PayPal Credit

PayPal Credit, formerly known as Bill Me Later, is a digital line of credit offered by Synchrony Bank through the PayPal platform. Launched as an integrated financing solution within the PayPal ecosystem, PayPal Credit provides users with a revolving line of credit that can be used anywhere PayPal is accepted online. This seamless integration with one of the world's largest digital payment platforms makes PayPal Credit a convenient financing option for millions of consumers who regularly shop online. Unlike traditional credit cards that require physical cards and separate applications, PayPal Credit is designed to work within the existing PayPal checkout experience, creating a frictionless financing experience for qualifying customers.

What distinguishes PayPal Credit in the digital financing landscape is its unique combination of convenience, promotional financing offers, and widespread acceptance. The application process is integrated directly into the PayPal experience, with instant decisions that allow approved users to begin using their line of credit immediately. One of the most attractive features is their promotional financing offer, which typically provides no interest if paid in full within 6 months on purchases of $99 or more—a significant benefit for consumers making larger online purchases. Additionally, because PayPal Credit works anywhere PayPal is accepted, users gain access to a vast network of online merchants across various categories including retail, travel, digital services, and subscription platforms.

PayPal Credit is particularly valuable for frequent online shoppers, offering lines of credit that can reach up to $20,000 for well-qualified borrowers, though initial credit limits may be more modest. The service charges no annual fee, making it an economical option for users who pay their balances in full or take advantage of promotional financing periods. For consumers who prioritize digital shopping experiences and value the convenience of an integrated payment and financing solution, PayPal Credit offers a compelling alternative to traditional credit cards. The standard variable APR is comparable to many credit cards, and the service includes typical credit features like account management tools, fraud protection, and regular reporting to credit bureaus. This combination of digital integration, promotional financing, and widespread acceptance has made PayPal Credit a popular financing option for online purchases across a diverse range of product categories and price points.