Hey guys. I was thinking of periodically making $500 and then paying it off over 6 months but I’m a little confused on how the payment for PayPal works. Does PayPal Credit automatically split the purchases into 6 equal payments for you or do you have to do that yourself? And if not, do you get 6 billing cycles to pay it off or exactly 6 months
When you purchase something with PayPal Credit, it will put it under Special Financing Purchases and show you the date the promo ends. You have until that date to pay it all off, or else you get charged the interest, and it'll show you how much interest as well. It doesn't split the purchase into equal payments, but rather just calculates your minimum payment and shows that. You can choose to make however many payments you want, but you just need to pay it off before that expiration date.
Also, if you made multiple purchases and have multiple special financing promotions going on at the same time, whatever payment you make will go towards the minimum payment first, then all that plus whatever else you paid gets put towards the purchase that will expire first. Then once that's paid off, the payments will go towards the next purchase. Hope that isn't too confusing.
Also is it possible to move purchases from the Paypal Mastercard to Paypal credit or are they kept strictly apart?
