PayPal Credit is a form of credit that you can use to purchase items online. You’ll need to have enough credit to make the purchase, but PayPal will increase your credit limit if you’re denied. The service is available at online stores that accept PayPal and offers six months of interest-free payments for purchases. To avoid paying interest, make sure to pay in full by the end of the six months. To apply, visit PayPal’s website or download its app.

To use PayPal Credit, you’ll need to have a PayPal account. PayPal does not hold its customers liable for unauthorized purchases. However, it will reimburse you for any unauthorized purchases if you report them within 60 days. When you do receive an email, pay close attention to the content of the message, as it can contain valuable information. If a purchase doesn’t arrive as expected, report it immediately and ask the recipient to return it.

PayPal Credit is useful if you frequently make purchases on eBay. You can also use it to finance one-time purchases. However, it’s best to use PayPal’s other products, such as prepaid cards, if you want to earn rewards. You can’t use PayPal Credit to make purchases offline, but it can be useful if you don’t have the money to pay for everything in full. It’s not a good idea to use PayPal Credit if you’re already deep in debt or can’t stop your online shopping spree.

Another advantage to PayPal Credit is that it can be a great way to avoid paying interest. If you don’t pay off your balance before the end of the promotional period, PayPal will charge interest and bill the amount to your account along with your purchase. You can use PayPal credit for purchases online, and there’s no annual fee to use the service. However, you’ll need to pay late fees when you miss payments, which can be up to $35.

When using PayPal Credit, you can make standard purchases, cash advances, and promotional purchases. Standard purchases, on the other hand, are not subject to promotional repayment terms or APRs. PayPal Credit is ideal for online shopping and small purchases, and it can be used for most online stores that accept PayPal. To use the PayPal credit, you must first open an account and select it as your payment method. You can even set it as your default payment method. It all depends on your personal needs and how you use the credit.

Once you have a PayPal Credit account, you can spend it anywhere that accepts PayPal. It is important to note, however, that a PayPal account cannot be transferred to another card. If you fail to pay the balance in six months, PayPal will transfer the debt to a collection agency, which could have negative impacts on your credit score. When building a credit profile, you should keep in mind that a high utilization rate will negatively impact your score.