Quick Answer: Why Can’T I Pay With My PayPal Credit?

How long do you have to pay on PayPal credit?

You will be charged interest if you don’t pay the balance in full within 6 months..

How do I pay with my PayPal credit?

Make a PaymentLog into your PayPal account and select PayPal Credit.Select “Set up a direct debit payment”Choose how much you want to pay each month and from which bank account.

Can I pay anyone with PayPal credit?

You can now send money with PayPal Credit. It’s easy—simply log in to PayPal.com and select the Send Money tab. Enter the recipient’s email address or phone number, amount, and transaction type. Click Change to select PayPal Credit as your payment method, then confirm your payment details.

What makes you eligible for PayPal credit?

Applying for PayPal Credit When you apply for PayPal Credit, you’ll be asked to provide your date of birth, your income after taxes, the last 4 digits of your Social Security number, and agree to the Terms and Conditions. You’ll know within seconds if you are approved.

Can you withdraw cash from PayPal credit?

You need cash but your bank account is running low, so you take a cash advance from your credit card. … However, there’s a very important caveat with PayPal Credit’s cash advance feature: You cannot take out cash for yourself or advance money to your own account; you can only send money to friends and family.

What credit score do you need for PayPal credit?

700The minimum PayPal Credit Card credit score required is 700, which is good credit. As long as you have at least good credit, you should qualify for the PayPal Credit Card. If you use PayPal and eBay a lot, or like to eat at restaurants, it’s worth the hard inquiry.

Can you go into overdraft on PayPal?

Because PayPal is an online money management service and not a bank, it does not overdraft your account. However, as a PayPal customer, you have the option to link your PayPal account to one of your bank accounts. You can then use that bank as a backup funding source for your regular PayPal account.

What happens if you can’t pay PayPal credit?

Like any credit card, PayPal Credit will charge you for late payments. … Currently, a customer service rep explained on the phone, PayPal doesn’t report your credit activity to the credit bureaus after the initial inquiry to set you up, which means your activity on this line of credit doesn’t affect your credit score.

Can I pay Amazon with PayPal credit?

While Amazon does not directly accept PayPal payments, there are workarounds that allow you to use your PayPal account to buy things from Amazon. The process of using a PayPal balance to shop with Amazon is at least a two-step process and may require a few days of patience, so plan ahead.

What is the maximum PayPal credit line?

Is there a limit to how much money you can spend with PayPal Credit? Like other lines of credit, how much you can qualify for depends on your individual credit and circumstances. Lines of credit can be anywhere from $250 up to $20,000, says Schmidt.

How do I access my PayPal credit account?

Managing your PayPal Credit account is easy. Access your PayPal Credit account at any time. To manage your account on the go, download the PayPal mobile app. Monitor your transactions and check your balance 24/7.

How long do you get to pay back PayPal credit?

Like a credit card, if you pay your balance within a set period, you don’t get charged interest. For purchases above £99, however, this interest-free period shoots up to four months; you just need to make minimum repayments.