Pay Monthly is available to eligible PayPal customers online at checkout for millions of merchants where PayPal is accepted and is subject to consumer credit approval. Availability depends on your state of residence, and you must be at least 18 years of age (or the age of majority in your state) to apply. You must also have a PayPal account in good standing or open a PayPal account to apply.

Pay Monthly can be used only for a single purchase transaction. Each time you wish to use Pay Monthly to finance a transaction, you must apply for a new Pay Monthly installment loan.

You'll be taken through the application process if you choose it as your payment method when you check out. You’ll receive a decision within seconds, but not every application will be approved. Eligibility also varies from merchant to merchant and purchase to purchase.