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

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Pay in 4 and the merchant completes your order, the pending authorization will be removed, and the down payment will be withdrawn from your specified payment method.

If the merchant does not complete your order within 72 hours, the authorization will be voided and there will be a new authorization for the down payment if the purchase is later completed by the merchant.

If you do not complete your Pay in 4 transaction, the pending authorization will be automatically voided by PayPal within 72 hours of the pre-authorization 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.