Terms & Conditions

1. By entering into this Agreement, you expressly accept that the performance of this Agreement starts immediately after your acceptance and not after the expiration of the fourteen (14) calendar day withdrawal period further detailed in Clause ‎3 below.
2. PayPal reserves the right to grant or refuse the Pay in 3 Plan at its sole discretion and for any reason, including on the basis of our assessment of your financial position.
3. If your first instalment at the time of application is rejected or fails, your application for PayPal Pay in 3 will be declined and you will be asked to choose a different method of payment for your purchase.
4. The Loan Amount made available under this Agreement will be directly paid to the relevant merchant through your PayPal account. If the Loan Amount (or funds corresponding to it) is not collected by the merchant within twenty-six (26) calendar days of the date of this Agreement, you expressly agree that this Agreement will be automatically cancelled without any costs or liabilities imposed on either party from such cancellation.

1. You may withdraw from this Agreement without giving a reason by contacting us using the details provided in Clause ‎8.3 below. You have fourteen (14) calendar days to do so, starting from the day after you enter into this Agreement.
2. If you choose to withdraw from this Agreement, the Agreement will end and you will have to repay any Loan Amount outstanding.

1. If you have the ability to withdraw from your purchase contract, for example by returning the goods to the merchant, in most cases the merchant will credit any applicable funds back to your Pay in 3 Plan. This amount will be used to satisfy any Loan Amount outstanding.
2. If you choose to withdraw only from part of your order under the purchase contract or the merchant provides a partial refund, the Loan Amount will be reduced accordingly with the future instalments to be paid pursuant to the Repayment Plan being reduced equally and proportionally. You can view your revised Loan Amount and Repayment Plan by logging into your PayPal account.
3. Where your purchase contract was funded by PayPal account balance and /or special funding arrangement in addition to your Pay in 3 Plan:
   
   
   1. If you withdraw from your purchase contract or from part of your order under the purchase contract, or the merchant provides a partial refund, any refund will be applied in the following order:
      
      
      1. firstly credited to your Pay in 3 Plan and used to satisfy any Loan Amount outstanding;
      2. secondly credited to your PayPal account (only where the purchase contract was partly funded by your PayPal balance);
      3. any remaining amount will be applied to re-instate or partially re-instate the special funding arrangement in your PayPal account (provided that it has not already expired) on the terms which applied to it at the time of the purchase contract.
   2. Where the refund amount is not enough to satisfy the Loan Amount in full, it will be reduced accordingly with the future instalments to be paid pursuant to the Repayment Plan being reduced equally and proportionally. In this situation, any special funding arrangement will not be re-instated to your PayPal account.
4. If any activity detailed in this Clause 4 results in an overpayment to your Pay in 3 Plan, PayPal will reimburse you the overpaid amount within thirty (30) calendar days.
5. In the event you receive a refund from a merchant, it is your responsibility to return the item purchased to the merchant and, other than as set out in this Agreement and your statutory rights, we will not be held liable for a dispute between you and the merchant in relation to an item purchased.

1. You are required to repay the Loan Amount in accordance with the Repayment Plan as updated from time to time.
2. Each repayment will be automatically debited from your chosen Repayment Method (as may be updated from time to time) on the dates set out in the Repayment Plan.
3. You can also repay the next instalment in your Repayment Plan or the outstanding Loan Amount at any time. You may do this by logging into your PayPal account and clicking on the “Make a Payment” button in the Pay in 3 section or by contacting our customer service team.
4. If you choose to repay the next instalment in your Repayment Plan early, we will not debit your Repayment Method on the date specified for that instalment.
5. There are no fees or charges associated with making a repayment in accordance with Clause 5.3 above.
6. If PayPal tries to debit your Repayment Method for the repayment of an instalment and it fails, we may represent that amount to your Repayment Method for payment within 10 days or alternatively take the repayment from the balance of your PayPal account, if any.
7. If you repay us more than you owe us, we will refund any excess amount to your PayPal account within thirty (30) calendar days.
8. If we refund your PayPal account and it is later determined that no refund should have been paid, we will be entitled to recover it from your PayPal account where there is sufficient balance or from your Repayment Method.
9. Repayments made by you under this Agreement will be applied:
   
   
   1. first, to past instalments which are due but unpaid (if any); then to
   2. the current instalment being due; and then to
   3. future instalments in the date order that they fall due.
10. Missing a repayment could have severe consequences, including our taking legal action against you, and may make obtaining credit more difficult. If you miss a repayment:
    
    
    1. Your credit records may be affected in a way that makes it more difficult or expensive to obtain further credit; and
    2. You may face legal action to recover what you owe.

1. The Pay in 3 Plan is only available in GBP. For transactions not in GBP, PayPal will automatically convert the transaction amount to GBP at checkout before providing you with the Pay in 3 Plan. Any applicable currency conversion or other charges will be applied in accordance with your PayPal User Agreement.
2. PayPal may enable the use of special funding arrangements for Pay in 3 purchases in its absolute discretion.
3. For the avoidance of doubt, you must continue to make the repayments due under this Agreement on their due date whilst any claim and/or dispute you raise is being investigated.

1. We shall not be responsible if you are unable to use your Pay in 3 Plan or should we be unable to carry out any of our obligations under this Agreement due to:
   
   
   1. our compliance with applicable laws or regulation; or
   2. abnormal and unforeseeable circumstances beyond our reasonable control, the effects of which would have been unavoidable despite our efforts to the contrary.
2. You cannot use a claim against a merchant as a reason for not making repayments to us unless you have a legal right to do so.

1. By derogation from your PayPal User Agreement, any notice to be provided to you by us under this Agreement will be exclusively sent by posting it on the PayPal website(s) (including the posting of information which is only accessed by logging into your Account), emailing it to the email address listed in your Account, calling you by phone, or sending you a “text” / SMS message.
2. If we have reasonable grounds for believing that you have changed your email and postal addresses, for example because our correspondence is returned to us, we may instruct agents to trace you.
3. You can contact us online at www.paypal.com/uk by selecting ‘Help’ and then ‘Contact us’.

1. We may change any term of this Agreement where the change is necessary to make the Agreement fairer to you or easier to understand or reflects a change in relevant laws or regulation. Unless prohibited from doing so by law or regulation, we may make the change immediately and tell you about it within sixty (60) calendar days.
2. If you apply for and are offered further Pay in 3 Plans, those Plans will be subject to the terms that apply as at the date of the relevant Pay in 3 Plan, which may differ from the terms of this Agreement. You are responsible for ensuring that you are familiar with the terms of each Pay in 3 Plan you enter into.

1. This Agreement shall automatically terminate once the Loan Amount is repaid in full.
2. We may terminate this Agreement and the related Pay in 3 Plan and demand immediate repayment of the full amount you owe us if:
   
   
   1. we find out that our decision to lend to you was based on inaccurate, misleading or incomplete information;
   2. you breach this Agreement regularly or seriously;
   3. you break the law or you appear on any sanctions list that we monitor;
   4. we have a reasonable belief that you no longer have the ability to control your account, including if you are deceased or of unsound mind;
   5. you have broken the terms of another agreement with us (including other Pay in 3 Plans or a PayPal Credit agreement);
   6. we reasonably believe you no longer reside in the United Kingdom; or
   7. if you close or attempt to close your PayPal account.
3. To the extent permitted by the applicable law, we may also ask you to pay any reasonable losses and costs that we incur as a result of you breaching this Agreement.
4. You may terminate this Agreement at any time by repaying the outstanding Loan Amount due at this date within the conditions set out in Clause ‎5.3 above.

1. The laws of England and Wales apply to this Agreement and any dispute shall be subject to the exclusive jurisdiction of the courts of England and Wales.
2. PayPal (Europe) S.à.r.l. et Cie, S.C.A. (a limited liability partnership registered at the companies register of Luxembourg under number B 118 349, having its registered office at 22-24 Boulevard Royal, L-2449, Luxembourg) is duly licensed as a Luxembourg credit institution and is under the prudential supervision of the Luxembourg supervisory authority, the Commission de Surveillance du Secteur Financier, with registered office in L-2449 Luxembourg.
3. This Agreement contains the whole agreement between us and you regarding your Pay in 3 Plan and supersedes and replaces any prior written or oral agreements, representations or understandings between us and you in relation to this Agreement. Each party confirms that it has not entered into this Agreement on the basis of any representation that is not expressly incorporated in this Agreement. In the event of a conflict between this Agreement and any provision of the PayPal User Agreement, the terms of this Agreement shall prevail.

1. If you have a complaint against us, our goal is to learn about and address your concerns. Complaints may be reported by contacting us online at www.paypal.com/uk by selecting ‘Help’ and then ‘Contact us’.
2. You may also file a complaint by contacting one of the following:
   
   
   1. European Consumer Centre (ECC-Net). You may obtain further information regarding the ECC-Net and how to contact them at http://ec.europa.eu/consumers/redress_cons/.
   2. Commission de Surveillance du Secteur Financier (CSSF). The CSSF is the authority responsible for the prudential supervision of companies in the financial sector in Luxembourg. You can contact the CSSF at 110 Route d’Arlon L-2991 Luxembourg. You may obtain further information regarding the CSSF and how to contact them at: http://www.cssf.lu.
3. If we do not resolve your complaint internally to your satisfaction, you may be able to refer it to the Financial Ombudsman Service (FOS). The FOS is a free, independent service which might be able to settle your complaint. The FOS’s contact details are:
   
   

   Post: Financial Ombudsman Service, Exchange Tower, Harbour Exchange, London, E14 9SR Telephone: 0800 023 4567

   E-mail: [email protected]

   
   

   You can find out more information from the FOS website: www.financial-ombudsman.org.uk

Please refer to our Privacy Statement at https://www.paypal.com/uk/webapps/mpp/ua/privacy-full for more information about how PayPal processes your personal data.

If you want to exercise your data protection rights or have any questions about our Privacy Statement, PayPal's data protection practices, or your PayPal Pay in 3 application, you can contact us online at www.paypal.com/uk by selecting ‘Help’ and then ‘Contact us’, or by writing to us at the following email address: [email protected] or at: PayPal (Europe) S.à.r.l. et Cie, S.C.A Société en Commandite par Actions 22-24 Boulevard Royal L-2449, Luxembourg.

The details you provide in your application form help us make responsible lending decisions. We ensure the security of your personal data.

For credit decisions and the prevention of fraud and money laundering, we may use credit reference and fraud prevention agencies (“FPAs”) to help us make decisions.

When you apply to us to open a Pay in 3 Plan, we will check the following records about you:

• Any PayPal data that we currently hold in relation to you.
• Potentially, those at credit reference agencies (“CRAs”). The identities of the CRAs, and the ways in which they use and share personal information, are explained in more detail at:
  
  www.transunion.co.uk/crain
  
  www.equifax.co.uk/crain
  
  www.experian.co.uk/crain

Information on applications will be sent to CRAs and will be recorded by them. Where you borrow from us, we will give details of your Pay in 3 Plans and how you manage them to CRAs. If you do not repay in full and on time, CRAs will record the outstanding debt. This information may be supplied to other organisations by CRAs and FPAs to perform similar checks and to trace your whereabouts and recover debts that you owe. Records remain on file for 6 years after they are closed, whether settled by you or defaulted.

If you provide false or inaccurate information and we suspect or identify fraud, we will record this and will pass this information to FPAs and other organisations involved in fraud and money laundering prevention.