How can I qualify or get PayPal Credit? PayPal Credit is one special feature offered to all PayPal users. The platform offers a digital mode of payment connected to a PayPal account which operates like a card-less credit card. The credit payment is accepted at millions of stores which allows users to pay for online purchases in installments particularly when you engage in a larger purchase. However, getting it is easy but there are requirements to meet. You achieve this by providing certain information about you.
Furthermore, PayPal Credit is a rebranded “Bill Me Later” platform. The platform offers a short-term loan to PayPal users to carry out their online purchases. Although the platform is very beneficial to its users. This comes with a payment plan backed up with an expiration date which the user must comply with. On the contrary, the platform configures a ‘Payment Due’ section shown on your statement. Also, you get a credit limit for every purchase.
Benefits of PayPal Credit
On the contrary, PayPal comes with its unique benefits as it spreading fast across the globe. This is a way to make life simple and easy for people. The idea is to save users from emergencies and give their users the open field to purchase items and pay later. This occurs particularly when the user’s wallet is low and he/she wants to make larger purchases. The benefit of PayPal is that you can choose to pay overtime within six months. The interesting thing about the platform is that you don’t need to fill an online application to get approval provided you have a PayPal account; you can use the platform anytime and anywhere you are in the world. PayPal has branded its payment platform to make sure its users can also have their Visa, MasterCard, and American Express credit cards inside their wallet.
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PayPal Credit UK
PayPal Credit extended its service across the globe and making other people beneficiaries apart from where it originated from. The platform stretched its service to the UK which takes the place as the first market launched by the platform outside the U.S. The PayPal credit UK is working with select retailers based on an agreement to set up promotional interest rates (0% interest rate) for 4 months around payment installment plans; this means you won’t pay any interest on your balance for 4 months.
On the platform, there is a promotional interest rate is lower than PayPal’s standard rate of interest but all these can only happen when you spend £99 or more in one transaction or on your checkout basket total. More so, this will not only boost and promote the retailer’s business through services rendered by the platform but will also help retailers win competitions to their favor when it comes to customers paying for their goods. However, gaining access to platform requires you to apply on the website platform.
How do I apply for PayPal credit?
Applying for PayPal credit is simple and easy but there are steps to follow:
- Go to www.PayPal.com on the URL. You can also make use of www.paypal.com/ppcreditapply/da/us/lander in the web browser of your device.
- The homepage pops-up, click on Personal at the left-center of the page.
- The arrow key slides up displaying different options, click on PayPal credits & cards.
- A page pops-up, scroll down, and click Apply now.
- On the next page, you read the offer details and the terms and conditions statement.
- After reading, click on Next Then, a page pops-up requesting your email address or mobile number and password.
- Then, click on Login.
The application form takes minutes to complete the process. The Application will then run a credit check and, if approved, you’ll have a credit limit linked to your account as soon as you accept your Credit Agreement.
What You Need to Apply
To apply on the platform, you need some relevant information about you. Meanwhile, you get to know your approval status within seconds. However, you are to provide the following information.
- Date of birth
- Information of your income after taxes
- The last 4 digits of your social security number.
- Then, you agree to the terms and conditions.
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Do I need to have an account on PayPal?
It is mandatory to have an account with PayPal before you get access to apply for the PayPal credit Application. Therefore, for you to create a PayPal account, you have to sign up for one. Signing up for a PayPal account is free, simple, and easy. All you need to do is provide your names, email address, create a password, and accept PayPal’s terms and conditions Agreement statement for users.
In conclusion, this gives you direct access to not only apply for the application. But also gives you access to enjoy other benefits and saves you the stress of traditional credit cards. Meanwhile, when your account has been linked to the PayPal account. You can use the credit card to pay back.
How Does the PayPal Credit Card work?
The PayPal credit card works dynamically as it can be used to make a one-time payment when paying your credit bill. You can make use of the debit and prepaid cards which are the PayPal Cashback Mastercard and PayPal Extras Mastercard. These are used to cash rewards directly to your balance at any time.
PayPal Credit Card Login
Tologin or sign in to your PayPal credit card account is easy and straightforward. It is just like the same way you log in to your personal or business PayPal account. Simply, learn how to login to your PayPal Credit card account in the streps below;
- Visit www.paypal.com.
- Next, click on “Login”.
- Enter your PayPal email address and password.
- Then, click on “Sign in”.
Once you have signed in to your credit card account, you can make use of your PayPal account to send, receive and make payment online.
