Pay pal credit interest

[Jade183]

Hi, ive just opened paypal credit. If i pay the money off straight away will i be charged any interest? Also once balance is clear can i close the account down?

[sharpiemarker]

@Jade183 

Yes and yes.

See Payment Allocation section for US PayPal Credit:

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

For UK PayPal Credit (see faq #6):

https://www.paypal.com/uk/webapps/mpp/paypal-virtual-credit/faq#getstarted