What is PayPal ?PayPal is a payment platform that gives shoppers a way to pay for their purchases in four interest-free installments spread out over six weeks, rather than in one lump sum. With PayPal’s pay later offers, we offer customers all the benefits of buy now, pay later, but without the friction they experience with traditional consumer financing options. You can check out in far fewer steps, especially if you already have an account with PayPal.
PayPal’s pay later offers include:Pay in 4: A new short-term, interest-free installment offering that lets customers pay for purchases in 4 payments, while businesses get paid up front.
PayPal Credit:* Special financing offers for larger purchases. Customers can pay over time while businesses get paid up front. With Pay in 4, PayPal you have an option to pay 25% of an item’s price upfront, then pay the rest over six weeks through three equal payments. This program is for purchases between $30 and $600 and there are no interest charges or other fees (except for late fees if someone doesn't pay on time).