At quantumAV we understand you can't always get what you want, which is why we offer flexible finance options. We offer Paypal Credit helping you spread the cost of you AV needs.
Once you would like to make a purchase using Paypal Credit, simply continue to shop online, select the Paypal Credit option in the checkout and complete the quick and easy application.
What is PayPal Credit?
PayPal Credit is like a credit card, without the plastic. It’s a credit limit that’s attached to your PayPal account which you can use for your online purchases.
How does the 0% for 4 months offer work?
0% interest for 4 months is available on single transactions of £99 or more. It applies automatically to any purchase made using PayPal Credit in excess of this value, except those to which another Promotional Purchase Offer (such as an instalment offer) applies. You can use this offer as many times as you like as long as you have an available credit limit.
Any remaining balance due after the 4-month promotional period or any transactions under £99 will be charged at 19.9% p.a (variable). If you fail to make minimum repayments on time or in certain other circumstances, PayPal may remove your offer. Please see the Credit Agreement for more details.
How do instalment offers with PayPal Credit work?
With selected merchants, when you check out with PayPal Credit, we’ll show you a selection of instalment offers, enabling you to spread the cost of your purchase across a number of payments.
Subject to application and status, these instalment offers allow you to choose a set number of monthly payments of differing amounts and at varying interest rates. If you already have PayPal Credit, you can take advantage of these offers without having to reapply as long as you have enough available credit limit.
How much will my credit line be?
To determine the size of your credit line we use the information you provide in the application form along with internal PayPal data and an external credit check.
Are there any fees I should be aware of?
Late Payments
If you’re late with a payment, PayPal may charge you a late payment fee of £12.
Returned Payments
You may be charged a return payment fee of £12 if you have insufficient funds to cover the payment.
Statements (Paper Copy)
We also charge a fee of £5 if you request that we send you a printed copy of a previous statement. All statements are available to download or view online within the PayPal Credit section of your PayPal account.
For more information on how these fees apply, please refer to the Outline of Credit, the Standard European Consumer Credit Information document or the Credit Agreement.
Is there an annual fee?
No. There is no annual fee for a PayPal Credit account.
Other FAQ's
I have been declined for PayPal Credit. Why?
Paypal will email you with more information about why your application for PayPal Credit was unsuccessful. If you apply during check out and get declined for PayPal Credit, you can still use PayPal to check out securely with your debit or credit card.
If you want to re-apply, you will be able to 35 days after your last application.
What is a Representative APR and what is the Representative APR for PayPal?
A Representative APR (Annual Percentage Rate) is shown on products where you borrow money so that an easier and fairer comparison can be made. It’s the typical total cost of a credit product expressed as a percentage, spread over 12 months.
The Representative Annual Percentage Rate for a PayPal Credit account is 19.9% (variable) per annum. This is also the standard rate of interest that will apply to your purchases.
Sometimes Paypal will run promotional offers with a lower rate of interest (such as 0% interest per annum for 4 months). Your standard rate of interest will not apply to transactions charged at a lower interest rate during the promotional offer period. See your Credit Agreement for more details.
We may offer to increase your standard interest rate by giving you at least 30 days’ notice. For more information on when we would do this please see your Credit Agreement.
What does subject to approval mean?
We are required to carry out creditworthiness and affordability checks to determine if PayPal Credit is right for you. As part of this process, we review information held on you by credit reference agencies and other relevant information prior to approving you for PayPal Credit.
Is there a cooling off period if I want to close my PayPal Credit account?
You may withdraw from your PayPal Credit account by calling us within 14 days of entering into the Credit Agreement. You may close your PayPal Credit account at any time, but must repay any outstanding balance.
What currency does PayPal Credit Support?
PayPal Credit can currently be used to purchase items in Pounds Sterling (GBP).
I accidently used PayPal Credit for a purchase how can I clear my purchase.
The first option is to contact us and see if we can cancel the order. If it’s too late to do so, then you can return the goods to receive the refund direct to your PayPal Credit account.
Does PayPal Buyer Protection apply to my PayPal Credit purchases?
Yes. If an eligible item that you’ve bought online doesn’t arrive or doesn’t match the seller’s description, PayPal Buyer Protection will reimburse you. Buyer Protection covers all your PayPal purchases including those paid with PayPal Credit.