What is Pay in 3?
Pay in 3 is an interest-free loan that lets you split your basket into 3 repayments, with the first due at time of purchase and subsequent repayments due every month on the same date. Carefully consider whether you can afford the repayments and be aware of the possible impact of missing repayments, including future eligibility for Pay in 3 and making other borrowing more difficult or more expensive.
Pay in 3 is a regulated Deferred Payment Credit agreement. Refer to the terms and conditions to understand your rights.
Will I be able to use Pay in 3?
How can I pay with Pay in 3?
Pay in 3 will appear as a payment method for eligible online basket values between £20 and £3,000 when you checkout with PayPal. Upon applying, you’ll receive a quick decision, although not every application may be approved.
What are the terms and conditions for my Pay in 3 loan?
You must read the terms and conditions of your Pay in 3 loan before you submit your application. This includes Key Product Information and Additional Product Information as well as other terms. You will also see Key product information on screens before you apply. You will see the link to the terms and conditions when you choose to apply for Pay in 3 at checkout. You will also have the option to download them.
Once your loan starts, we will send you an email containing important information about your Pay in 3 loan, including how to locate your loan agreement in your PayPal account.
Are there any fees associated with Pay in 3?
PayPal does not charge any sign-up, application, late, or Not Sufficient Funds (NSF) fees when you pay with Pay in 3. However, if your repayment is returned because of non-sufficient funds or for another reason, your bank or financial institution may charge you an NSF or other fee.
If you make a PayPal Pay in 3 purchase in a different currency than your default currency, conversion charges will apply. For more details, please read the section "Where can I pay with Pay in 3” below.
How long will my Pay in 3 loan last?
Your loan will last 2 months in total. The first payment will be due at the time of purchase, followed by 2 subsequent payments due at the same date each month after that.
Where can I pay with Pay in 3?
Pay in 3 is available to use at eligible merchants where PayPal is accepted. Transactions can be made in all currencies that PayPal supports, not just GBP. For transactions not in GBP, PayPal will automatically convert the transaction amount to GBP at checkout before providing you with your Pay in 3 loan. Currency conversion charges will apply for the transactions in foreign currencies as set out in your PayPal User Agreement.
Why could I use Pay in 3 before but can’t with the same merchant now?
Pay in 3 availability will vary by merchant, sector and individual shopping experience. The Pay in 3 checkout option will only be displayed if the option is available for the specific merchant as well as the transaction amount and type.
Keep in mind, not all goods and services are eligible. If for some reason the items in your online basket are not eligible for Pay in 3, it will not be available for your purchase.
How will my Pay in 3 purchase show in my PayPal activity?
Every Pay in 3 purchase will appear in your PayPal activity with the full purchase amount under the merchant’s name. This line item reflects PayPal paying the merchant so you can spread the repayments over time.
You will also see your initial payment taken on the day of the purchase which will equal one-third of your total purchase amount. This line item is your first repayment under your Pay in 3 loan agreement. Two additional monthly installment payments will be taken automatically, and each will show as a separate transaction in your PayPal activity.
Can I opt out from seeing Pay in 3 at checkout?
If you prefer not to see the Pay in 3 funding option within the PayPal checkout, you can contact us and ask us to change your account settings so that Pay in 3 is not shown.
If you want to change this at a later date, you can contact us and we can adjust your settings to show Pay in 3 again.
If you need further financial help and support, visit Questions about Pay in 3 repayments and refer to "Where else can I go for financial help and support?"
Why was my Pay in 3 approval not used for my completed purchase?
Your Pay in 3 approval is valid for the specific shopping session in which it was granted. If you change the payment method during checkout or experience a disruption in your session (internet glitch or session timeout) the approval may become invalid. In that case, you would need to apply again to use Pay in 3 for a transaction.