Shop Now. – at no additional cost to you.Get StartedContact Sales. Global online payment giant PayPal is joining the Australian buy now pay later (BNPL) market, going up against local rival Afterpay (ASX: APT) with the launch of its ‘Pay in 4’ credit platform.. The Buy Now, Pay Later (BNPL) option will be available to all 9 million PayPal Australia customers, giving them the option to pay off purchases up to $1,500 in four interest-free installments. Once you get to the checkout, you can select PayPal's payment methods by selecting 'Change' under 'Payment Type'. 1 Check out with PayPal 2 Choose “Pay in 3” and complete your purchase. Speed through checkout quicker and easier with just an email address and password. With Pay in 4 and PayPal Credit 1, you can help customers buy what they need when they need it. Any remaining balance due after the 4-month promotional period or any transactions under £99 will be charged interest at 19.9% p.a. PayPal brings its 'buy now, pay later' offer to crowded Australia Back to video The U.S. payments giant now plans to bring its interest-free “Pay in 4” service to its more than 9 million customers in Australia, where regulation of the fast-growing space is thin compared to other consumer finance categories, while adoption is higher than other markets. We'll then run a credit check and if approved, you’ll have a credit limit linked to your PayPal account as soon as you accept your credit agreement. You can request repayment assistance if your finances are impacted by Covid-19. Mar.09 -- Andrew Toon, general manager of payments in Australia at PayPal Holdings Inc., discusses the payments giant's strategy for the market. If approved and you accept, you’ll have a credit limit attached to your PayPal account almost immediately. If you accept, we'll also use cookies to personalise ads. Start spending straightaway at thousands of online stores with PayPal Credit. Once you’ve signed up for a PayPal account, you can begin the application for PayPal Credit. Your customer sees their payment schedule. increase in average order value (AOV)3Businesses with pay-over-time messaging on their site saw a 56% increase in overall PayPal AOV.3. You can use it anywhere PayPal is accepted, but each use will require approval. How can I sign up for PayPal Credit? Click to find out more. You can apply for it if you don't already have the PayPal Plus Credit Card, eBay MasterCard, or PayPal Buyer Credit. Get the buying power to shop now. PayPal Credit is the convenient way to buy now, pay later. The great thing is you’ll automatically get 0% for 4 months every time you spend over £99. Get ready to grow conversion, revenue, and loyalty. What if I don’t have a PayPal account? To determine the size of your credit line we use the information you provide in the application form along with internal PayPal data and an external credit check. additional costsPay later offers are included in PayPal Checkout at no extra cost to you. Shop your way with Pay … 2Standard pricing applies. PayPal Credit is trading name of PayPal (Europe) S.à r.l. PayPal Credit is like a credit card without the plastic. 1PayPal Credit is subject to consumer credit approval. Mar.09 -- Andrew Toon, general manager of payments in Australia at PayPal Holdings Inc., discusses the payments giant's strategy for the market. If you continue to browse, we'll use cookies that make our site work, improve performance and customise your experience. With Pay in 4 and PayPal Credit1, you can help customers buy what they need when they need it. Give your customers the flexibility to buy now and pay later with PayPal's Pay in 4 interest free repayments. Once you're approved for PayPal Pay Later, it becomes a funding source in your PayPal account. Place your order, and you’re done – it's that easy. The application form takes minutes to complete. About Pay in 4: Loans to California residents are made or arranged pursuant to a California Finance Lenders Law License. PayPal will launch its buy now pay later option called ‘ Pay in 4’ in Australia in early June this year.. After setup, dynamic messaging will display the most relevant pay later offer to your customers. This example above illustrates the typical cost of using PayPal Credit as a standard funding method. Your details are never shared and PayPal Buyer Protection covers your eligible purchases. Whether you're buying the perfect gift or purchasing a new couch, you can get 6 months special financing on purchases of $99 or more every time you shop with PayPal Credit. And we take care of collecting the payments from your customers. Join the waitlist. Pay later options through PayPal, the brand they know and trust. PayPal Pay Later is an extension of credit for the amount of your purchase.