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Interest

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Interest

This may be a silly question but is there a 56 day period of having no interest applied to each transaction, before interest is applied?

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Esteemed Advisor

Re: Interest

@KieranT 

 

These are the financing offers PayPal Credit provides:

https://www.paypal.com/us/smarthelp/article/what-types-of-promotional-financing-does-paypal-credit-o...

https://www.paypal.com/us/smarthelp/article/FAQ2878

 

Or are you asking if there is an additional delay of 56 days or a grace period before interest is applied on the 6 month no interest offer?

I highly doubt it if the offer is already 6 months to pay in full.

 

"Deferred Interest Purchases do not have a Grace Period. However, you can avoid paying interest on a Deferred Interest Purchase by paying the balance in full by the Expiration Date. If you do not pay the balance in full by the Expiration Date, you will be charged interest from the purchase date."

 

https://www.paypal.com/us/smarthelp/article/how-do-i-avoid-paying-any-interest-on-purchases-i-make-u...

 

https://www.paypal.com/us/webapps/mpp/bmlterms/


Kudos & Solved are greatly appreciated. 🙂
1 REPLY 1
Esteemed Advisor

Re: Interest

@KieranT 

 

These are the financing offers PayPal Credit provides:

https://www.paypal.com/us/smarthelp/article/what-types-of-promotional-financing-does-paypal-credit-o...

https://www.paypal.com/us/smarthelp/article/FAQ2878

 

Or are you asking if there is an additional delay of 56 days or a grace period before interest is applied on the 6 month no interest offer?

I highly doubt it if the offer is already 6 months to pay in full.

 

"Deferred Interest Purchases do not have a Grace Period. However, you can avoid paying interest on a Deferred Interest Purchase by paying the balance in full by the Expiration Date. If you do not pay the balance in full by the Expiration Date, you will be charged interest from the purchase date."

 

https://www.paypal.com/us/smarthelp/article/how-do-i-avoid-paying-any-interest-on-purchases-i-make-u...

 

https://www.paypal.com/us/webapps/mpp/bmlterms/


Kudos & Solved are greatly appreciated. 🙂