PayPal Pay in 3


Q: What is Pay in 3?

A: Pay in 3 is an interest-free loan that lets you split your basket into 3 repayments, with the first due at time of purchase and subsequent repayments due every month on the same date. Please note that Pay in 3 is a form of credit, so carefully consider whether you can afford the repayments and be aware of the possible impact of missing repayments, including future eligibility for Pay in 3 and making other borrowing more difficult or more expensive.

Q: Should I be able to use Pay in 3?

A: Pay in 3 is not available for certain merchants and goods. We may also decide not to offer Pay in 3 as a payment option in certain circumstances, such as where data we hold suggests you may not be eligible or where our checks suggest an increased risk of fraud. The checks we run are with an external credit reference agency. This search will only be visible to you and will not affect your credit score.

Q: How can I pay with Pay in 3?

A: Pay in 3 will appear as a payment method for eligible online basket values between £30 and £2,000 when you checkout with PayPal. Upon applying, you’ll receive a decision within seconds, although not every application will be approved.

Q: What are the terms and conditions for my Pay in 3 Plan?

A: You can read the terms and conditions of your Pay in 3 plan before you submit your application. You will see the link to the terms and conditions when you choose to apply for Pay in 3 at checkout. You will also have the option to download them.

Once your plan starts, we will send you an email containing important information about your Pay in 3 plan, including how to locate your loan agreement.

Q: Are there any Fee's associated with Pay in 3?

A: PayPal does not charge any sign-up, application, late, or Not Sufficient Funds (NSF) fees when you pay with Pay in 3. However, if your repayment is returned because of non-sufficient funds or for another reason, your bank or financial institution may charge you an NSF or other fee.

Q: How long will my Pay in 3 plan last?

A: Your loan will last 2 months in total. The first payment will be due at the time of purchase, followed by 2 subsequent payments due each month after that.

Q: How will my Pay in 3 purchase show in my PayPal activity?

A: Every Pay in 3 purchase will appear in your PayPal activity with the full purchase amount under the merchant’s name. This line item reflects PayPal paying the merchant so you can spread the repayments over time.

You will also see your initial payment taken on the day of the purchase which will equal one-third of your total purchase amount. This line item is your first repayment under your Pay in 3 loan agreement.

Q: Can I opt out from seeing Pay in 3 at checkout?

A: If you prefer not to see the Pay in 3 funding option within the PayPal checkout, you can contact PayPal and ask them to change your account settings so that Pay in 3 is not shown.

If you want to change this at a later date, you can contact PayPal and we can adjust your settings to show Pay in 3 again.

If you need further financial help and support, visit Questions about Pay in 3 repayments