PayPal
PayPal Pay in 3
Pay an interest-free loan that lets you split your basket into 3 payments, with the first due at time of purchase and subsequent payments due every month on the same date. It’s a great way to spread the cost of larger items or to cover emergencies and is a helpful tool to manage your budget more effectively. Pay in 3 is unregulated credit agreement, so you will have fewer protections under this agreement than you would under a regulated credit agreement. Carefully consider whether the purchase is affordable and how you will make the repayments. Be aware of the possible impact of using Pay in 3 and of missing payments, including making other borrowing more difficult or more expensive.
Your plan will last 2 months in total. The first payment will be due at the time of purchase, followed by 2 further payments due each month after that.
The decision process is automated. PayPal assess your financial position using a combination of the information you provided in your application and information about your usage and history with PayPal to decide if PayPal Pay in 3 is suitable for you now.
They may also run a “soft” credit check when you apply if PayPal need more information to be able to make a decision. This search will only be visible to you and will not affect your credit score.
If you apply during check out and are declined for PayPal Pay in 3, you can still use PayPal to check out securely with your debit or credit card.
If you want to re-apply, you will be able to do so 35 days after your last application.
PayPal may run a “soft” search credit check when you apply if they need more information to make a decision. This will leave a mark on your file that can only be viewed by you and not by others. It is important that you are able to keep up your repayments and that you are comfortable that they are affordable.
You’ll see the link to the terms and conditions when you choose to apply for PayPal Pay in 3 at checkout, and you must read them before you submit your application. You will also have the option to download the terms and conditions.
Once your plan starts PayPal will send you an email containing important information about your PayPal. Pay in 3 plan, including how to locate your terms and conditions.
Yes, you can. As long as you see the option for PayPal Pay in 3 at checkout, you can choose a new PayPal. Pay in 3 plan. You’ll see all of your PayPal Pay in 3 plans in one place in your PayPal account under PayPal Pay in 3, including plans you completed in the past 12 months.
As soon as Argos has confirmed with PayPal that your cancellation/return has been accepted, PayPal will cancel any future scheduled payments as well as refund any amounts due.
Please check the PayPal contact us page for ways to reach them.
Yes, PayPal Pay in 3 is a separate feature from PayPal Credit. You can apply for Pay in 3, regardless of whether you have PayPal Credit. PayPal will assess your application for Pay in 3 on the basis of internal and sometimes external data. Any purchases made using PayPal Pay in 3 are visible in the Pay in 3 section of your PayPal Wallet, separate from any PayPal Credit transactions.
When applying for PayPal Pay in 3, PayPal may conduct a “soft” credit check if they need more information to make a decision. “Soft” credit checks are not visible to others, so have no impact on your credit file. However, they do share some data on your repayment history with Transunion. Although it does not impact your credit score, this data will be visible to other companies and may impact your ability to obtain credit from other lenders and the cost of accessing it. More information is available in our Pay in 3 Terms & Conditions.
When making a purchase with PayPal Pay in 3, if you pay with a debit card PayPal will place a preauthorisation hold on your chosen card for an amount equal to the initial payment or one third of your total purchase amount. This will show as a pending authorisation in your PayPal account activity and also in the bank account of the card linked to your PayPal account. Once you complete your purchase with PayPal Pay in 3 and Habitat ships your goods, the pending authorisation will be removed and the initial payment will be withdrawn from your card. If you do not complete your PayPal Pay in 3 transaction, the pending authorisation will be automatically voided by PayPal within 24 hours of the pre-authorisation hold.
PayPal Credit is like a credit card, without the plastic. It’s a credit limit that’s attached to your PayPal account which you can use for your online purchases. If your application is successful, PayPal Credit will be available as a funding source within your PayPal wallet and can be used for purchases on Habitat.co.uk. You can make purchases in the same way as you would with a normal credit card, by choosing PayPal Credit as your funding source at checkout.
Applying for PayPal Credit is easy. Simply complete the short application form at checkout and if approved and once you accept the Credit Agreement, you’ll have a credit limit linked to your PayPal account almost straight away.
Before applying, ensure you:
• Are a UK resident aged 18 years or older
• Have a good credit history
• Have not recently been declared bankrupt
• Are employed and have an income greater than £7,500 per year
The application form takes minutes to complete. PayPal will then run a credit check and if approved, you’ll have a credit limit linked to your PayPal account once you’ve accepted your credit agreement. This approval process will only take a few seconds and then you’re ready to go. There can be a time lag between approval and when you can view your PayPal Credit account online but this should update within a few days.
You can contact PayPal Customer Services to change your business account to a personal account to apply for PayPal Credit. Alternatively, you can create a new personal account to apply.
The first stage of the PayPal Credit application process will ask you to sign into your PayPal account or offer you the opportunity to sign up for one. Once you’ve signed up for a PayPal account, you can begin the application for PayPal Credit. Signing up for a PayPal account is free and easy; all you need to do is provide your email address, create a password and accept the User Agreement.
During the credit offer period, the 0% balance is included in calculating your monthly repayments. You must make your minimum monthly payment or your 0% offer may be removed. Any remaining balance due after the offer period will be charged interest at your standard variable rate.
If you're finding it difficult to make a payment, please call the PayPal Credit customer service team on 0800 368 7155 and they will do their best to help you. The organisations below should also be able to answer your questions and suggest suitable courses of action:
Citizens Advice:
• England and Wales www.citizensadvice.org.uk
• Northern Ireland (Advice NI) www.adviceni.net
• Scotland (Citizens Advice Scotland) www.cas.org.uk
Alternatively:
• Payplan: call 0800 917 7823 or visit www.payplan.com
• StepChange Debt Charity: call 0800 138 1111 or visit www.stepchange.org
• National Debtline: call 0808 808 4000 or visit www.nationaldebtline.org/
You can keep track of your PayPal Credit activity and history by logging in to your PayPal account and selecting PayPal Credit.
1. Login to your PayPal account on your desktop and select PayPal Credit
2. Select "See statements"
3. You can view all statements online as well as download them as PDFs
PayPal will email you monthly to let you know when your latest statement is ready to view.
If you're late with a payment, PayPal will charge you a late payment fee of £12. You'll be charged a return payment fee of £12 if you have insufficient funds to cover the payment. We also charge a fee of £5 if you request a printed copy of a previous statement. For more information on how these fees apply, please refer to the Credit Agreement.
PayPal will automatically send you monthly email reminders 5-15 days in advance of your payment due date. In order to receive these reminders, ensure the correct email address is linked to your PayPal account.
Payments will reflect on your PayPal Credit account the same day you make them, however, will show as pending. It can take up to 5 working days for the funds to leave your bank account and be applied to your PayPal Credit account.
Yes, you can for the 0% interest offer. Simply add it to your basket and checkout.
If you want to make a complaint about PayPal Credit, please refer to the PayPal Credit Customer Service team on 0800 368 7155.
In case of suspected fraud please contact the PayPal Credit Customer Service team on 0800 368 7155.
The PayPal Credit payment will still be due according to the repayment terms, as PayPal Credit is a separate transaction from your order with the Habitat. If the issue is resolved by a refund or exchange, the corresponding payment will be refunded to the customers PayPal Credit balance.
These will not work for the initial launch, but it is something that will be explored in the future.
You can return the goods to receive the refund, if eligible, direct to your PayPal Credit account. The refund will be displayed in the amount you paid in GBP.
The time it takes to receive a refund on a PayPal Credit purchase depends on a few factors, such as Habitat’s refund process and PayPal's own handling times.
Once Argos processes your refund, usually within 14 days. PayPal typically reflects the transaction within 3-5 business days. The exact timing depends on the Habitat’s refund policy.
PayPal Credit Refund Processing: After the refund is issued, PayPal Credit may take up to 5 working days to apply it to your account. Once applied, the credit will reduce your outstanding balance or appear as a credit if no balance is owed.
Yes, you can repay your PayPal Credit order early without any penalties. PayPal allows customers to make additional payments or pay off the full balance before the end of the interest-free period. This flexibility can help you avoid any interest charges that may apply after the promotional period ends.