credit?
No. If you already have a PayPal Credit limit, you can take advantage of these instalment offers without having to reapply, provided you have sufficient available credit remaining on your account. Just select an available instalment choice at checkout.
Do I need to have a PayPal account?
Yes. However, if you don't have an account yet, you can quickly register a free profile as part of your PayPal Credit application setup step.
I do not see PayPal Credit as a payment option?
For PayPal Credit options to show at checkout, you must ensure that all items in your shopping basket are eligible for financing and that you have a minimum total basket spend of £199.
What do I do if I am unsuccessful in applying for PayPal Credit?
If you are declined for PayPal Credit, PayPal will send you an email with additional information regarding why your application was unsuccessful. You can still complete your checkout transaction using alternative payment methods.
What happens if I want to return the item I bought using my PayPal Credit?
Provided your purchase meets our standard store Return Policy criteria, return your item as normal. Once processed, the respective funds will be refunded directly to your PayPal Credit account balance.
More Information
For more details on terms and conditions, visit the official PayPal Credit FAQ page.
Finance provided by PayPal Credit. PayPal Credit is a trading name of PayPal UK Ltd. Registered Office: Whittaker House, Whittaker Avenue, Richmond-Upon-Thames, Surrey, TW9 1EH, United Kingdom. Terms and conditions apply. Credit subject to status, UK residents only.