In the last few years, buy-now-pay-later platforms and functions have become extremely popular. PayPal Credit and PayPal Pay in 4 are two of the company’s buy-now-pay-later options.
As a result, you may be perplexed as to why PayPal Pay in 4 is not available on your account. Here’s what I found out about PayPal Pay at 4 p.m.!
In 2022, why won’t “Pay in 4” appear on PayPal?
PayPal Pay in 4 may not appear on your PayPal account for one of two reasons. Because PayPal may have already done a “internal check” on your account, and decided not to offer it to you yet, this is the first reason why. Second, Pay in 4 isn’t yet available in every state. In spite of this, PayPal is currently working to expand this option.
For more information on how PayPal Pay in 4 works, which states it is not available in, and more, please continue reading!
What’s Wrong With PayPal Pay in 4?
Pay in 4 is currently only available to a select group of PayPal customers in the United States. The good news is that this number is steadily rising! The state in which you reside has an impact on the pay in 4 availability.
Missouri, New Mexico, Nevada, North Dakota and Wisconsin are currently the only states where Pay in 4 is not currently available.
PayPal’s Pay in 4 services will not be available to residents of these states or territories for the time being.
PayPal may have already performed a “internal check” on your account if you live in a state where Pay in 4 is available, but you don’t see the feature.
As a result of this investigation, PayPal may have concluded that you are not a good candidate for their service.
Do You Know How to Use Pay in 4?
You can divide your purchase into four installments with PayPal Pay in 4, a buy-now-pay-later option.
The first payment is due at the time of purchase, and the next three payments are due every two weeks after that.
There is also a 30-$1500 Pay in 4 option available. You can only use Pay in 4 online, so you can’t use it in a store at this time.
In order to take advantage of Pay in 4, follow these instructions:
- Then go to the checkout and finish your purchases.
- Pay with PayPal instead of a credit or debit card.
- In that case, you will not be able to make use of the Pay in 4 option on your purchase and will not see it.
- To pay in four equal installments, select “Pay in 4.”
- Continue with the checkout process by making your first purchase and completing your order.
- After that, all that’s left are the final three payments, which must be made every two weeks.
Thankfully, submitting an application for Pay in 4 will have no impact on your credit score.
How Do I Get PayPal Pay Approved in 4?
You must first apply for PayPal Pay in 4 before you can use it.
To be eligible for Pay in 4, you must have a PayPal account that is “in good standing” and have the feature available in your state.
To apply in your state, you can do so either through the app or PayPalor at checkout, if you are eligible.
PayPal or the PayPal app can be used to apply for Pay in 4 here.
To make use of PayPal Pay in 4, follow these steps:
- Selecting PayPal as your payment method at checkout is the first step
- At the time of purchase, you will be informed if your purchase qualifies for Pay in 4
- Secondly, select “Pay Later.”
- Choose the Pay in Four option and fill in the required information.
- After that, you’ll get an answer in a matter of seconds.
To complete your purchase, you’ll need to make your first payment, if you’ve been approved.
Finally, every two weeks, you’ll make the final three payments in the app or via PayPal.
If you aren’t approved, you’ll have to proceed to the checkout without Pay in 4 in order to avoid disappointment.
Additionally, if your application is rejected, you will receive an email from PayPal explaining why you were rejected, regardless of whether you applied through checkout or PayPal.
PayPal also takes your financial situation, the information you provided on your application, and data from your PayPal usage and history into account when processing your application..
Your application may even be processed by PayPal using “external bureau data.”
The “loan agreement” must also be read and accepted in order to complete the Pay in 4 application process.
When you apply for a loan, you will be given the option to download a copy of the agreement.
To learn more about why PayPal is so slow, is PayPal a bank, and how long do PayPal refunds take, check out our other posts.
PayPal Purchasing now and paying for it later is possible with PayPal’s Pay in 4. It is possible to buy items and pay for them in four installments, allowing you to spread out the cost over time.
Unfortunately, Pay in 4 is not yet available to everyone. Pay in 4 may not be available to you because PayPal has already viewed your account and deemed it ineligible. Additionally, PayPal Pay in 4 is currently only available in the United States; it’s not yet available to all residents.