![]() If a customer signs up to pay in four but misses any of their payments, PayPal will no longer extend the BNPL option to them until the amount is paid. What Happens if a Customer Misses One of Their Payments? Customers are eligible to use it for purchases between $30 and $1,500. In fact, as of 2021, there are about 426 million PayPal users all across the planet. Just about everyone has a PayPal account and just about every eCommerce store accepts PayPal payments. Pretty simple, right? Can Anyone Use PayPal Pay in 4?Īnyone with a PayPal account can make purchases using Pay in 4.Īgain, this is what makes PayPal’s version of BNPL so popular. Two weeks after that, you’d pay $25 again.Īnd then the final $25 would be due two weeks later. Then, in two weeks, you’d be charged another $25. So, in total, customers pay off their purchases in just six weeks.įor example, if you elected to use PayPal Pay in 4 when purchasing a product that costs $100, you’d pay $25 of it right away at checkout. The name pretty much says it all, but let’s dig into the details about how PayPal Pay in 4 actually works.Ĭustomers make the first of their four payments upfront at the time of purchase with the other three coming due every two weeks. We’ll cover some of the more popular names that accept PayPal Pay in 4 in just a moment. (Also, that last element is a HUGE benefit that customers love – which we’ll cover in more detail a bit later)Īnd thanks to the popularity of PayPal, the option is widely accepted all over the Internet and even at many in-store locations. PayPal introduced the new option back in 2020, which added to its other “Pay Later” offerings: Easy Payments and PayPal Credit.Īs opposed to offering installation payments the way a credit card would, PayPal Pay in 4 promises customers won’t have to deal with: It’s a “Buy Now, Pay Later” (BNPL) feature that allows customers to pay for their purchases in four easy installments – instead of all at once. ![]() PayPal Pay in 4 is a fairly self-explanatory service.
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