Time, flexibility, and security are on your side. Buy what you like and break the payments up over weeks or even months.
Enjoy now. Pay Later with PayPal.
Flexibility that works for you
No late fees
Stretch your money with the power of Pay in 4 or Pay Monthly.
Backed by PayPal
Enjoy Purchase and Fraud Protection on eligible purchases.
Easy on your credit score
Choose Pay in 4 and relax knowing it won't impact your credit score.
With Pay Later, you have options
Pay in 4
One payment down, 3 more to go. Split purchases between $30-$1,500 into 4 interest-free, bi-weekly payments without the stress of late fees.
Pay Monthly
Buy bigger, breathe easier. Enjoy the ease of 6, 12, or 24-month payment plans, $0 down, and no sign-up or late fees.
How Pay Later works
| Pay in 4 | Pay Monthly | |
|---|---|---|
| Purchase Amount | $30 to $1,500 | $199 to $10,000 |
| Number of payments | 4 interest-free payments | 6, 12, or 24 payments |
| Time between payments | Bi-weekly (1 down payment & 3 payments) | Monthly |
| APR | 0% | 9.99-35.99%. Rates as low as 4.99% may be available |
| Repayment method | Debit card, credit card, or confirmed bank account | Debit card or confirmed bank account |
| Purchase Protection | Included | Included |
| Late fees | None | None* |
| Sign-up Fees | None | None |
| Autopay available | Automatically enrolled at time of purchase | Enroll in autopay at time of purchase or any time after |
| Credit score impact | None | Yes, if approved |
| Credit score impact | None | Yes, if approved |
* Missed payments may have an impact on your credit score.
Choose PayPal at checkout
Then select Pay Later before picking a payment option.
Get a decision in seconds
Choose the installment plan that works for you.
Frequently asked questions
Do I need credit for Buy Now, Pay Later?
When applying, a soft credit check may be needed, but will not affect your credit score. You must be of legal age in your U.S. state of residence to use Pay in 4.
Does Pay in 4 or Pay Monthly charge interest and fees?
Pay in 4 is always interest-free, with no late fees or signup fees. With Pay Monthly, you may pay simple interest depending on your APR, you won’t pay any late fees or signup fees.
Can I pay early with Monthly payments?
Yes, you can view your Pay Monthly remaining balance in the PayPal app by clicking Pay Later. There you can make additional payments as desired or pay off the loan in full at any time and you won’t be charged a fee or penalty if you do so. Paying the loan off early may lower the total amount of interest you pay.
Why use Buy Now, Pay Later?
Buy now, pay later is an excellent option if you want to make a large purchase more affordable by paying it off over time. Get what you want and break the payments up over weeks or even months.
Manage your payments
Keep tabs on your payments in the app or online.
