PayPal's Pay Later offers currently include Pay in 4 and Pay Monthly. Pay in 4 allows customers to pay for their purchases in 4 interest-free payments with a down payment due at time of purchase and is available on qualifying purchases of $30 to $1,500. Pay Monthly is a longer-term offer that allows buyers to pay for purchases in predictable monthly installments. Pay Monthly is available on purchases of $199-$10,000, with terms up to 24 months.