What is Pay in 4?

Pay in 4 is an interest-free installment plan that lets you split your purchase into 4 payments, with the first installment due at the time of the transaction and 3 subsequent installment repayments made every 2 weeks thereafter.

How can I pay with Pay in 4?

If eligible, Pay in 4 will appear as a payment method for shopping cart values between $30 and $1,500 (CAD) when you check out with PayPal. Upon applying, you'll receive a decision within seconds, although not every application will be approved.

You must be a Canadian resident and at least the age of majority in the province or territory in which you reside and hold a PayPal account in good standing or open a PayPal account to apply. You must also have an eligible payment method linked to your PayPal account.

Pay in 4 is not available for certain merchants and goods. Offer availability depends on the merchant and may not be available for certain recurring subscription services or available in certain provinces or territories.

Are there terms and conditions for my Pay in 4 plan?

Yes. As part of the Pay in 4 application process, you’ll need to review and agree to the Pay in 4 Terms and other required disclosures. You can download a copy of the agreement during the application and later access it anytime through the PayPal app or website after completing your purchase.

Your payment schedule will be shown during the application, included in a payment summary email once your purchase is complete, and available anytime in the Pay Later section of your PayPal account. Once your plan begins, we’ll email you important details about your Pay in 4 plan, including how to find your agreement in your PayPal account.

Are there any fees associated with Pay in 4?

PayPal does not charge any sign-up, application, late, or non-sufficient funds (NSF) fees when you pay for your purchase with Pay in 4. However, if your repayment is returned because of non-sufficient funds or for another reason, your financial institution may charge you an NSF or other fee.

How long will my Pay in 4 plan last?

Your Pay in 4 plan lasts a little over 6 weeks in total. The first installment is due at the time of the transaction and 3 subsequent installment repayments will be taken by autopay every 2 weeks thereafter.

What currencies are accepted?

Transactions can be made in all currencies that PayPal supports, not just Canadian Dollars (CAD). For transactions not in CAD, PayPal will automatically convert the transaction amount to CAD at checkout before providing you with your Pay in 4 plan. Currency conversion charges will apply and can be found in the PayPal User Agreement.

Why could I use Pay in 4 before but it’s not available with the same merchant now?

Pay in 4 eligibility will vary by merchant and individual shopping experience. The Pay in 4 option will be displayed in PayPal checkout if the option is available for the specific merchant as well as the transaction amount and type. Keep in mind, not all goods and services are eligible. If for some reason the items in your cart are not eligible for Pay in 4, the offer will not be available.

How will my Pay in 4 purchase show in my PayPal activity?

Every purchase made with a Pay in 4 plan will appear in your PayPal activity as a full purchase amount under the merchant’s name. This line item reflects PayPal paying the merchant upfront so you can then pay PayPal back for your Pay in 4 plan by spreading the repayments over time according to your plan's payment schedule.

You will also see your first installment taken on the day of the purchase which will equal one-fourth of your total purchase amount.

Why was my Pay in 4 approval not used for my completed purchase?

Your Pay in 4 approval is valid for that specific shopping session in which it was granted. If you change the payment method during checkout and don’t switch back to Pay in 4, your purchase will be charged to that changed payment method. In addition, if you experience a disruption in your session (internet glitch or session timeout) the approval may become invalid. In that case, you would need to apply again to use Pay in 4 for a transaction.