Hi. I was wondering if anyone could fill me in how to calculate the minimum payment due on my PayPal Credit balance? I've seen the article on it, but I am struggling to understand what it means:
"Assuming you had the following transactions on your account:"
| Instalment offer | Standard balance | 0% for 4 month balance |
| £600 at 0% interest, spread over 6 months | £300 | £100 |
| The minimum repayment for each component would be calculated as follows: |
| £100 | 2% of £300 = £6 | 2% of £100 = £2 |
| Your minimum repayment would be £100 + £6 + £2 = £108 |
I am paying back £1,323.99 over a 4 month interest free time period.
Thanks! Will be grateful for any reply!
