Paypal Installment: Pay Later
PayPal offers short-term, interest-free payments and other special financing options that buyers can use to buy now and pay later, while merchants get paid up-front. Pay Later is included with the standard PayPal Checkout. However, specific Pay Later offers differ by country.
Pay Later in the UK includes the following:
- Pay in 3 – Eligible UK buyers can pay in three interest-free payments for purchases of £30 – £2,000.
- PayPal Credit – Eligible UK buyers receive a revolving line of credit that they can use to pay over time. PayPal Credit offers either 0% interest for 4 months on purchases over £99 or a merchant-specific Installment offers. For the 0% interest for 4 months offer, any remaining balance due after the promotional period or any transactions under £99 are charged interest at the standard variable rate. Terms and conditions apply.
Pay Later in the Italy includes the following:
- Pay Later in Italy includes Pay in 3 instalments, which eligible buyers in Italy can use to pay in three interest-free payments for purchases of 30€ – 2,000€. The first payment is due at the time of the transaction, and subsequent payments are due every month.
Pay Later in the France includes the following:
- Pay Later in France includes Pay in 4X, which is an installment offer that allows consumers to spread the cost of a purchases across four equal payments for transactions between 30€ – 2,000€. The first payment is due at the time of the transaction. The subsequent payments spread across 90 days.
Pay Later in the Spain includes the following:
- Pay Later in Spain includes Pay in 3 instalments, which eligible buyers in Spain can use to pay in three interest-free payments for purchases of 30€ – 2,000€. The first payment is due at the time of the transaction, and subsequent payments are due every month.
Pay Later in Germany includes the following:
- PayPal Ratenzahlung – Eligible German buyers can pay in 3, 6, 12, or 24 monthly installments for purchases of 99€ to 5,000€.
- Pay in 30 – Eligible German buyers can pay within 30 days for purchases of 1€ to 1,000€.
Disclaimer: If you can't see the pay later button at checkout, it means that paypal has determined that you are not eligible for the time being.
How it works
A customer visits website and sees that they can buy now and pay later.
When Eligible customers check out with PayPal, they can choose Pay in 3.
Paypal handles it from there - the merchant gets paid up front and in full.