PayPal, the payment giant is reaching its peak with its new Buy Now Pay Later (BNPL) solution, Pay in 4—a flexible way to make payments in four different installments at millions of merchants that accept PayPal.
Talking of flexibility, the Pay in 4 virtual card lets you spend your Pay in 4 credit at most places that accept Mastercard payments.
The best is, if you are already approved for Pay in 4, you can easily apply and get a Pay in 4 virtual card—and if you're wondering how to proceed with applying for yours, keep reading.
In today's guide, I'll show you how to apply and get PayPal Pay in 4 virtual cards so you'll be able to make flexible installment payments with a secure card.
What is the PayPal Pay in 4 Virtual Card?
The PayPal Pay in 4 virtual cards is a single-use virtual card that you can use to make flexible installment payments online at select merchants.
Access to this card is per approval and once you're approved for Pay in 4, you'll typically receive yours. Don't worry if you didn't receive yours instantly—it is very easy to get yours once you're approved.
How to Get PayPal Pay in 4 Virtual Card
Before we get any further, I'd like to emphasize the fact that you need to be approved for PayPal Pay in 4 for things to work out smoothly.
Once you're approved for PayPal Pay in 4, you can follow these steps to get the Pay in 4 virtual card:
- Log into the PayPal app or website.
- Navigate to the "Pay Later" section and select "Get Started."
- Enter the amount you wish to finance (between $30 and $1,500) and click "Continue."
- Confirm your information and agree to the terms to apply for Pay in 4.
- Once you're approved for the single-use card, you'll be notified concerning your status, including how much credit the card will let you spend.
How to Use PayPal Pay in 4 Virtual Card
Now that you have your PayPal Pay in 4 virtual card, all you need to do is copy the card's information and use it wherever Mastercard is accepted.
Simply put, to use the PayPal Pay in 4 virtual card:
- Go to a support merchant and shop as you usually do.
- Once you're done shopping, proceed to the checkout.
- At the checkout, select credit card payment and enter your Pay in 4 virtual card details.
- Complete your purchase.
The total amount you spend to complete a purchase is what you'll have to pay regardless of the amount given to you as credit. So if you received $200 as credit and you spend just $100 on your purchase with the single-use card, you'll only have to repay the $100 you spent in four different installments.
PayPal's collaboration with Honey makes it very easy to find stores that support the Pay in 4 virtual card. What I love about this collaboration is that it isn't just straightforward to know where to use the virtual card, but also lets you know which retailers offer cash back for purchases made with your Pay in 4 virtual card.
Of course, the best way you'll have to use the Pay in 4 virtual card is through your web browser with the Honey Extension installed on your browser.
What You Should Know About the Pay in 4 Virtual Card
The single-use card is available for use only for the first 24 hours of approval. After this period, you won't be able to use the card and will only have to apply for another one.
You can apply for as many Pay in 4 virtual cards as you want, but only PayPal will decide whether they should give you another single-use card or not after you've used the latter. Perhaps, this will depend on the way you spend with the card.
Also, you cannot apply for another single-use card while you haven't finished paying back the credit you owe for the other other. Instead, this will decrease your chances of ever getting approved again.
Can You Use PayPal Pay in 4 Anywhere Online?
No, you cannot use PayPal Pay in 4 anywhere online.
You can only use PayPal Pay in 4 at select merchants that accept Mastercard payments. This means even if a merchant accepts PayPal, it does not guarantee that the merchant will accept Pay in 4. For example, Walmart accepts PayPal, but it is not always a guarantee that it will accept Pay in 4.
Final Thoughts
Since its first launch, PayPal Pay in 4 has become one of the most preferred Buy Now Pay Later options for those consumers looking for a flexible way to pay.
The Pay in 4 single-use virtual card offers not just flexibility but the safety everyone needs when shopping online.
This guide compiles the steps any approved Pay in 4 user needs to get a single-use card from their PayPal account. Whether you've been using Pay in 4 for some time now or you're still new to the system, you'll find this guide appealing if you're looking to make flexible installment paymùents with PayPal.
What was your experience so far? Let me as well as the other readers know down in the comments. We are more than excited to hear from you!