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How we make money. Simply Put: PayPal Credit is a payment option you can access through your PayPal account. It’s a built-in, revolving digital credit line with no annual fee that lets you pay right away, or over time. The difference with this payment method is that account holders are granted special financing for purchases of $99 or more. Best Real Money Online Casinos that accept PayPal in the U.S 2021 PayPal is one of the internet’s most used payment processors and of the best casino payment methods. As a result, MANY top online gambling casinos in New Jersey & Pennsylvania and other jurisdictions accept this payment option for casino transactions. Get Free PayPal Money Fast and Easy. Before you earn any money and rewards, you would need to create a free and easy PayPal account. By the way, between the three online sites below like Survey Junkie, Survey Club, and Swagbucks, I don’t think of a reason you couldn’t make money instantly out of them. PayPal Credit, formerly named Bill Me Later, is a proprietary payment method offered on the websites of many well-known merchants, including those of Wal-Mart, Home Depot, USPS, eBay, B&H Photo Video, Best Buy, Overstock.com, JetBlue Airways, Liquidation Channel, Jewelry Television and Hotels.com. The site, which offers consumers a line of revolving credit through Synchrony Bank, allows purchases to be.

I’m sure you’d agree that PayPal is a juggernaut in the financial services industry. Located in the heart of Silicon Valley; they’ve been around nearly 20 years, have $46 billion in assets, and 277 million users.

They’re like the classic sitcom Cheers – everybody knows their name.

PayPal offers customers a simple, easy-to-use online payment alternative. Gone are the days of surrendering your personal information when making a purchase. Their app lets you buy, sell, or send, any way you want, to anyone, anywhere.

Customers gain access to a multitude of payment options, including credit cards, debit cards, and prepaid cards. They even offer a digital credit line – PayPal Credit.

And right now, PayPal Credit is currently offering special financing for purchases of $99 or more with no interest if paid in full in six months. Buy now and pay over time with no annual fee.

That caught our attention.

We’re going to take a look at what PayPal Credit is, how to use it, and if it makes sense for you.

A PayPal Credit Comparison

PayPal Credit
Cash Back

Sign-Up Bonus
N/A

Annual Fee
$0

Bonus Point Rate
N/A

Point Redemption
N/A

APR
25.49%

Extra Features

N/A

Chase Sapphire Reserve
Travel Rewards

Sign-Up Bonus
50,000 points
spend $4k in 3 months

Annual Fee
$550

Bonus Point Rate
3x points on travel after earning the travel credit and dining
1x points on all other purchases

Point Redemption
$0.015 single point value per dollar spent when redeemed through Chase

APR
Variable APR 18.49%-25.49%

Extra Features

$300 annual travel credit, up to $100 Global Entry/TSA Precheck credit with Sapphire Reserve
Priority Pass Select Membership to over 1,300 lounges worldwide

Chase Sapphire Preferred
Travel Rewards

Sign-Up Bonus
60,000 points
spend $4k in 3 months

Annual Fee
$95

Bonus Point Rate
2x points on travel and dining
1x points on everything else

Point Redemption
$0.0125 single point value per dollar spent when redeemed through Chase

APR
Variable 17.49%-24.49%

Extra Features

N/A

PayPal Credit 101: What It Is

PayPal Credit (formerly known as Bill Me Later) is a payment option you can access through your PayPal account. It’s a built-in, revolving digital credit line with no annual fee that lets you pay right away, or over time. Obtaining your digital credit line is subject to approval (like applying for a credit card), but results are delivered instantly.

The difference with this payment method is that account holders are granted special financing for purchases of $99 or more. If you’re in the habit of paying by credit card, PayPal Credit might make sense.

What Does Special Financing Entail?

You get no interest if paid in full in six months on every PayPal purchase of $99 or more. For folks who like the option of spreading out their payments, this might compliment your style. However, interest will be charged to your account from the purchase date if the balance is unpaid.

PayPal Credit

PayPal Credit is payment option accessed through your PayPal account. It's a revolving, digital credit line with no annual fee, letting you pay immediately or over time. Users gain special financing on purchases of $99 or more.

What’s the Interest Rate?

A 26.24% variable APR (as of 03/01/2019) is given to all new accounts. This value will fluctuate with the market based on the Prime Rate. In cases of smaller unpaid balances, the minimum interest charge is $2.00.

Your balance is calculated using the average daily balance method. What’s that?

It’s your average daily balance multiplied by your daily periodic rate multiplied by the number of days in your billing cycle. It looks like this:

Daily Balance x Daily Periodic Rate x Days In Billing Cycle = Average Daily Balance Method!

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***The average daily balance method applies to all new purchases and cash advances.For a detailed explanation of how to calculate your average daily balance, click here.

Applying for Paypal Credit is easy. You’ll answer a few questions:

***Synchrony Bank issues all PayPal Credit accounts. PayPal is the middleman, not the lender.

Date of birth
After-tax income
Last four digits of your social security number
Agree to their terms and conditions.

You’ll get a credit decision in seconds, and if you’re approved, you can start using your PayPal Credit account to shop everywhere PayPal is accepted. It automatically shows up as a payment option on all future purchases within your account when you checkout.

PayPal isn’t the lender.

Qualifying applicants must be of legal age (18) in their state of residence and a U.S. citizen.

Using Paypal Credit

PayPal Credit works anywhere PayPal is accepted. When checking out on the app, choose PayPal Credit as your buying option, and presto – payment handled.

The “$99 or more” special financing offer applies to a single transaction – not a single item. For example, let’s say you have two things:

One costs $50
The other costs $49

As long as the total transaction amounts to $99, you qualify for the promotional financing.

You can also make PayPal Credit your preferred payment option within the app. Check the box that asks “what’s your preferred method of payment,” and PayPal handles the rest.

How It Works

Their current promotional finance offering is:

No interest if paid in full in 6 months on purchases of $99 or more.

You get the option to pay no interest for six months as long as you pay in full by the end of the promotional term. Pay off your balance. Why?

Because interest gets charged to your account from the date of purchase. After six months roll by, that can add up to a substantial amount depending on your balance. You’re also required to make minimum monthly payments to avoid late charges.

Does Sending Money Qualify for Special Financing?

You can use PayPal Credit to send money; however, special financing offers don’t apply. Clicking the “Send Money Tab” will charge you a fee. How much?

When choosing PayPal Credit as your payment method, you’ll be charged a 2.9% flat fee plus $0.30 per transaction.

***This figure is already tallied into your payment total.

This is the same fee you’re charged when using your debit card or credit card to send money.

I’m sure you’d agree that PayPal is a juggernaut in the financial services industry. Located in the heart of Silicon Valley; they’ve been around nearly 20 years, have $46 billion in assets, and 277 million users.

A PayPal Credit Comparison

PayPal Credit 101: What It Is

What Does Special Financing Entail?

What’s the Interest Rate?

Using Paypal Credit

How It Works

Does Sending Money Qualify for Special Financing?

A Warning: Calculate Your Minimum Monthly Payment to Avoid Finan

Is Paypal Credit Real Money