FAQs

How does the "Pay Monthly" option work?

1

When you receive your invoice, click the "Pay Now" button. After logging into PayPal, look for the "Pay Later" section. You can apply for "Pay Monthly," which allows you to break your $10,000 payment into predictable monthly installments over 6, 12, or 24 months.

Is there a down payment required?

2

For the Pay Monthly plan (available for amounts up to $10,000), there is typically $0 down at checkout. Your first installment will usually be due one month after the transaction is processed.

Will this affect my credit score?

3

PayPal performs a "soft" credit check to determine your eligibility and show you your potential payment plans. This check does not impact your credit score. If you choose to move forward with a plan, it may be reported to credit bureaus as a standard installment loan.

What are the interest rates?

4

Interest rates (APR) typically range from 9.99% to 35.99% based on your credit profile. You will see the exact monthly dollar amount and the total interest cost clearly displayed before you click "Confirm."