Be prepared for the unexpected with payment security.

Don’t wait for life to happen to help safeguard your finances. Protect your PayPal Credit account balance with optional Payment Security.

Proactive planning can pay off.

There’s no telling what tomorrow brings – that’s why there’s Payment Security. This optional purchase can cover your minimum monthly payments or entire balance up to $10,000 of your PayPal Credit account balance in the case of a qualifying event. Terms apply.*


Get coverage for qualifying life events.


Leave of absence



Nursing home stay

Loss of life

Terminal illness

The cost of protection.

For $1.66 per $100 of your PayPal Credit account’s ending monthly balance,
Payment Security could provide the coverage you need.​​

Ending Monthly Balance

Fee for That Month

Fees will vary each month based on your ending account balance.

Purchase optional Payment Security today for peace of mind tomorrow.


Payment Security FAQs

Can Payment Security help me if I am self-employed, am a contract employee, or have my hours reduced?

Yes. Job loss and leave of absence benefits depend on your job type. You must have a full-time, year-round job to qualify for full balance cancellation. Seasonal or part-time jobs only qualify for cancellation of up to 6 months of minimum payments.

Don’t have PayPal Credit?

PayPal Credit takes the stress out of large purchases by giving you the flexibility to buy now and pay over time with No Interest if paid in full in 6 months on purchases of $99 or more.

Interest will be charged to your account from the purchase date if the balance if not paid in full within 6 months. Minimum monthly payments required. Subject to credit approval. See terms.

Apply Now

To purchase Payment Security, you must have a PayPal Credit account.

*Eligibility requirements, conditions, and exclusions apply. Read the Payment Security Program Agreement for details.

Important information about PayPal Credit:

  • Subject to credit approval. The PayPal Credit Account is issued by Synchrony Bank and is available to US customers who are of legal age in their state of residence.
  • No Interest if paid in full in 6 months on purchases of $99 or more. Interest will be charged to your account from the purchase date if the balance is not paid in full within 6 months.
  • A minimum monthly payment is required and may or may not pay off the promotional purchase by the end of the 6-month period.
  • For New Accounts: Variable Purchase APR is 28.49%. The APR is accurate as of 3/1/2023 and will vary with the market based on the Prime Rate (as defined in your credit card agreement). Minimum Interest charge is $2.00. Existing accounts: See your PayPal Credit Account Agreement.

Click here for current PayPal Credit Account Terms and Conditions.

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