Hi
I recently pre-ordered the new Samsung Galaxy S20 Ultra off the Samsung website and I applied to Paypal Credit and got accepted. I agreed to pay using Paypal Credit and I selected the finance option to pay over 24 months at £45 a month with 0%interest when I was redirected to Paypal.
As I am new to Paypal Credit I have no idea how it works. I can see that a sum has been deducted from my Paypal account for the phone which is still at "authorisation" but has not yet been added to my outstanding balance (of course), but how will the repayments work? Does Paypal automatically charge me £45 a month for 24 months?
My account is currently set to pay off the full balance of each statement each month. Do I assume this will pay for the entire phone upfront after a month or does this mean I'll pay the £45 a month? Alternatively, do I need to set my payments to minimum amount?
Thanks
