What is Pay in 4 and how does it work?
Pay in 4 is a new PayPal pay later option that allows you, as a merchant, to get paid up front while your customers pay for their purchase over about a six-week period. Pay in 4 allows customers to pay for their purchases in 4 interest-free payments with the down payment due at time of purchase. It is available on qualifying purchases of $30 to $600. When a customer is shopping online and pays with PayPal, they will see Pay in 4 as one of the available payment methods on eligible transactions. Once they apply and are approved, they can finish checking out. The customer’s down payment will be due at the time of the transaction and 3 subsequent payments will be due every 15 days thereafter. You, as a merchant, will get paid up front.