You’ll pay for 25% of the item upfront before the merchant processes your order. You’ll still be able to complete your transaction with PayPal, though. If your request is declined, you’ll get an email with an explanation. The soft check won’t impact your credit score. Click “Pay Later” and choose “Pay in 4.” The service will grant you a near-instant decision after running a soft credit check.Place an item in your cart and indicate you’re ready to pay via PayPal. Select PayPal on a merchant’s checkout page.If you already have an account, it must be in good standing. So you’ll need to pay off your debt completely within 45 days. The other three payments are due every 15 days. You’ll need to pay the first installment, or a down payment, immediately. Like many “buy now, pay later” companies, Pay in 4 splits your loan amount into four equal installments. You also must be at least 18 years old to use Pay in 4 in the other states (19 in Alabama and Nebraska). The program excludes the following states: Not everyone is eligible to use Pay in 4. PayPal also operates Pay in 3, a similar program based in the United Kingdom. That’s many times more than the other “buy now, pay later” services I’ve reviewed. PayPal claims that Pay in 4 works with “millions” of online merchants. It offers zero-interest loans between $30 and $1,500. PayPal co-founder Max Levchin is also co-founder and CEO of Affirm, a major BNPL competitor. This new iteration is more in line with PayPal’s competition in the BNPL space. It replaced the platform’s Easy Payments program, which was essentially a “buy now, pay later” program, albeit with different parameters. Pay in 4: Quick Look Pay in 4 at a Glance How Does Pay in 4 Determine Your Spending Limits?.Pay in 4 Review: What Happens if You Miss a Payment?.In this article, I’ll explain how Pay in 4 works, how much money you can borrow through the service and whether Pay in 4 charges fees if you miss payments and more. It launched “Pay in 4” last year as an answer to several large “buy now, pay later” (BNPL) companies and as an extension of its primary payment service. PayPal has moved to establish itself as a major player on both fronts. Note that you'll need a photo of your government-issued ID (front and back) to verify your identity so we can help with your transaction.Online shopping and “buy now, pay later” are becoming more entrenched in American consumer culture. If these troubleshooting steps don't work, then your Back Market account may have a temporary hold. Try using another device or browser (Chrome, Safari, Edge, or Firefox).Almost all of our sellers offer PayPal as a payment method, but check to be sure. Try using another card or payment method such as PayPal.If the error continues, contact your bank for help. Normally, 3-D Secure verification opens a new window that may be blocked by your computer. If you get a CVV/CVC error message, it's probably because it was entered incorrectly. Double-check the CVV/CVC is a 3-digit code on the back of most payment cards (on an American Express card, it’s a 4-digit code on the front of the card).Double-check the card number, expiration date, and name on the card.Update your payment information on Back Market to match the billing info on file with your bank or card issuer.Back Market will email you with more information on why your order didn’t go through.Ĭheck out our article on “refused” or “abandoned” error messages If the reason is still a mystery to you, keep an eye on your email. Your card is not eligible to make online payments.Your card has been reported lost or stolen and you must now wait for a new card to arrive.You're abroad and foreign currencies are not accepted by the card.You’re abroad and didn't alert your bank ahead of time so they blocked purchases from an "unusual" location.The card has been blocked due to unusual activity (e.g.Your account doesn't have sufficient funds.The card's transaction limit has been reached or exceeded.You may also have pop-ups disabled, and the 3-D Secure window didn’t appear. You made an error while entering required info in "3-D Secure", a security feature that banks use to verify your identity.The billing address has changed or doesn't match what’s on file with the bank or card issuer.These are the most common reasons your payment was declined. In the meantime, you can also try making the purchase with another card. You can find their phone number on the back of your credit or debit card - so give them a call if that seems to be the case. Payment refusals are often generated by your bank or card issuer. Potential reasons why your payment was declined
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