Although PayPal has released the hold on your funds, this may take up to 1-5 business days to process through your financial institution. PayPal may run a soft credit check when you apply, but it won’t affect your credit score. The service doesn’t charge interest, and the only fee is a late-payment fee. This will show as a pending authorization within your PayPal Account Activity and also at your financial institution. Pay in 4 allows you to pay off purchases with more than 1 million merchants in four equal installments over six weeks. If you do not complete your Pay in 4 transaction, the pending authorization will be automatically voided by PayPal within 72 hours of the pre-authorization hold. When making a purchase with Pay in 4, we will conduct a pre-authorization hold on your payment method for an amount equal to the down payment or one-fourth of your total purchase amount. If this does not happen within 72 hours, the authorization will be voided and there will be a new authorization for the down payment. Once you complete your purchase with Pay in 4 and the merchant completes your order, the pending authorization will be removed, and the down payment will be withdrawn from your specified payment method. ![]() This will show as a pending authorization within your PayPal Account Activity and also at your financial institution. ![]() However, some banks can take 7-10 days to reflect the funds back in your account. If you do not go through with the purchase, the authorization will be voided after 72 hours. Why is there a pending authorization shown in my PayPal activity for my Pay in 4 Transaction? When making a purchase with Pay in 4, we will conduct a pre-authorization hold on your payment method for an amount equal to the down payment or one-fourth of your total purchase amount. Welcome to the PayPal Community, and congratulations on your first post I'm sorry to hear about the authorization caused by your application for Pay in 4.
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