What is PayPal Pay Later?
PayPal Pay Later is an extension of credit for the amount of your purchase. You can apply for it if you don’t already have the PayPal Plus Credit Card, eBay MasterCard, or Buyer Credit. Once you’re approved for PayPal Pay Later, it will become a funding source in your PayPal account. You can use it anywhere PayPal is accepted, but each use will require credit approval.