With the rising costs of living, finding ways to spread out payments on big purchases can provide some relief to your wallet. If you want to buy games, subscriptions or wallet funds on the PlayStation Store but don’t have the cash upfront, PayPal’s Pay in 4 option allows you to split the cost into 4 interest-free payments over 6 weeks.
In short, PayPal Pay in 4 allows you to buy now and pay later when shopping on the PlayStation Store, breaking up the total into 4 equal payments with zero interest. Read on to learn all the details about eligibility, how it works and tips for using Pay in 4 smoothly when gaming on PlayStation.
Eligibility Requirements for PayPal Pay in 4
You must have a PayPal account in good standing
In order to use PayPal Pay in 4 at the PlayStation Store, you must have a PayPal account that is in good standing. This means that your account should not have any outstanding issues or restrictions. If you have any concerns about the status of your PayPal account, it’s a good idea to contact PayPal directly to resolve any issues before attempting to use PayPal Pay in 4.
Purchases between $30-$1500 are eligible
To be eligible for PayPal Pay in 4 at the PlayStation Store, your purchase must fall within the range of $30 to $1500. This allows for a wide variety of purchases, from smaller add-ons to larger game bundles.
Keep in mind that any amount outside of this range will not be eligible for PayPal Pay in 4 and you may need to consider alternative payment methods for those purchases.
Credit check required for new Pay in 4 users
If you are a new user of PayPal Pay in 4, a credit check may be required. This credit check helps PayPal determine your eligibility and ability to make payments in installments. It is a standard practice for financial companies when offering installment payment options.
If you have concerns about your credit score or credit history, it’s a good idea to review your credit report before applying for PayPal Pay in 4.
Only available in the US (excluding Hawaii, Nevada, New Hampshire, North Dakota, and Guam)
It’s important to note that PayPal Pay in 4 at the PlayStation Store is currently only available in the United States. However, there are a few states that are excluded from this service, including Hawaii, Nevada, New Hampshire, North Dakota, and Guam.
If you reside in any of these states, you will need to explore alternative payment options when making purchases at the PlayStation Store.
How PayPal Pay in 4 Works on PlayStation
PayPal Pay in 4 offers a convenient way for PlayStation users to make purchases on the PlayStation Store. This feature allows users to split their payments into four equal installments, making it easier to manage their finances. Here’s a step-by-step guide on how PayPal Pay in 4 works on PlayStation:
Add PayPal as payment method on your PlayStation account
To use PayPal Pay in 4 on the PlayStation Store, you need to first add PayPal as a payment method to your PlayStation account. Simply go to the Payment Methods section in your account settings and follow the instructions to link your PayPal account.
This allows you to use PayPal as a payment option when making purchases on the PlayStation Store.
Select Pay in 4 at checkout on the PlayStation Store
Once you have added PayPal as a payment method, you can select Pay in 4 at checkout when making a purchase on the PlayStation Store. This option will be available alongside other payment methods, such as credit/debit cards.
Choosing Pay in 4 allows you to split the total cost of your purchase into four equal payments.
Go through credit check if first-time user
If you are a first-time user of PayPal Pay in 4, you may be required to go through a credit check. This is a standard procedure to assess your creditworthiness and determine your eligibility for the payment plan. The credit check is performed by PayPal and helps ensure responsible lending practices.
PayPal splits order total into 4 equal payments
Once you have selected Pay in 4, PayPal will automatically split the total cost of your order into four equal payments. This allows you to pay a portion of the total upfront and spread the remaining payments over a period of time.
This can be particularly helpful for larger purchases, as it allows you to manage your budget more effectively.
First payment processed immediately, remaining 3 taken every 2 weeks
After placing your order, PayPal will process the first payment immediately. The remaining three payments will be taken from your linked payment method every two weeks. This gives you the flexibility to spread out your payments and make them more manageable.
Using PayPal Pay in 4 on PlayStation provides users with a flexible and convenient way to make purchases. With the ability to split payments and manage their finances effectively, PlayStation users can enjoy their favorite games and content without breaking the bank.
Tips for Using PayPal Pay in 4 on PlayStation
Check order total is between $30-$1500 before checkout
Before using PayPal Pay in 4 at the PlayStation Store, it is important to ensure that your order total falls within the range of $30 to $1500. This is the minimum and maximum amount that can be divided into four equal payments.
By double-checking your order total, you can avoid any issues during checkout and enjoy the convenience of splitting your payment.
Make sure your PayPal account is in good standing
Prior to using PayPal Pay in 4, it is crucial to ensure that your PayPal account is in good standing. This means that you have a verified account, with no outstanding balances or limitations. By keeping your account in good standing, you can easily make use of the PayPal Pay in 4 option at the PlayStation Store without any hiccups.
Be aware of payment dates so there are no surprises
When using PayPal Pay in 4, it is important to be aware of the payment dates. PayPal will automatically deduct the payments from your account every two weeks until the full amount is paid off. By keeping track of these payment dates, you can ensure that you have sufficient funds in your account and avoid any surprises.
Contact PayPal support if any payment issues arise
In the event that you encounter any payment issues while using PayPal Pay in 4 at the PlayStation Store, don’t panic. PayPal has a dedicated support team that can assist you with any concerns or difficulties you may face.
Simply reach out to PayPal support for assistance and they will guide you through the resolution process.
Can be used on games, DLC, subscriptions, PS Plus memberships, and adding wallet funds
PayPal Pay in 4 can be used for a variety of purchases at the PlayStation Store. Whether you’re looking to buy games, DLC (Downloadable Content), subscriptions, PS Plus memberships, or add funds to your wallet, PayPal Pay in 4 provides a flexible and convenient payment option.
This allows you to enjoy your gaming experience without worrying about making a one-time payment.
The Pros and Cons of PayPal Pay in 4 for PlayStation
- Breaks purchases into 4 manageable payments: PayPal Pay in 4 allows PlayStation users to divide their purchases into four equal payments, making it more affordable and convenient for players to enjoy their favorite games and accessories without having to pay the full amount upfront.
- 0% interest and no hidden fees: One of the major advantages of using PayPal Pay in 4 is that it offers 0% interest and no hidden fees. This means that users won’t incur any additional charges or interest while enjoying the convenience of spreading their payments.
- Easy to setup if you already have a PayPal account: If you already have a PayPal account, setting up PayPal Pay in 4 for PlayStation is a breeze. You simply need to link your PayPal account to your PlayStation store and choose PayPal Pay in 4 as your payment method during checkout.
- Can be used on many PlayStation Store purchases: PayPal Pay in 4 can be used for a wide range of purchases on the PlayStation Store, including games, DLCs, subscriptions, and even consoles. This flexibility allows users to make the most out of their gaming experience without worrying about the financial burden.
- Not available in all states and territories: Unfortunately, PayPal Pay in 4 is not currently available in all states and territories. It is important to check if this payment option is available in your location before making a purchase.
- Must remember payment dates to avoid late fees: Since PayPal Pay in 4 involves multiple payments, users must remember the payment dates to avoid late fees. It is crucial to stay organized and keep track of the payment schedule to prevent any additional charges.
- Credit check required for first-time users: For first-time users of PayPal Pay in 4, a credit check may be required. While this is a standard procedure to ensure responsible lending, it might be an inconvenience for some users who prefer not to undergo a credit check.
PayPal’s Pay in 4 offers PlayStation gamers an easy way to split up big digital purchases from the PlayStation Store into 4 interest-free payments. This payment option can help you get the games, DLC and subscriptions you want without breaking the bank all at once.
Just be sure to check the eligibility requirements, understand the payment timeline and keep your PayPal account in good standing. Used wisely, Pay in 4 can take some pressure off your wallet and let you enjoy gaming on PlayStation now.