What if my Pay Monthly purchase contains multiple items and the merchant processes/ ships items at different times?
Merchants sometimes process and/or ship your order in multiple packages at different times. They usually ship as soon as products/merchandise are ready versus holding the entire order while waiting on the full order to be prepared. Your Pay Monthly installment loan won’t start accruing interest until the first item is processed and/or shipped. This item will appear in your PayPal Activity and the outstanding balance of your Pay Monthly installment loan will be equal to this amount.
If additional items are processed and/or shipped at a later time, each item will be listed in your PayPal Activity, and your loan’s outstanding balance will be updated accordingly. If this impacts your outstanding loan balance and monthly payment amount, you will be sent an updated payment schedule via email and you will see the changes when you access your Pay Monthly loan in the PayPal app or online.