8/26/2023 0 Comments Contact paypal creditIt’s possible to use PayPal Credit to send money to friends and family, but it doesn’t come cheap. ![]() With this feature, there’s also no retroactive interest, Schmidt says. So it can be smart to make a repayment plan that leaves you with at least a month to spare, says Bruce McClary, vice president of communications for the National Foundation for Credit Counseling.įor purchases of $30 or more, some merchants allow you to split that into three monthly payments and no interest charges. If you don’t pay it off within the required period, you’ll owe interest on the entire repayment period. Some retailers also offer special deals extending the interest-free period. But it does offer some special payment deals, like longer interest-free terms.įor purchases of $99 or more, PayPal Credit gives users up to six months to pay off the balance interest-free, says Susan Schmidt, vice president of consumer credit for PayPal Credit. Unlike PayPal’s credit cards, PayPal Credit doesn’t offer rewards. You can set it as your default payment method, just like you would a debit or credit card. Your credit line is linked to your PayPal account. PayPal Credit is an unsecured line of credit that you apply for and can use online anywhere PayPal is accepted. What is PayPal Credit and how does it work?
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