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PayPal Pay Later

Let us help you put Pay Later to work for your business.

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Talk to a payments expert 1-855-477-5687.

Gain and retain more customers

Eligible shoppers

Approximately 65% of US PayPal consumers are pre-approved for Pay in 4.2 In the US alone, pre-approved Pay in 4 customers have been pre-qualified to spend a potential $80 billion.3

Speedy decisions

Let customers know in seconds if their application is approved. There’s an 86% approval rate for PayPal Pay Later in the US4 and a global approval rate of approximately 90% across products.5

Seamless checkout

Give customers a fast and easy checkout experience with just a few lines of code. Keep your back-office experience as simple as your front end.

Dynamic messages

With Pay Later messaging, automatically present the most relevant Pay Later option as your customers browse, shop, and check out.

US large enterprise merchants saw an additional 11% lift in sales 3 months after adding Pay Later upstream messaging.6

Why businesses choose PayPal Pay Later

#1

PayPal’s ranking among buy now pay later apps for privacy, transparency, and security7

39%

higher average order values (AOV) for Pay Later compared to standard PayPal AOV for large enterprise retailers in the US8

67%

of Pay Later users in all markets are repeat buyers9

Installment options for purchases big and small

Pay in 4Pay Monthly

How Pay in 4 works for your customers

  • Short-term option that lets customers pay in four, interest-free installments1

  • For purchases up to $1,500

  • No late fees

Images are for illustrative purposes only. Merchant-funded 0% APR for consumers is in addition to your applicable PayPal transaction rate.

Automatically show customers Pay Later offers

Turn browsers into buyers with dynamic messages throughout the shopping journey.

Customers choose Pay in 4

They can apply for Pay in 4 with no impact to their credit score.1

They review their payment schedule

If approved, the first of four equal interest-free payments is paid at purchase. The rest of the payments will be paid automatically on a predictable schedule.

We make it easy to track payments

Customers can make a payment and review plan details at any time in the PayPal app.

How Pay Monthly works for your customers

  • Longer-term payment option that lets customers pay over 3, 6, 12, or 24 months at varying APR7

  • For purchases that range from $49 to $10,000

  • 0% APR campaigns available for an additional fee, which can help accelerate sales

  • No late fees

Images are for illustrative purposes only. Merchant-funded 0% APR for consumers is in addition to your applicable PayPal transaction rate.

Automatically show customers Pay Later offers

Turn browsers into buyers with dynamic messages throughout the shopping journey.

Customers choose Pay Monthly

They apply and know within seconds if they’re approved. You can also offer financing at 0% APR for an additional fee—which could help customers complete their purchase.

They choose a payment plan that works for them

If approved, customers choose a plan and make predictable payments each month.

We make it easy to track payments

Customers can make a payment and review plan details at any time in the PayPal app.

Compare Pay Later options

Both Pay in 4 and Pay Monthly let your customers buy what they love now and pay for it later.

Compare Pay Later options
Pay in 41 Pay Monthly1
Purchase amount Up to $1,500 $49 to $10,000
Number of payments 4 interest-free payments 3, 6, 12, or 24 payments
Time between payments Bi-weekly (1 down payment and 3 payments) Monthly
APR 0% 9.99% – 35.99% APR based on the customer. Option to fund 0% APR campaigns for additional cost.
Repayment method Debit card, credit card or confirmed 
bank account Debit card or confirmed bank account
Purchase Protection7 Included Included
Sign-up and late fees None None
Autopay available Automatically enrolled at time of purchase. Option to enroll in autopay at time of purchase or any time after.

Retail leaders love

PayPal Pay Later

Explore articles, case studies, and more

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Offer Pay Later

Drive sales with

PayPal Pay Later.

Retailers can trust PayPal Pay Later to help them reach new customers, boost sales, and increase customer loyalty. Offer flexible buy now, pay later options1 while getting paid up front.

Connect With Us
Talk to a payments expert to get started, 1-855-477-5687​.
Images are for illustrative purposes only.
1
About Pay in 4: Loans to CA residents are made or arranged pursuant to a CA Financing Law License. PayPal, Inc. is a GA Installment Lender Licensee, NMLS #910457. RI Small Loan Lender Licensee. When applying, a soft credit check may be needed for some consumers, but will not affect their credit score.
Pay Monthly is subject to consumer credit approval. Term lengths and fixed APR of 9.99-35.99% vary based on the customer’s creditworthiness. The lender for Pay Monthly is WebBank. PayPal, Inc. (NMLS #910457): RI Loan Broker Licensee. VT Loan Solicitation Licensee.
2
PayPal internal data as of January 17, 2023.
3
Based on PayPal Internal Data analysis of distribution of pre-qualified amounts shown to PayPal Pay in 4 customers from Aug 2023 to April 2024.
4
Internal PayPal data as of January 17, 2023.
5
Based on PayPal internal analysis occurring July 2022 - July 2023.
6
Based on an internal data analysis of retailers with PayPal Pay Later messaging from October 2020 through August 2023.
7
CR (Consumer Reports), "Buy Now, Pay Later Apps Are Popular, but Are They Safe?" Consumer Reports , May 25, 2023.
8
Nielsen Survey, Commissioned by PayPal, Nielsen Media Attitudinal Survey of USA (February 2023) with 3,999 recent purchasers (past 2 weeks) from large enterprise merchants, including 1,057 PayPal BNPL transactions & 942 non-BNPL PayPal transactions; PayPal BNPL includes Pay Monthly & Pay in 4​.
9
Based on PayPal internal data from Jan 2022 - Dec 2022.
10
Available on eligible purchases. Limits apply. Read the terms and conditions of the PayPal Purchase Protection Program.