Making "Extra" Pay in 4 Payments - What happens next?
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I want to make a large purchase using PayPal Pay in 4. I'd like to pay more upfront since I have the cash on hand.
Here's a scenario: I make a $1,000 purchase using Pay in 4. Naturally, my payments would be 4 payments of $250/ea. Let's say I want to make an "extra" payment of $250 on day two of my plan, which means technically the remaining balance is $500. What happens next?
A - Remaining balance of $500 is paid out in three equal payments. Payment 2 @ $166.67, Payment 3 @ $166.67, Payment 4 @ $166.66
B - Remaining balance of $500 is paid out as originally as scheduled, ending early (no scheduled 4th payment required since total balance is paid off). Payment 2 @ $250, Payment 3 @ $250.
I tried reading through the terms, but the answer is not clear. Anyone experienced this who can shed some light?
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Pay in 3 | Pay in 4
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Hi @N1ceMarm0t,
Welcome to the Community!
With PayPal Pay in 4, you make always make extra or unscheduled payments.
Just log into your PayPal account, choose the PayPal Pay in 4 plan you want to pay off, and click Make a Payment. Then, you can make an unscheduled payment of Next Payment Due or Full Balance.
Hopefully, this answers your question.
PayPal_Craig
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