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PayPal Pay in 3 will allow you to spread the cost of your purchase over 3 equal payments. The payment for each instalment will be automatically collected from the debit card you entered at checkout. Your first instalment will be collected at point of dispatch and instalments 2 and 3 are scheduled 30 and 60 days after the date that your order was placed. You’ll receive a reminder from PayPal 3 days before each instalment is collected.
This method is available for orders over £45 and under £2000.
To use PayPal Pay in 3 you must be at least 18 and live in the UK (excluding Channel Islands and the Isle of Man). PayPal may also have to assess a customer’s creditworthiness. When choosing PayPal Pay in 3 this assessment will not affect your credit rating.
PayPal may run soft credit searches that do not affect credit scoring and are only visible to yourself, no credit search is run against you that could impact your credit rating.
As soon as we have accepted your cancellation/return, PayPal will cancel any future scheduled payments as well as refund any amounts paid. Refunds will be issued back to the debit card which was originally entered at checkout.
Yes. Just go to your PayPal account and pay off early.
Visit the PayPal Pay in 3 FAQ page – https://www.paypal.com/uk/webapps/mpp/paypal-payin3/faq