Paypal “Pay Later” Payment Plans Details (biweekly or monthly-need approval)
PAY IN 4 (BIWEEKLY)
Purchase amount: $30-$1,500
Time between payments: biweekly
Number of payments: 4 interest free payments
APR: 0%
Repayment method: Debit card, credit card, confirmed bank account
Purchase protection: included
Late fees: none
Sign-up fees: none
Autopay available: Automatically enrolled at time of purchase
Need approval: yes
PAY MONTHLY
Purchase amount: $49-$10,000
Time between payments: monthly
Number of payments: 3, 6, 12 or 24 payments
APR: 9.99% -$35.99%
Repayment method: Debit card, confirmed bank account
Purchase protection: included
Late fees: none
Sign-up fees: none
Autopay available: Optionally enroll in autopay at time of purchase or any time after
Need approval: yes