Should I still make Pay Monthly payments if I’m expecting a refund?

Yes. It’s important to keep your loan current and to continue making payments according to your payment schedule until the merchant processes the refund.

After the merchant processes your refund, we’ll apply the refunded amount to your Pay Monthly installment loan. If the refunded amount exceeds the outstanding balance on the loan, the excess money will be applied to your PayPal balance. We’ll notify you via email that the refund has been processed and applied to your Pay Monthly installment loan. If a credit balance refund is due to you, we’ll notify you via email when the refund is made.