PayPal Credit

PayPal Credit is like a credit card without the plastic. It’s a credit limit attached to your PayPal account, which you can use for your online purchases.

How do I apply for PayPal Credit?

STEP 1

Add your chosen item to your bag, ensuring your order is over £99 and qualifies for 0%. for 4 months with PayPal Credit.

STEP 2

Choose a credit plan that works for you, whether it's 0% for 4 months or you wish to spread your payments over a longer instalment offer.

STEP 3

You will be redirected to PayPal to complete your application. Simply fill out a short application form if you do not have an existing PayPal account.

STEP 4

You will be notified by PalPal on the status of your application. If accepted, we will begin the process to dispatch your order.

0% for 4 months

Available on single transactions of £99 or more.

You won't be charged any interest for the first 4 months*. Any remaining balance due after the 4-month period will be charged at your standard variable rate.

*The minimum payment due still applies to 0% offer balances. Any remaining balance due after the 4-month promotional period or any transactions under £99 will be charged interest at 23.9% p.a. (variable). In order to maintain the 0% offer, you need to keep up monthly repayments and stay within your credit limit.

PayPal Credit Instalments

Available on orders of £99 or more.

If your basket is eligible, a selection of instalment offers will be displayed enabling you to spread the cost of your purchase across a number of monthly payments.

The available repayment terms will depend on the price of your item. The mimum spend for each repayment term:

12 months: £99
24 months: £199
36 months: £499
48 months: £999

PayPal Credit FAQs

To learn more about PayPal Credit, please refer to our frequently asked questions below.

Am I eligible for PayPal Credit?

To be eligible for PayPal Credit you must meet the following criteria:

you need to be a UK resident aged 18 or older.
you need good credit history.
you haven't been recently declared bankrupt.
you must be employed and have an income greater than £7,500 per year.

Do I need a PayPal account to apply?

Yes, however if you don't have a PayPal account, you can create one as part of the PayPal Credit application. Signing up for a PayPal account is free and easy; all you need to do is provide your email address, create a password and accept PayPal's User Agreement.

Do I need to reapply if I already have PayPal Credit?

If you already have PayPal Credit, you can take advantage of these offers without having to reapply as long as you have enough available credit limit. Just select one of the available instalment offers and check out with PayPal Credit.

I can't see PayPal Credit as a payment option?

For PayPal Credit to show as a payment option, you will need to ensure that the items in your basket are eligible for PayPal Credit and that you have a minimum spend of £99 within your basket.

Application unsuccessful

If you have been declined for PayPal Credit, PayPal will send you more information about why your application was unsuccessful. Alternate methods of payment are available.

Can I return my item when bought with PayPal Credit?

Providing your purchase meets the returns criteria, just return as normal and the money will be refunded to your PayPal Credit account.

What is the cost of PayPal Credit outside the instalment offers?

The Representative Example below shows the typical costs of using a PayPal Credit limit, not including instalments or other offers.

Representative Example:

Purchase rate 23.9% p.a. (variable)

Representative 23.9% APR (variable)

Assumed Credit Limit £1,200

Finance provided by PayPal Credit. Terms and conditions apply. Credit subject to status, UK residents only, Chisholm Hunter acts as a broker and offers finance from a restricted range of finance providers. PayPal Credit is a trading name of PayPal UK Ltd, 5 Fleet Place, London, United Kingdom, EC4M 7RD.

Chisholm Hunter Limited is registered in Scotland, with company registration number SC107277. Registered office: 3rd Floor, 146 Argyle Street, Glasgow, Lanarkshire, G2 8BL. Not all products are regulated by the Financial Conduct Authority and FOS protection will not be extended. We may receive a commission if your application is successful, and the amount may vary depending on the product chosen and the amount of credit taken out.