PayPal Pay in 3 is an interest-free loan that lets ticket buyers split their basket into three repayments over 60 days. The first repayment is due at the time of purchase and subsequent repayments are due every month on the same date.
How does it work?
If a ticket buyer spends more than £30 and up to £2,000 (total basket value), they have the option to use PayPal Pay in 3.
PayPal Pay in 3 can be used on a single ticket or multiple tickets to the total value of £30 or more.
As the event organiser, you’ll receive the ticket revenue in full, with PayPal underwriting the risk. If a ticket buyer doesn’t pay in full, PayPal takes the responsibility and you still get your money.
Ticket buyers pay in 3 instalments over 60 days. One third of the total price at the time of booking, one third after 30 days and the final third after 60 days.
The instalment amounts and 60 days timeline are set by PayPal and can’t be changed.
How can I use PayPal Pay in 3 as an event organiser?
If you'd like to find out more about adding Pay in 3 to your FIXR account, please email [email protected] and one of the team will be in touch