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PayPal Credit description
PayPal Credit is a line of credit linked to your PayPal account. It allows businesses to make purchases and pay for them later, either with promotional financing or fixed monthly payments. The service focuses on providing flexible payment options for various online and in-store purchases. Key features include its wide acceptance and integration with the PayPal platform.
Who is PayPal Credit best for
PayPal Credit offers businesses and individuals flexible financing for online and in-store purchases. Users appreciate its easy integration with PayPal and 0% interest promotional periods. However, some have reported high interest rates after promotions and difficulties with customer service. Consider PayPal Credit if you need a convenient buy now, pay later option but be mindful of potential interest costs.
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Ideal for small to medium-sized businesses (1-100 employees) seeking flexible financing.
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Particularly well-suited for e-commerce and retail businesses.
PayPal Credit features
| Supported PayPal Credit is a buy now, pay later option within PayPal. |
| Supported PayPal Credit offers buy now, pay later with interest-free installments for purchases under $149, paid within 6 months. |
| Supported PayPal Credit offers interest-free payments for purchases over $149 if paid within 6 months. |
| Supported PayPal offers flexible payment options like Pay in 4 and Pay Monthly, supporting various payment methods and plans. |
PayPal Credit reviews
We've summarised 64 PayPal Credit reviews (PayPal Credit G2 reviews) and summarised the main points below.
- Easy to use and convenient for online purchases.
- Widely accepted at online retailers.
- 0% interest financing for promotional periods.
- Flexible payment options.
- Seamless integration with PayPal.
- High interest rates after promotional period.
- Credit limit increases and decreases unexpectedly.
- Difficulty getting credit limit increases.
- Poor customer service, especially with complex issues.
- Account closures without clear explanation.
PayPal Credit alternatives
Amazon Pay for BusinessBetter for businesses of all sizes seeking a trusted payment solution and increased conversions. Focuses on streamlined checkout using existing Amazon customer data.Read more
SezzleFocuses on interest-free installment payments over six weeks and assumes responsibility for fraud and chargebacks. Has more momentum currently.Read more
PaylineBetter for in-person, online, and invoice payments. Offers transparent wholesale pricing and next-day funding. No cancellation fees or long-term contracts.Read more
Venmo for BusinessBetter fit for businesses focused on social commerce. Lacks buy now, pay later features.Read more
BILL AP/ARBetter for automating back-office financial operations like invoicing and bill payments. It’s a much better fit for businesses focused on streamlining accounting processes and improving financial control. Also has more momentum in its employee growth.Read more
PayPal Credit FAQ
What is PayPal Credit and what does PayPal Credit do?
PayPal Credit is a line of credit linked to your PayPal account, enabling you to make purchases now and pay later. It offers flexible payment options, including promotional financing and fixed monthly payments, and is widely accepted online and in stores. It seamlessly integrates with PayPal for convenient online purchasing.
How does PayPal Credit integrate with other tools?
PayPal Credit seamlessly integrates with the PayPal platform, offering a convenient buy now, pay later option directly within the checkout process. It supports various payment methods and plans, enhancing the customer experience. This tight integration simplifies transactions for both businesses and consumers.
What the main competitors of PayPal Credit?
Alternatives to PayPal Credit include Amazon Pay, Sezzle, and Payline. These competitors offer similar buy now, pay later financing options for businesses and consumers. Other options such as Venmo for Business and PayPal Here, focus on streamlining payment processing.
Is PayPal Credit legit?
Yes, PayPal Credit is a legitimate service offered by PayPal. It's a safe and widely accepted buy now, pay later option for online purchases, offering interest-free installments for a promotional period. However, be mindful of high interest rates after the promotional period ends.
How much does PayPal Credit cost?
PayPal Credit doesn't have a set fee. Instead, interest is charged on outstanding balances if you don't pay in full by the due date. Check the terms and conditions for specific interest rates and how they apply to your purchases. Therefore, it's crucial to evaluate if PayPal Credit is worth it based on your spending habits.
Is PayPal Credit customer service good?
PayPal Credit's customer service receives mixed reviews. While some users appreciate its helpfulness with account information and credit access, others report difficulties, especially with complex issues and security concerns. Some users mention slow response times and unhelpful agents.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.