If financing is accepted, complete the purchase. For the charges of the installments, you can use the balance you have available in your account or any card (both credit and debit) or bank account associated with your Paypal account.
The installments are paid as follows: the first payment is made at the time of purchase, and the rest (2) are paid in monthly installments spread over two months.
For example, for a purchase of €120, you will pay three installments of €40. The first is when Paypal accepts the financing, the second after 30 days, and the third and last one after 60 days.
You can see and manage the fees and amounts paid at any time and place from the Paypal app. To do this, access your Paypal account, click “Pay in 3 installments,” and then “Show upcoming payments.” In “Remaining” are the pending payment amounts. You can also see the fees already paid in the “Your activity” section.
BY FINANCING YOUR PURCHASES, YOU CAN ENJOY THE PAYPAL BUYER PROTECTION PROGRAM
Have you bought and financed a product with payment in 3 Paypal installments, and you have not received it, it does not match the description, or it is different from it? You can return the item without any problem and even receive the amount of the installment(s) that you have already paid. As simple as that!
PAYPAL HAS NOT ACCEPTED THE FINANCING OF THE PURCHASE. AND NOW THAT?
Don’t you see the option to pay in 3 installments? This means that you and/or the purchase do not meet the requirements to qualify for financing. Paypal reserves the right to grant or deny financing based on the buyers’ financial situation.
After selecting Pay in 3 installments, Paypal consults your financing request with a credit reference agency. If you decide not to approve the financing, you must choose another payment method. You do not have another option!
THIS IS WHAT HAPPENS IF YOU DO NOT PAY THE INSTALLMENTS ON TIME OR IF YOU CAN NOT PAY THEM
We told you about paying in 4 Amazon installments a few days ago. Well, today it is your turn to pay in 3 Paypal installments. This is a form of payment that will allow you to buy now and pay later at 0 interest and without commissions in thousands of online stores worldwide. Take advantage of it to change your smartphone and buy one of the five most anticipated mobiles that will arrive this 2022.
WHAT IS PAY IN 3 PAYPAL INSTALLMENTS
Pay in 3 Paypal installments is a financing method without interest or commissions of any kind that allows you to shop online safely, without worries, and comfortably from your home in thousands of online stores that accept payment with Paypal. For example, Ebay, Amazon, Aliexpress, and many more.
It allows you to divide the eligible purchases (between 30 and 2,000 euros) from your Paypal account into three installments. These are the requirements you have to meet to finance all your purchases:
- Being a natural person over 18 years of age;
- Resident in Spain;
- Have a personal Paypal account linked to a debit/credit card or confirmed bank account as a source of funds throughout the term of the financing.
This form of financing is only available for personal or individual (consumer) use. It is not intended for commercial or business use, so you cannot finance purchases related to your professional or business activity.
HOW TO FINANCE YOUR PURCHASES IN PAYPAL
Once you have all the items you want in the online store cart and the sum exceeds €30, you can finance the purchase with payment in 3 Paypal installments. It’s so easy!
The first thing to do is process the order and start the payment process. To do this, select Paypal as the payment method at the end of the purchase. You may need to sign in to your account with your email and password.
After this, enter the delivery address or ensure you have indicated the correct one and choose the option “Pay in 3 installments”. In just a few seconds, you will receive an answer. That is, you will know if you are granted or denied financing.
Although there are no associated commissions or surcharges for advance or late payments, paying in 3 Paypal installments is a credit that must be repaid. Once the financing is approved, you will sign a contract with Paypal. Signing this contract means that you agree and are responsible for complying with the conditions of this financing plan.
If you do not return the money financed for your purchases, Paypal will take legal action against you, such as suing you to recover the debt. Likewise, not paying the fees will carry great consequences.
You will encounter difficulties when it comes to obtaining other credits (not only from Paypal but also from third-party lenders), you will appear on lists of delinquents such as the ASNEF, and your credit history will suffer a considerable negative impact.
Remember! Before deciding to finance the purchase, consider whether you can do so or, what is the same, to pay the installments. If you want to cancel a purchase, you have 14 days after financing a purchase.
And you, have you already financed your purchases with payment in 3 Paypal installments? What do you think? Tell us in the comments how was your experience with this financing method.
I am a writer with eight years of experience writing in business and technology. I always carry a passion for learning and discovering new knowledge.