What is Pay in 4?

Pay in 4 is an interest-free installment loan that lets you split your purchase into 4 payments, with the down payment due at the time of the transaction and 3 subsequent repayments made every 15 days thereafter.

How can I pay with Pay in 4?

If eligible, Pay in 4 will appear as a payment method for shopping cart values between $30 and $1,500 when you check out with PayPal. Upon applying, you'll receive a decision within seconds, although not every application will be approved.

Availability depends on your state of residence, and you must be at least 18 years of age to apply. You must also have a PayPal account in good standing or open a PayPal account to apply.

Pay in 4 is not available for certain merchants and goods. Offer availability depends on the merchant and may not be available for certain recurring subscription services.

Are there terms and conditions for my Pay in 4 loan?

Yes. You must read the loan agreement for your Pay in 4 loan before you submit your application. You will see the link to the loan agreement while applying for Pay in 4 at checkout. You will have the option to download the loan agreement.

Once your plan starts, we will send you an email containing important information about your Pay in 4 loan, including how to locate your loan agreement in your PayPal account. 

Are there any fees associated with Pay in 4?

PayPal does not charge any sign-up, application, late, or non-sufficient funds (NSF) fees when you pay for your purchase with Pay in 4. 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.

How long will my Pay in 4 plan last?

Your Pay in 4 loan lasts a little over 6 weeks in total. The down payment is due at the time of the transaction and 3 subsequent repayments will be taken by autopay every 15 days thereafter.

What currencies are accepted?

Transactions can be made in all currencies that PayPal supports, not just US Dollars (USD). For transactions not in USD, PayPal will automatically convert the transaction amount to USD at checkout before providing you with your Pay in 4 plan. Currency conversion charges will apply and can be found in the PayPal User Agreement.

Why could I use Pay in 4 before but can’t with the same merchant now?

Pay in 4 eligibility will vary by merchant and individual shopping experience. The Pay in 4 option will be displayed in PayPal checkout if the option is available for the specific merchant as well as the transaction amount and type. Keep in mind, not all goods and services are eligible. If for some reason the items in your cart are not eligible for Pay in 4, the offer will not be available.

How will my Pay in 4 purchase show in my PayPal activity?

Every purchase made with a Pay in 4 loan will appear in your PayPal activity as a full purchase amount under the merchant’s name. This line item reflects PayPal paying the merchant upfront so you can then pay PayPal back for your Pay in 4 loan by spreading the repayments over time according to your plan's payment schedule. 

You will also see your down payment taken on the day of the purchase which will equal one-fourth of your total purchase amount.