What is PayPal Pay in 3?

PayPal Pay in 3 is an interest-free loan that lets you split your basket into 3 payments, with the first due at time of purchase and subsequent payments due every month on the same date.

It’s a great way to spread the cost of larger items or cover the emergencies and is a helpful tool to manage your budget more effectively.

Please note that Pay in 3 is a form of credit, so carefully consider whether you can afford the repayments to avoid late fees and possible impact to your credit score.

PayPal is offering Pay in 3 to a growing number of UK customers. PayPal may also decide to offer PayPal Pay in 3 as a payment option in certain circumstances, such as where PayPal’s checks suggest an increased risk of fraud or where data they hold suggests you may not be eligible.

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.

PayPal Pay in 3 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.

To apply for PayPal,

Pay in 3, you’ll need to provide your:

  • Title
  • Phone number
  • UK address
  • Date of birth
  • Debit card information

There are no fees for choosing to pay with PayPal Pay in 3, however if you are late with a payment, PayPal will charge you a late fee of £6.00 GBP.

To learn more about PayPal Pay in 3, please click here.