In other news, Paypal are now offering you credit.
There have been PayPal branded Credit Cards for years, but the credit facility on their payment system is actually pretty good – they don’t offer huge amounts of credit – I think mine is £500, they don’t offer limit increases for “being good” and it’s interest free for 4 months (I think longer for bigger purchases) for anything over £150 and about 19% thereafter which is better than a lot of CCs.
Credit Reference Agencies class it as a ‘Credit Card’ even though it doesn’t come with one and their underwriting criteria is ‘non standard’ so can be an easy card to get if you’re trying to build a good credit history after problems in the past.
However, simply because a retailer accepts PP, doesn’t mean you can use PP credit oddly – but CRC takes it. I bought a new XT drivetrain with mine, paid it off over 2 months for the sake of a bit of a bump up of my credit history.