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PayPal Credit

About PayPal Credit

For UK customers, there’s now an easy way to treat yourself to the bike of your dreams or to get that extra kit you need using instalment offers from Paypal Credit. It’s a quick, straightforward process allowing you to spread the cost of your purchase over 12 monthly instalments for purchases over £99 or 24 monthly instalments for purchases over £1499, both with absolutely no interest to pay during the term of the offer.

Chain Reaction Cycles acts as a broker and offers finance from a restricted range of finance providers. PayPal Credit is a trading name of PayPal (Europe) S.à.r.l. et Cie, S.C.A., 22-24 Boulevard Royal L-2449, Luxembourg.

What is PayPal Credit?

PayPal Credit is a simple and flexible credit line that sits alongside your PayPal account. It is a paperless, card-less revolving credit limit.

If approved PayPal Credit is accessible from your PayPal account, allowing you to manage your payments, view your balance and check your monthly statements online. There’s no lengthy application to fill out, just answer some quick questions, review and accept the terms and get a decision in seconds.

For more info and to help you with all the questions you have for PayPal about this payment type check out Paypal Credit Basics Help.

What are the terms with Chain Reaction Cycles?

All of our products that can be purchased with PayPal Credit are clearly marked. Click here to see all currently marked products.

If the PayPal Credit banner is absent, then the product is not eligible to contribute towards the PayPal Credit minimum spend of £99. As long as you are a UK customer and have £99 worth of PayPal Credit marked items in your basket you will be eligible to apply for PayPal Credit.

Take a look at what’s on offer with interest free credit.

The instalment offers that will be available from PayPal Credit for the purchase of Chain Reaction Cycle products are:

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What are the terms with Chain Reaction Cycles?

PayPal Credit is a simple and flexible credit line that sits alongside your PayPal account. It is a paperless, card-less revolving credit limit.

If approved PayPal Credit is accessible from your PayPal account, allowing you to manage your payments, view your balance and check your monthly statements online. There’s no lengthy application to fill out, just answer some quick questions, review and accept the terms and get a decision in seconds.

For more info and to help you with all the questions you have for PayPal about this payment type check out Paypal Credit Basics Help.

Spend on Tagged Products Credit Period Finance Rate (per annum)
From £99 12 months 0%
From £1,499 24 months 0%

If you are approved for a credit limit with PayPal Credit and use it for future purchases, the standard variable rate will apply.

This is currently 19.9% APR (variable).

Purchase Rate p.a. Representative APR Assumed Credit Limit
19.9% (variable) 19.9% APR (variable) £1,200

19.9% APR (variable) £1,200 For information on the following topics, click into Paypal Credit Basics Help

  • Instalment offers
  • Credit limits
  • Eligibility
  • Late payment fees
  • Annual Percentage Rates (APR)

How do I use PayPal Credit with Chain Reaction Cycles?

It couldn’t be easier!

You can apply for PayPal Credit directly from your basket or via the checkout.

You will be presented with the choice of PayPal Credit instalment offer buttons:

This will guide you to PayPal Credit's application page where you can start the process of applying for PayPal Credit.

The application should take no more than 10 minutes to complete and you will then be redirected back to Chain Reaction Cycles to complete your transaction. All that’s left to do is wait for the goodies to turn up!!

FAQs

1. Do you need to have a PayPal account?

Yes.

Once you have chosen the PayPal Credit payment option, you will be directed to the PayPal website. It is a PayPal Credit requirement that you login to your PayPal account or create an account at that point.

Alternatively, you can easily sign up for PayPal here.

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2. If I have £99 of tagged goods in my basket and another £100 of non-eligible for credit items, can I pay for my entire basket using PayPal Credit?

Absolutely!

Once you have eligible products that total £99 or more in your basket and have been successful in applying for PayPal Credit, the whole of your basket will be paid for using an instalment offer under your PayPal Credit agreement.

3. What do I do if I am unsuccessful in applying for PayPal Credit?

Unfortunately, we have no control over the success or decline of an application – this is all PayPal’s decision. If you have been declined, PayPal will email you with information about why your application was unsuccessful.

Don’t worry, although you weren’t approved for PayPal Credit, you can still use PayPal to check out securely with your bank account, debit or credit card.

4. I do not see PayPal Credit as a payment option?

Check that you are eligible by ensuring you have of a minimum spend of £99 on eligible for credit products. Remember they have to be tagged as credit products to be eligible.

If you have checked that the minimum spend of tagged products has been reached and you still have no option for PayPal Credit, please give us a call and we will help you out.

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5. Can I make a phone order and apply for PayPal Credit?

Sorry, no.

The application for PayPal Credit can only be initiated from an online order.

For all the information you need about how PayPal Credit works for you from your PayPal Account check out Paypal Credit Basics Help.

6. What happens if I want to return the item I bought using my PayPal Credit?

Returning your item is easy just follow our simple returns advice.

Just return as normal and we will refund the money to your PayPal Credit account. Once returned to your PayPal Credit account, the credit will be available to you as part of your limit for all your future PayPal Credit purchases, including future instalment offers with us.