PayPal offers short-term, interest-free payments, longer-term, monthly installments, and other special financing options that buyers can use to buy now and pay later. Pay Later is included with the standard PayPal Checkout. However, specific Pay Later offers differ by country.
Pay Later includes the following:
Pay in 4
- Eligible US buyers can pay in four interest-free payments for purchases of $30 to $1,500.
- For smaller purchases
- 4 payments over 6 weeks
- No late fees and sign-up fees; interest free
- Backed by PayPal Buyer Protection
Pay Monthly
- Eligible US buyers can pay in 6, 12, or 24 monthly installments for purchases of $199 to $10,000.
- For larger purchases
- No late fees and sign-up fees
- Interest fee from 0% to 29.99%
- Backed by PayPal Buyer Protection
Compare Pay Later products
| Pay in 41 | Pay Monthly2 | |
| Purchase Amount | $30 to $1,500 | $199 to $10,000 |
| Number of payments | 4 interest-free payments | 6, 12, or 24 payments |
| Time between payments | Bi-weekly (1 down payment & 3 payments) | Monthly |
| APR | 0% | 9.99-35.99% |
| Repayment method | Debit card, credit card, or confirmed bank account | Debit card or confirmed bank account |
| Purchase Protection3 | Included | Included |
| Sign-up and late fees | None | None |
| Autopay available | Automatically enrolled at time of purchase | Optionally enroll in autopay at time of purchase or any time after |
Check out now. Pay Later.
How it Works?
1. Choose PayPal at checkout then select Pay Later before picking a payment plan.
2. Get a decision in seconds and choose the installment plan that works for you.
3. Make the remaining payments in the app or online with the ease of autopay.