Pay Monthly: This option allows you to split the cost of qualifying purchases between $199 – $10,000 USD into fixed monthly payments. You can choose terms ranging from 6 to 24 months when you check out online.
Interest: Pay Monthly is like an installment loan issued by PayPal’s bank partner, WebBank. The interest rate, called APR, is fixed and varies from 9.99% to 35.99% based on your creditworthiness. Sometimes, lower APRs might be available as special promotions, subject to eligibility and offer terms.
Availability: Pay Monthly may not be offered by all merchants or for all products. Eligibility can vary based on factors like your user status, location, the merchant you’re buying from, and more. Both new and existing PayPal customers can potentially use Pay Monthly, but it’s important to check your eligibility for specific transactions.
Learn more on PayPal’s official page.
Explore the convenience and flexibility of PayPal payment options with Pay Monthly. Learn more on PayPal’s official page.