PayPal Credit: Change in Financing Policy as of July 2, 2018
We're happy to be able to offer financing of our software through the PayPal Credit service. As of July 2, 2018, Synchrony Bank became PayPal’s bank partner for the PayPal Credit service. This partnership ushered in some changes to PayPal's financing policy. Here's the scoop:
Previous offer:
No payments + no interest if paid in full in 6 months on purchases of $99 or more.
New offer (effective July 2, 2018):
No interest if paid in full in 6 months on purchases of $99 or more.
What does this new PayPal Credit policy mean for you?
- You’ll still have the ability to buy our software now and pay over time through PayPal Credit.
- For purchases made on or after July 2, 2018, you’ll need to make monthly minimum payments if you have a balance on your PayPal Credit account.
- However, you’ll still accrue no interest if you pay your balance in full within 6 months of your purchase.