Pay Monthly is a way to spread the cost of qualifying purchases between $199 - $10,000 USD into fixed monthly payments over terms ranging from 6 to 24 months, available to eligible customers during online checkout.

Pay Monthly is an interest-bearing installment loan issued by PayPal’s bank partner, WebBank, with a fixed APR ranging from 9.99% - 35.99 % based on creditworthiness. Lower APRs may be offered as a promotion from time to time and are subject to eligibility and the terms of the offer.

Pay Monthly isn’t available for certain merchants and goods. New and existing PayPal customers can take advantage of Pay Monthly (eligibility varies by user, state, merchant, etc.).