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Introducing PayPal Pay in 3
PayPal Pay in 3 is an interest-free loan that lets you split your basket of £30 - £2,000 into 3 equal instalments
Pay in 3 is an unregulated credit agreement, so you will have fewer protections under this agreement than you would under a regulated credit agreement. Carefully consider whether the purchase is affordable and how you will make the repayments. Be aware of the possible impact of using Pay in 3 and of missing payments, including making other borrowing more difficult or more expensive. Pay in 3 eligibility is subject to status and approval. 18+ UK residents only.
Frequently Asked Questions
Who is PayPal Pay in 3?
PayPal Pay in 3 is a trading name of PayPal UK Ltd Whittaker House, Whittaker Avenue, Richmond-Upon-Thames, Surrey, United Kingdom, TW9 1EH
What is PayPal Pay in 3?
PayPal Pay in 3 is an interest-free loan that lets you split your basket into 3 equal instalments, with the first due at time of purchase and the subsequent payments due the next 2 months on the same date.
How can I pay with PayPal Pay in 3?
Just choose to pay with PayPal when you checkout, log into your PayPal account and, if it’s an eligible transaction, you’ll see PayPal Pay in 3 as one of the available payment methods. After selecting it, you can apply for a PayPal Pay in 3 plan in a few simple steps, get an instant decision and finish checking out.
Is PayPal Pay in 3 available to everyone?
No, PayPal Pay in 3 is only available to customers over 18 living in the United Kingdom (excluding Channel Islands and the Isle of Man). PayPal Pay in 3 is also subject to status and checks.
What’s the minimum/maximum spend?
With PayPal Pay in 3, a transaction has to be between £30 and £2,000. Subject to status.
Will a credit search take place against me?
PayPal will assess your financial position using a combination of the information you provide in your application, and information about your usage and history with PayPal. If needed, PayPal will also run a soft credit check with an external credit reference agency.
This will leave no permanent mark on your credit record if you choose not to progress. However, if you decide to use PayPal Pay in 3, your ongoing performance will be reported to credit reference agencies to promote responsible lending. So, it’s important that you’re able to keep up your repayments and that you’re comfortable that they’re affordable.
Are there any fees?
There are no fees for choosing to pay with PayPal Pay in 3.
Can I pay before the due date?
Yes, just log into your PayPal account, choose the PayPal Pay in 3 plan you want to pay off, and click Make a Payment. Then you can make an unscheduled payment of Next Payment Due or Full Balance.
What happens if I can’t make my payments?
PayPal will make efforts to support customers who are experiencing financial difficulty. If you know you will be unable to make a payment or are otherwise concerned about your finances, the best thing to do is to contact PayPal to discuss this in advance. Don’t wait until your payment is overdue. Go to https://www.paypal.com/uk/smarthelp/contact-us.
PayPal shares some data on your repayment history with credit reference agencies. Although it does not impact your credit score, this data will be visible to other companies and may impact your ability to obtain credit from other lenders and the cost of accessing it.
I still have questions. How do I get in touch?
For all other questions, please go to https://www.paypal.com/uk/payin3faq.