PayPal Pay In 3 – 0% Finance
PayPal Pay in 3 offers an interest-free loan over three payments, with no set up fees. You’ll get a decision in seconds and your purchases are protected by the same Buyer Protection you always get when using PayPal.
Pay in 3 is available on purchases between £30-£2000. If your account is already approved, you’ll have the option for Pay in 3 when you select to Pay with PayPal at the checkout – it will be an option once you login to PayPal and looks like this:
Your first payment will be taken when you complete the purchase, the rest in two payments on the same date each month.
Some customers may also be offered PayPal Credit on purchases over £99, allowing you to spread payments over 4 months, also interest-free and with the same benefits as Pay in 3.
Please note that Pay in 3 eligibility is subject to status and approval. UK residents only. Pay in 3 is a form of credit, may not be suitable for everyone and use may affect your credit score. See product terms for more details.
Frequently Asked Questions
1. Will I be able to use PayPal Pay in 3?
We’re offering PayPal Pay in 3 to a growing number of our UK customers.
PayPal may decide not to offer PayPal Pay in 3 as a payment option in certain circumstances, such as where their checks suggest an increased risk of fraud or where data they hold suggests you may not be eligible. Please note that Doors & More is not involved in these decisions and PayPal’s decision whether to offer Pay in 3 is final.
If you choose PayPal Pay in 3 as your payment method when you check out with PayPal, you’ll be taken through the application process. You’ll get a decision instantly, but not everyone will be approved based on PayPal’s internal checks.
2. How long will my PayPal Pay in 3 plan last?
Your plan will last 2 months in total. The first payment will be due at the time of purchase, followed by 2 further payments due each month after that.
3. What information do I need to apply for PayPal Pay in 3?
To apply for PayPal Pay in 3, you’ll need to provide your:
- Phone number
- Date of birth
- Debit card information
4. How is my application for PayPal Pay in 3 assessed?
PayPal’s decision making process is automated. They assess your financial position using a combination of the information you provided within your application, and information about your usage and history with PayPal to decide whether PayPal Pay in 3 is suitable for you at this time.
5. Will applying for PayPal Pay in 3 impact my credit file?
If needed, PayPal will run a soft credit check with an external credit reference agency. This leaves no permanent mark on a customer’s credit record if they choose not to progress. However, if a customer decides to use Pay in 3, PayPal will report their ongoing performance to credit reference agencies as they believe this promotes responsible lending. So, it’s important that you’re able to keep up your repayments and that you’re comfortable that they’re affordable.
6. Are there any fees associated with PayPal Pay in 3?
There are no fees for choosing to pay with PayPal Pay in 3.