| Paypal Credit | Spread the total cost over a maximum period of 24 months – terms apply | Option 1 – 0% interest for 12 months on single transactions of £99
Option 2 – 9.9% interest for 24 months on single transactions of £199 or more. |
Option 1 – Interest is charged at our standard rate of 23.9% p.a. (variable) if the full amount is not paid off by the date shown on your statement.
Option 2 – Interest is charged at our standard rate of 23.9% p.a. (variable) if the full amount is not paid off by the date shown on your statement. |
How does the 0% for 12 months offer work?
For customers with PayPal Credit, 0% interest for 12 months is available on single transactions of £99.00 or more. This means when you spend more than £99.00 in one shopping basket, you’ll benefit from the offer and won’t be charged any interest on that transaction for 12 months after purchase. This applies automatically to any purchase made using PayPal Credit in excess of this value, except those to which another promotional offer (such as an instalment offer) applies. You can use this offer as many times as you like as long as you have an available credit limit.
While no interest is charged, any balance subject to a 0% for 12 months offer will be included in the calculation of your minimum repayment amount. Any remaining balance due after the 12-month promotional period will be charged at 23.9% p.a. (variable). If you fail to make minimum repayments on time or in certain other circumstances, PayPal may remove your offer. Please see the Credit Agreement for more details.
How do instalment offers with PayPal Credit work?
With selected merchants, when you check out with PayPal Credit, you’ll be shown a selection of instalment offers which enable you to spread the cost of your purchase across a number of repayments. These instalment offers allow you to choose a set monthly repayment over a fixed period to help spread the cost of larger purchases in a more manageable way.
Instalment offers will always have an interest rate lower than the standard variable rate. 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.
It is important that you think about whether you can afford the monthly repayment agreed for any instalment offer. This will be added to your monthly minimum repayment amount and will need to be paid each month.
If you fail to make repayments or in certain other circumstances, PayPal may remove your offer and any outstanding amount will be charged at 23.9% p.a.
(variable). Please see the Credit Agreement for more details.
© 2022 PayPal Inc. Confidential and proprietary.
FAQ – PayPal Credit
What Is PayPal Credit?
PayPal Credit is like a credit card, without the plastic. It’s a credit limit that’s attached to your PayPal account which you can use for your online purchases. If you have PayPal Credit it will be available as a funding source within your PayPal wallet and can be used for purchases in most places where PayPal is accepted. You can make purchases in the same way as you would with a normal credit card, by choosing PayPal Credit as your funding source at checkout.
For purchases less than £99.00, interest is charged at our standard rate of 23.9% p.a. (variable) if the full amount is not paid off by the date shown on your statement. In addition, PayPal Credit lets you access two types of promotional offers: 0% for 6 or 12 months on all purchases of £99.00 and over; pay over 18 or 24mths with an interest rate of 9.9%
Is PayPal Credit Available To Everyone?
No, PayPal Credit is only available to customers over 18 living in the United Kingdom (excluding Channel Islands and the Isle of Man). PayPal also have to assess a customer’s creditworthiness, so you should have a good credit history to apply.
How Can I Apply For PayPal Credit?
Customers may be offered the opportunity to apply for credit on a website, if purchasing an eligible product and choosing to apply for an instalment offer using PayPal Credit. Otherwise customers can apply directly via PayPal’s website.
Click here to see the full FAQ for PayPal Credit and view the Terms and Conditions.
© 2022 PayPal Inc. Confidential and proprietary.
FAQ – PayPal Pay in 3
Pay in 3
Make one payment today, then pay the rest in two interest-free monthly payments. Available on purchases from £30 to £2,000. Apply easily and get an instant decision. Check out securely with PayPal and choose Pay in 3
Subject to status. Terms and Conditions apply. UK residents only. PayPal is a responsible lender. Pay in 3 performance may influence your credit score. PayPal Pay in 3 is a trading name of PayPal (Europe) S.à.r.l. et Cie, S.C.A., 22-24 Boulevard Royal, L-2449, Luxembourg.
Click here to learn more about Pay in 3.
© 2022 PayPal Inc. Confidential and proprietary.
| Paypal Pay in 3 | Make one payment today, then pay the rest in two interest-free monthly payments. Available on purchases from £30 to £2,000. | No interest or fees when you pay on time | There are no fees for choosing to pay with PayPal Pay in 3. If a payment does become overdue, our collections team will work with you to find the best solution. |
| Clearpay | 4 payments, payable every 2 weeks | No interest or fees when you pay on time | Clearpay charges a £6 late fee for each late instalment and a further £6 if it’s still unpaid 7 days later. Late fees are capped at £6 for orders under £24 and the lower of £24 or 25% of the order value for orders over £24. |
| Klarna Pay in 3 | One part payment at purchase and 2 further payments at 30 and 60 days | No interest or fees when you pay on time | We will charge you a late fee if you do not pay us up to 14 days after your 2nd or 3rd instalments are due. We’ll attempt up to three times to charge your card within this time. If we are still not able to collect payment from you, we will charge you a late fee.
If your order is £30 or more, we will charge you a late fee of £5. If you only receive part of your order and the total value is £20 or less, the late fee will only be 25% of the purchase price of the order. For example, if your order’s total value is £16, you will be charged a £4 late fee, which is 25% of £16. You will only be charged a maximum of one late fee per instalment. We won’t charge you a late fee if you have less than £1 left to pay. |
| Klarna Pay in 30 days | 30 days to pay | No interest or fees when you pay on time | If your order is over £20, we will charge you a late fee of £5. If you only receive part of your order and the total value is £20 or less, the late fee will only be 25% of the purchase price of the order. For example, if your order’s total value is £16, you will be charged a £4 late fee, which is 25% of £16.
You will only be charged a maximum of two late fees per Pay Later order. We won’t charge you a late fee if you have less than £1 left to pay. |
| LayBuy | Spread the total cost over 6 weekly automatic payments | No interest or fees when you pay on time | If you fail to make a payment, a £6 late fee will be charged after 24 hours of non-payment. If you do not make payment within another 7 days, another late fee of £6 will be charged. The maximum amount of late fees charged for a single purchase is £24. |
Why use Payl8r?
We’ve got you covered
All credit types considered
0% interest available
0-18 month terms
Friendly UK support team
Interested?
How does it work
1. Checkout with Payl8r
Click the Payl8r option at the checkout
2. Our payment process
Select deposit, instalment plan & complete the 60 second application form.
3. Receive Confirmation
Your items have been paid for and on their way to you!
4. Account Setup
Log into your account to view all purchases and payment dates.
What will it cost?
You can repay in full within 30 days at 0% interest or choose an interest bearing plan.
Interest rates vary subject to status and start at 1% per month.
Application fees may apply.
Missed payments may affect your credit file, future borrowing and incur fees.
Moona Membership gives you access to a multitude of benefits:
Moona £5 discount
Get a £5 discount on each purchase, on average 10% of your order. We instantly apply the reduction on the payment page so you only pay the reduced amount.
Moona Deal Club
Save even more by getting access to hundreds of discounts, vouchers, cashback and up to 30% savings on the biggest UK retailers.
Our members enjoy a 7-day free trial and then pay £29.99 per month for Moona membership.