When making a purchase with Pay in 4, we will conduct a pre-authorisation hold on your payment method for an amount equal to the initial repayment or one-fourth of your total purchase amount. This will show as a pending authorisation within your PayPal Account Activity and at your financial institution or bank.

Once you complete your purchase with Pay in 4 and the merchant completes your order, the pending authorisation will be removed, and the initial repayment will be withdrawn from your specified payment method.

If the merchant does not complete your order within 72 hours, the authorisation will be voided and there will be a new authorisation for the first payment only when the purchase is completed by the merchant.

If you do not complete your Pay in 4 transaction, the pending authorisation will be automatically voided by PayPal within 72 hours of the pre-authorisation hold. Although PayPal has released the hold on your funds, this may take up to 5 business days to process through your financial institution or bank.