How it works
At a PayPal checkout, choose Pay Later. Pay in 4 splits purchases from $30 to $1,500 into four interest-free payments every two weeks. Pay Monthly covers bigger purchases over longer terms.
What it costs
Pay in 4 has no interest and PayPal doesn't charge late fees on it. Pay Monthly carries interest at an APR that depends on your credit; PayPal shows it before you accept.
Credit checks and reporting
Pay in 4 may involve a soft check, which doesn't affect your score. Pay Monthly approval depends on a credit review.
Good to know
Everything lives in the PayPal app you may already have, and it works anywhere PayPal checkout is offered.
Terms checked October 2026. Services change their terms, so the terms shown at checkout are the ones that count.