Frequently Asked Questions
Is it necessary to ask for approval before selecting PayPal Credit® at checkout?
There's no need to fill out your application completely or ask for approval before shopping. You can apply for this payment method at checkout.
What are the next steps if I have already used PayPal Credit?
You will receive an email after your first purchase. However, if there is no email coming from PayPal Credit, refresh your junk mail filter so that you will receive their messages. You will also receive an email of your billing statement within 10-14 days after the shipment of your purchased items from a retailer or after receiving the ticket for your travel, for example.
In addition, when you open your PayPal account, your account statement will be emailed to you. Or, you can go to PayPal.com to see your purchases and monitor the due date of your payments.
If your PayPal is not yet linked to a PayPal Credit account, take time to link them now to get the most from PayPal Credit as well as PayPal Purchase Protection for any eligible purchases.You can use PayPal Credit anywhere that PayPal is accessible and if the promotional financing of PayPal Credit offers to thousands of retailers who accept PayPal.
Do I need to pay an annual fee?
PayPal Credit is used without requiring any annual fee.
In using PayPal Credit, what will be my Annual Percentage Rate (APR)?
There is 19.99% for Annual Percentage Rate and $2.00 for minimum interest charge. Yet, if you pay all your total balance within its due date, there will be no more charges of interest.
Is there a charge fee if I will pay late?
You can check on your statement to see if there is a late fee added for paying lower than the minimum payment within its due date. For the first late payment, you will be charged $25 and 35% for the subsequent late payments.
How will I know about my credit line and my qualification for an increase?
Once you open your PayPal Credit account, you will receive a credit line that is viewed equally either on your usual $250 credit line or your first purchase amount in PayPal Credit. Your credit line increases once you continue making purchases. In addition, if your purchases exceed to the amount of your credit line, this will be treated as a request for an increase of credit line.
Your qualification for an increase in credit line will be determined according to your credit background and your history as a customer in PayPal Credit. This process usually happens during checkout. Nevertheless, there is no need to do anything and it will not slow the process of your checkout.
To contact PayPal Credit or find out more information on this program, click here to check out the FAQs page.