It's useful, but I signed up under the equivalent of Jo Doe rather than John Doe about a decade ago. I'm now having a terrible time getting paypal to process the name change of the account because they at some point assumed Jo was my legal name. Signing up to paypal credit makes them do a credit check against Jo Doe who doesn't really exist and I get denied.

Not strictly relevant but something that might affect others.

Successfully received £800 credit. Dunno what to do with this though

Oh and be careful when checking out as it will automatically choose paypal credit on every paypal order no matter the price. Just a heads up for those who don't want to end up putting something on credit they don't want to. :smiley:

I've found Paypal Credit useful for spreading the cost of Monarch flights as they don't have a surcharge on Paypal payments (whereas Monarch do charge extra for paying by Credit Card).

Successfully received £800 credit. Dunno what to do with this though

After I make a purchase above 150 GBP

- How will I setup payments which will end after 4 months?
- If there is no money in my Paypal account will the payment be pulled from my bank account just like it currently does for regular purchases?

great way to load your self with debt

May be of interest...

Warning! Don’t use PayPal to pay on a credit card

I am very tech savvy, thank you, and it's not an option to choose my bank card. I am not gullible in the slightest either. I used Paypal Credit to buy something this year and paid it back within 3 months (yes, 3 months is correct and my choice). It helped me buy something at the time that I didn't want to pay outright for, as I like to have money held back for a rainy day.

This or 25 month credit cards (which you seem to be praising) will lead any irresponsible person into debt. The time period for repayment is irrelevant. The company is irrelevant. People are responsible for their own decisions and actions.

Oh and it's 14.9% interest... same as a lot of credit cards. At least that is my interest rate given to me...

I've logged into mine. No such option to select my card for payment. Only have Paypal Credit, choose funding source or use wallet funds as default sources. I don't have my bank account linked to paypal, mainly because you give them the rights to take money when they want, should an eBay scammer decide to do a chargeback on you.

It's been 4 months interest free from the start for PP credit. It's clearly laid out that after this period you will pay interest. You can set up a direct debit to pay or pay online monthly. Frankly if you can't or don't think you can pay it off in four months then don't do it. It's simple, if people can't manage credit whatever the interest free period, then nothing you or I will say will stop them.

Don't blame the company, as I said adults make choices, some good, some bad. If PP were misleading people then that's a different matter, but they're not.

​Because I have a poor credit rating and I got it?

​That is where the problem lies. This one only gives only 4 months to pay back with no penalty and cannot transfer balance to another card after 4 months like normal credit card. So you are struck with the high interest rate unless you pay it back.

​Many people are not tech savy and gullible to fall for these debt traps.

​Not trying to put a spin but some of these promoted deals are masked advertising. Hope no one gets into debt trap or payday lenders by failing to pay for credit in time.

Why encourage others to get into debt for Christmas - really hate all these types of ads. When I want credit I will go to the internet and do a search for it. Its not a deal and not the cheapest credit card at all.

Mine has never defaulted to PayPal credit either. Always defaults to my bank account. Think people need to log into their PayPal accounts and set their defaults correctly.

Im not going to use it but I think its great and thanks for posting.
some people asume very often that if they know about a ^deal^ everyone do.
I do appreciate all post on HUKD

Well I'm out straight away is carers don't make decent money so my credit ratings pants but good deal If you can afford it

Did I say to use it? I was pointing out the incorrect statement I was replying to.

Everyone can use what they like as far as I'm concerned, adults make choices, some right, some wrong.

Don't put a spin on my comment.

Not exactly a deal

Nice deal shabbird. Heat added.

​Other credit cards can be used be same as well if linked to PayPal account. Ebay is very good for second hand items and PayPal very good for overseas purchases I agree but not for credit.

​What makes you think PayPal will give you credit without a good rating. That is why they do a credit check like everyone else. Their criteria is exactly the same. PayPal also charges £5 for printed statements while all credit card companies provide paper statements for free.

​Not everyone can get such good credit deals, you need to have a near perfect credit report. Many don't.

This sounds like Very BNPL, which I think is great but others moan about like crazy! Either way, good idea if you intend to clear the balance!!

​It's worth pointing out that this can be used for second hand eBay bargains - not many shops selling such things on the 'high street'. I've been using mine for a year or so, brilliant if used sensibly.

Hmm... wonder if there is a setting to change it. Thanks for that heads up. :smile:

Can't believe Paypal is getting heat. You should really have a look at paypalsucks.com.

And seriously people applying for credit then asking what they can buy now?! It's. Not. Free. Money!

Sounds quite good, better than most credit cards tbh, considering its 4 months for every purchase rather than in a set time limit, still havent checked out the paypal credit thing yet

Oh and be careful when checking out as it will automatically choose paypal credit on every paypal order no matter the price. Just a heads up for those who don't want to end up putting something on credit they don't want to. :smiley:

​So why not get a credit card with 24 months interest free purchases which can be accepted every where on high street not just those foreign or big merchants who offer PayPal.

I get what you're saying, but people shouldn't be racking up loads of debt they cannot afford to pay back for things like iPhones and TVs. They have a responsibility for their own actions too. Nobody points a gun to their head and tells them to do it. :smiley:

Imagine your partner loses his job or is sick, money is so tight. The kids are looking forward to Christmas you want to make them happy - then you see this - most of this country is now run on credit including the government so how to blame Joe Blogs when its in your face all the time. Many people are now going bankrupt just to wipe out debts they will never afford to repay - not because they have not tired but because the interest on credit is so high, latest ad on TV had over 1,000% interest - I checked it 3 times, of course its in the small print and aimed at those really hard up at there was a very small limit (think £500).

Surely people shouldn't be applying for credit if they can't be responsible with it?! :neutral_face:[/quote]

I'm not suggesting this as the only means of credit. Not sure why you think I am. :neutral_face:

Many retailers do not accept PayPal. What can you do about that? But all accept Visa and Mastercard credit cards.

Just got offered £4000 of credit after a very basic application that took about 30 seconds. Where is the catch here?

Some retailers do offer longer on purchases. Box.co.uk offers 12 months interest free for example. This is £150 interest free for 4 months on all purchases, but you can find better offers depending on the retailer. :smiley:

I would assume it's a credit check each time you add a fresh balance? So, yes again and again is feasible but it will hit your credit rating each time.

​Yes this is not a deal. Has been there for long time. Most big traders like Argos give 6 months credit for purchases. I love to buy things from abroad but not keen on getting credit from them. In America they offer PayPal credit card with very easy terms and long interest free payments but this side of the pond charge so high interest rate and only 4 months free Interest on purchases.

Ahh that old chestnut. You do realise it's a two-sided relationship, right? People only post deals if they're good and then they need other users to add heat.

So even if they don't post deals they may will be contributing.

Negative. 4 months run out very fast. There are so many credit cards like virgin, Sainsburys and tesco which allow interest free purchases for 24 months so why take a risk for 4 months when you can have flexibility of 24 months.

Thank you op, heat added :smiley:

I've found Paypal Credit useful for spreading the cost of Monarch flights as they don't have a surcharge on Paypal payments (whereas Monarch do charge extra for paying by Credit Card).

This has been around for like a year now, how is this now a new deal?? :laughing:
I use it all the time though, great if you want to buy something that's on offer a few days before payday.

I signed up and got £2800 credit right away! Used it to pay for a holiday to Copenhagen at Christmas and I have until end of March to pay interest free. Fantastic.

It's useful, but I signed up under the equivalent of Jo Doe rather than John Doe about a decade ago. I'm now having a terrible time getting paypal to process the name change of the account because they at some point assumed Jo was my legal name. Signing up to paypal credit makes them do a credit check against Jo Doe who doesn't really exist and I get denied.

Not strictly relevant but something that might affect others.

I wasn't cracking any jokes. Hope your day goes better buddy. You're clearly having a very bad one. :smiley: