What is PayPal Pay in 3? (2024)

What is PayPal Pay in 3? (1)

PayPal Pay in 3 is a feature that lets you split your purchase into 3 payments, with the 1st payment due at the time of purchase and 2 subsequent payments made every month on the same date.

Will I be able to use PayPal Pay in 3?

We’re offering PayPal Pay in 3 to a growing number of our UK customers. PayPal Pay in 3 is not available for certain merchants and goods. We may also decide not to offer PayPal Pay in 3 as an option based on our internal checks. If you choose PayPal Pay in 3 as your payment method when you check out with PayPal, you’ll be taken through the application process. You will get a decision instantly, but not everyone will be approved based on our internal checks.

How can I pay with PayPal Pay in 3?

Just choose to pay with PayPal when you shop online and if it is an eligible transaction, you will see PayPal Pay in 3 as one of the available payment methods. Simply apply for a PayPal Pay in 3 plan in just a few steps, get an instant decision, and finish checking out.

What purchase amounts qualify for PayPal Pay in 3?

PayPal Pay in 3 is available on eligible shopping cart values between £30 and £2,000.

What are the terms and conditions for my PayPal Pay in 3 plan?

You’ll see the link to the terms and conditions when you choose to apply for PayPal Pay in 3 at checkout, and you must read them before you submit your application. You will also have the option to download the terms and conditions. Once your plan starts we will send you an email containing important information about your PayPal Pay in 3 plan, including how to locate your terms and conditions.

Are there any fees associated with PayPal Pay in 3?

There are no sign- up fees for choosing to pay with PayPal Pay in 3 and no late fees. However, if you miss a repayment this may impact your ability to access other sources of credit or use Pay in 3 in the future.

How long will my PayPal Pay in 3 plan last?

Your plan will last 2 months in total. The first payment will be due at the time of purchase, followed by 2 further payments due each month after that.

Where can I pay with PayPal Pay in 3?

PayPal Pay in 3 is available to use at selected merchants where PayPal is accepted. Transactions can be made in all currencies that PayPal supports, not just GBP. For transactions not in GBP, PayPal will automatically convert the transaction amount to GBP at checkout before providing you with your PayPal Pay in 3 plan. Currency conversion charges will apply as set out in your PayPal User Agreement.

What is PayPal Pay in 3? (2024)

FAQs

How does PayPal Pay in 3 work? ›

PayPal Pay in 3 is an interest-free loan that lets you split your basket into 3 payments, with the first due at time of purchase and subsequent payments due every month on the same date.

Why is PayPal not letting me pay in 3? ›

Pay in 3 is not available for certain merchants and goods. We may also decide not to offer Pay in 3 as a payment option in certain circ*mstances, such as where data we hold suggests you may not be eligible or where our checks suggest an increased risk of fraud.

Is PayPal Pay in 3 bad for credit score? ›

No. Applying for Pay in 3 will not impact your credit score. A “soft” credit check may be needed, but it will not affect your credit score. However, we do share some data on your repayment history with Transunion.

What happens if PayPal pay in 3 fails? ›

If you didn't successfully make a purchase using PayPal Pay in 3, PayPal will automatically void the pending authorisation within 24 hours of placing the pre-authorisation hold. Funds will not be taken from your card if the transaction was not completed.

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