Lowe’s is an American company that is based on specializes in home improvement. The company is public and is listed on the New York Stock Exchange. The company was founded in 1921 by the founder named Lucius Smith Lowe as the target market is the retail one. The company is headquartered in North Carolina, USA, and has a revenue of around $72.148 billion employs around 3, 00,000 employees, and serves in two countries, the USA and Canada. It is the second-longest home improvement chain in the country, just beneath Home Depot, which passed it in 1989 and, since then, is at the top. Let’s learn ‘Does Lowes accept PayPal?’.
Does Lowes accept PayPal?
Pay Pal is accepted at Lowe’s but not for in-store purchases but only for online purchases. Pay Pal In-Store is when you take their gift cards from Pay Pal and re-embed them at the check-out point.
How to pay online from PayPal at Lowe’s?
You will be able to pay with PayPal at the official website of Lowe’s. The process is:
- Go to Lowe’s website and log in or sign in if you have an account already.
- After you’re done with your shopping and adding things to your cart, you can go to the payments page and select the PayPal option, which is present in the other payment options.
- Then add your PayPal account details and, once logged in, you can use them for payments on future shopping.
Alternate Payment options:
- In-store: You can pay with credit cards and debit cards from companies like MasterCard, Discover, American Express, and visa.
- You can also use cash payments.
- You can use Lowe’s gift cards
- Personal checks are also accepted as a payment method you will have to submit a valid photo id card with it.
- You can also pay with Lowe’s credit cards.
- Online: you can pay with credit cards and debit cards of MasterCard, Visa, and American Express and discover.
- You can pay with Lowe’s gift cards and credit cards.
- You can use PayPal to pay
- And the newest addition to the online payment methods is klarna which is a buy now pay later company so the customer can pay their payment in 4 instalments in 6 weeks.
How does Klarna work?
Lowes gives their customers the option of buying now and paying later, so those who cannot pay the full price can get two payment methods for paying at the Yeti online store:
- The first is pay in 4: this is the standard Klarna payment in which the customer must pay 25% of the payment first, and the remaining 75% of the payment can be done in 6 weeks with each instalment in 2 weeks; if the customer is unable to pay an instalment in 2 weeks, he or she will be charged a late fee.
- They also offer the payment method of paying in 30 days. If the customer needs to pay in 30 days, the full payment is up to the customer to decide when to pay the amount in 30 days, but if you fail to pay in 30 days, the late charges will be applied.
- Lowe’s also supports all the Klarna financing payments, including the Klarna financial payment plan of 6–36 months, where the customer can buy from Lowe’s and pay at a fixed interest rate of 20%.
What is the limit of Lowe’s payments accepted from PayPal and Klarna?
Lowe’s accepts payments up to a minimum of $10 for both PayPal and Klarna. So if you want to pay with PayPal or Klarna, the minimum purchase limit is $10 and the maximum purchase limit is $1,000. If you are selected for the finance option of Lowe’s from Klarna, you can get a maximum loan of $10,000 with an interest rate of 20%, which can vary if your credit score is very good. Your interest rate can even be 0% for the first year if your credit score is greater than 760+.
Does PayPal offer any buy-now-pay-later options at Lowe’s?
PayPal also offers a buy now pay later option in which if you buy something from Lowe’s and choose the payment option as PayPal, you can apply for the pay in 3 option. But first they will check your credit score and then, if you are eligible, you can get the pay in 3 option.
Pay in 3 is an option used by PayPal where customers need to pay the payment in 3 instalments, with the first being a down payment, and the next two instalments being due in the next two months, with each instalment due in one month.
Conclusion:
So you can use the PayPal option only for online payments like on the official website or the app and not for in-store purchases.
FAQs:
- Is PayPal checkout free?
There is no dues or monthly fees for using PayPal.
- Do you need to a bank account for PayPal?
No you don’t need a bank account for PayPal for signing up.
