PayPal is known as a universally secure way to pay for online purchases. Whether you are buying groceries or a new gadget, it offers options to pay now or an option to pay later via PayPal Credit.

PayPal Credit is “a line of credit issued by Synchrony Bank that gives you the flexibility to pay for your purchase now or pay over time,” according to PayPal. It’s incredibly easy to use and even easier to apply for.

PayPal Credit is accepted wherever PayPal is accepted, including eBay, Etsy, Walmart, and thousands of other online stores. If your favorite online retailer accepts PayPal, you can use your credit account there, too.

The variable APR for purchases and advances with your PayPal Credit account is 25.99% as of 9/1/2019. This APR varies with the market based on the Prime Rate defined in the credit card agreement. The minimum amount of interest charged is $2.00.