H all,
I have and use PayPal credit - with about £250 remaining in my limit. I have been offered significantly more by PayPal (around a further increase of £2000 to my current limit) but chose to not take it as I don't need it.
However, I just bought a new bike and opted to spread the cost with a PayPal finance agreement that the store offers, which is 0% interest over 12 months. The bike is around £600.
How does this work with PayPal? Will my Credit Limit automatically be raised an extra £350 (the remaining £250 plus the extra 350), an extra £600 added to my upper limit but with the £250 still available, or is it managed entirely separately? Or, because this is beyond my agreed limit, will it be declined?
Any advice is useful. I just want to understand how it works, thanks
