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Pay in 4 from PayPal allows you to pay for purchases over time. This is how it works

Is there something pricey on your wish list that you want to buy now, but would rather pay off over time rather than up front? PayPal recently introduced a new service called Pay In 4, which allows you to make an online purchase between $ 30 and $ 600 and pay it off in four bi-weekly installments. According to PayPal, Pay in 4 does not affect your credit score and there is 0% interest on the biweekly payments. Basically, it’s like a low-risk micro-credit backed by PayPal to make buying larger items, such as a TV or laptop, more manageable.

To use Pay in 4, you must have a valid PayPal account linked to a debit or credit card. When checking out online, look for the Pay Later button under the usual PayPal checkout button during a purchase. You will then be asked to log in to PayPal and select your shipping and payment information. PayPal will then approve or decline your use of Pay in 4.

To determine your eligibility, PayPal says it runs a soft credit check that won’t hurt your credit score. Your payment dates and the amounts due on each date are displayed before you make the purchase, so you know exactly when and how much your credit or debit card will be charged for each payment.



Your first payment is due at the time of purchase, followed by three installments every 15 days until the balance is automatically paid off. All you need to worry about is to keep your debit or credit card in good working order during the payout period and manage your credit card payments as usual (unless you used a debit card, which would automatically withdraw money from your bank account).

CNET’s Stephen Beacham shows how PayPal’s Pay in 4 service works in the How To video embedded above on the How To Do It All YouTube channel. Watch the video and make sure you like it and subscribe to more how-to videos from CNET. See also below how to use PayPal’s QR codes to make purchases and get paid.

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