PayPal Credit and Pay Later

PayPal Pay Later offers your customers quick access to financing, so they can buy now and pay over time, at no additional cost to you. You are not charged when customers choose PayPal Credit options, and you pay only your normal PayPal transaction fee. To learn more, see the PayPal website.

Give your sales a boost when you advertise financing. PayPal helps turn browsers into buyers with financing with PayPal Pay Later. Your customers can pay over time, while you get paid up front—at no additional cost to you. Use PayPal free banner ads to advertise PayPal financing as a payment option when your customers check out with PayPal. The PayPal Advertising Program has been shown to generate additional purchases and increase average purchase sizes by 15% or more.

You can easily add free, ready-made banner ads to pages of your site and the PayPal Credit button to your shopping cart during checkout to remind your customers that financing is readily available.

Starting with the 2.4.3 release, PayPal Pay Later is supported in deployments that include PayPal. This feature allows shoppers to pay for an order in bi-weekly installments instead of paying the full amount at time of purchase. The PayPal Credit experience is deprecated.

Payment methods that can use PayPal Credit / PayPal Pay Later

For US merchants, PayPal Credit is enabled by default for the PayPal Express Checkout payment option. To disable it for this payment method, see the Features section of PayPal Express Checkout configuration.

PayPal Credit is disabled by default for the other PayPal payment solutions, but can be enabled in the payment method configuration:

Important: Before you configure PayPal Credit or PayPay Pay Later for your store, make sure it is enabled in your PayPal Merchant Account.