PayPal Credit – How Does it work? | Features of PayPal Credit

PayPal Credit is simply a reusable credit line that is used for online purchases at stores that accept PayPal. With PayPal Credit, you can shop at millions of online stores that use PayPal. Users can get up to 6 months of special financing when they make purchases that are up to $99. The amazing part is that it comes with the same flexibility and security you get from PayPal, so there’s nothing to worry about.

PayPal Credit

PayPal Credit

PayPal Credit was formally known as “Bill me later” looking at the name “Credit” and “Bill me later” you already know what it means, This credit can cover the difference for big and small purchases when you don’t enough funds in your PayPal wallet. In other words, it makes it easy for you to make purchases not minding the size to fit into your budget whenever you shop at online stores that accept PayPal.

The PayPal Credit is not available for everyone, you must have a good credit in order to qualify for the account. This credit we are talking about is not a physical material like that of a visa and traditional credit cards. It is not something you can feel or touch, it is 100% online-based. It is designed for online use only unlike PayPal Credit Card or Cashback MasterCard.

However, the service comes with lots of perks that Regular PayPal online shoppers will benefit from.

Features of PayPal Credit

Below are some of the features of PayPal Credit.

Easy to Apply and Approved – It has an easy application process and approval. To apply for the Credit, the only thing you must ensure is that you have to good credit.

Very quick and fast – it has a very fast payment procedure unlike other payment methods like payment with a physical card, where you have to wait for the card to get in the mail. You only need to apply online, then get instant approval depending on your credit history. So if you have a very go credit history you will get approval right away.

Accepted at thousands of online stores –  many online stores or shopping sites like Walmart, Macy’s, Target and lots more accept this service. So with the PayPal Credit, you will have lots of online stores to shop at.

Covers the difference for big purchases – it lets users make purchases even when their PayPal account balance is not up to the number of items they want to purchase. That is to say, if you want to make a big purchase and the balance in your account is too low for what you want to purchase, the credit line can show you the difference, you can also decide to pay over time.

How Does it Work?

This account is for users of the platform with good a credit score. So is your credit history is good, all you need is to go to their website and apply for it. After being approved, when you want to make purchases, it will request you to log in to your PayPal account to finish your transaction. Then you can now make your payment either by mail, phone, online, etc. As soon as the credit account is connected to PayPal it will be enlisted as a funding option, giving you the option to pay off the balance.

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