How does PayPal’s interest-free payment plan work?

You can opt for PayPal’s instalment scheme and spread out the cost of your purchase. You will pay the first instalment at the time of purchase and the subsequent ones every 30 days. Each payment will be automatically deducted from your PayPal account on the set date by charging the repayment method of your choice (credit card, debit card or valid stored-value card) or a confirmed bank account linked to your PayPal account. PayPal will warn you in advance about the amount due to be repaid and remind you about the set payment date. No interest is accrued nor are arrears incurred when you choose to use this service. PayPal is entitled to check your creditworthiness when you submit a request for funding. You must be absolutely certain that you can pay back the loan you have taken out with PayPal. You have entered into a legal contract in which you are the borrower. If you do not honour your debt with PayPal, this could negatively impact your credit score. The purchase-amount limits go from a minimum of €30 to a maximum of €2,000. When you access your PayPal account, you will find all the information you need about all pending payments, amounts due for upcoming payments and the overall outstanding amount due for repayment. If you have any doubts about your payment instalments, please get in touch with the PayPal Customer Support Service. Check out the link below (https://www.paypal.com/digital-wallet/ways-to-pay/buy-now-pay-later) for further information.