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Benefit of Pay Later
Help drive sales with PayPal Pay Later
Retailers trust PayPal Pay Later options to help them reach new customers, boost sales, and increase customer loyalty. Offer flexible Pay Later options (Pay in 3 and PayPal Credit)1 and let your customers buy what they love now and pay for it later.
Help attract and retain customers
6.7m of ready-to-shop customers
There are 4.4m PayPal Pay in 3 users and 2.3m PayPal Credit customers in the UK who are already shopping online.2
Speedy decisions
Historical data and risk modeling let customers know in seconds if their application is approved.
Seamless checkout
With just a few lines of code, give customers a fast and easy checkout experience.
Dynamic messages
Pay Later messaging can dynamically calculate instalment payments depending on the product price while customers browse, shop and check out.
Why businesses trust PayPal Pay Later
Instalment options for
purchases big and small
How Pay in 3 works for your customers⁷
Short-term option that lets customers pay in three, interest-free instalments.
For purchases that range from £30.00 to £2,000.00
No late fees, interest-free Included in PayPal Checkout
Automatically show customers Pay in 3 offers
Turn browsers into buyers with dynamic messages throughout the shopping journey.
They review their payment schedule
If approved, the first of three equal interest-free payments is paid at the time of purchase. The rest in two payments paid on the same date each month.
We make it easy to track payments
Customers can make a payment and review plan details at any time in the PayPal app.
How PayPal Credit work for your customers
Reusable credit line. Representative APR 23.9% (variable).
Always available offer of 0% interest for 4 months on baskets £99.00 and over.
Monthly instalments from 6 to 48 months.
Instalment interest rates from 0% to 19.9%.
Images are for illustrative purposes only. For instalment offers, credit fees are payable by merchant in addition to the transaction fee.
Automatically show customers PayPal Credit offers
If you have Credit instalments configured on your account you must display the monthly repayments using the Financing Options API (Instalment Calculator).
How PayPal Credit works for your customers
They apply via a short and fast application form and let them know if they’re approved or not. 0% for 4 months already baked into PayPal Credit with no additional fee for the merchant.
They choose an instalment plan that works for them
Once approved, customers choose a plan and make predictable payments each month. Bespoke merchant integrations can offer a PayPal Credit button at checkout, instalment offers, and finance calculators (from £xx per month).
We make it easy to track payments
Customers can make a payment and review plan details at any time in the PayPal app.
Compare Pay Later options
Both Pay in 3 and PayPal Credit let your customers buy what they love now and pay for it later.
| Pay in 3 | PayPal Credit | |
|---|---|---|
| Purchase amount | £30.00 - £2,000.00 | Dependant on customer credit limit. |
| Number of payments | 3 payments | Minimum monthly repayment is required |
| Time between payments | Initial payment made at the point of purchase with the following 2 payments made on the same date over the next 2 months. | Monthly |
| APR | 0% | Where instalments are integrated interest rates from 0% to 19.9% are available. PayPal Credit 0% for 4 months is always available at 0% on baskets of £99.00 and above Representative APR 23.9% (variable)** |
| Repayment method | Debit card or confirmed bank account | Debit card or confirmed bank account |
| Purchase Protection8 | Included | Included |
| Integration | Included in PayPal Checkout | Offer included in checkout for existing PayPal Credit customers*** |
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