paypal synchrony bank payment

SYNCHRONY BANK. RATES AND FEES TABLE. PAYPAL SMART CONNECT ACCOUNT AGREEMENT. PRICING INFORMATION. Interest Rates and Interest Charges. Annual Percentage. Along with digital payments, PayPal offers other financial services with banks—like The Bancorp Bank and Synchrony Bank—to offer various. We'll use cookies to improve and customize your experience if you continue to browse. Is it OK if we also use cookies to show you personalized ads?

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Paypal synchrony bank payment

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Using PayPal on Flights

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First, be sure you have an account with PayPal. Then, select PayPal as your payment method and you will be taken to a PayPal screen where you log into PayPal and pay for your air fare.

You can choose to pay with your bank account, credit card, PayPal Credit, or balance. The amount of your purchase will then be shown in your PayPal transaction details.

PayPal Credit is an open end (revolving) credit card account that provides a reusable credit line built into your account with PayPal giving you the flexibility to pay for your purchases right away or pay over time. PayPal Credit is subject to credit approval and is offered by Synchrony Bank. See terms and apply now at

Yes. Funds from PayPal may be combined with Southwest® gift cards, Southwest LUV Vouchers, or funds from an unused E-Ticket reservation. However, funds may not be combined with those from another credit card.

No. PayPal may not be used to pay an increase in fare resulting from a change to an existing itinerary.


Which Is Safer: PayPal or a Credit Card?

Is PayPal safe compared to a credit card? It could be said that enabling safe transactions is PayPal's only job. But the job keeps growing, and the challenges are never-ending. PayPal now has an estimated 392 million active accounts around the world and offers several products. Each one is designed to make it safe to send or receive money, electronically or in person.

PayPal has been around since 1998 when it emerged as a popular way to pay for purchases on eBay. If it weren't as safe or safer to use than a credit card, cash, or a check, PayPal likely would have been consigned to the rubbish heap of dead technology platforms long ago.

Yet many still ask, is PayPal safe? That may not be quite the right question. PayPal has a range of weapons in place to keep other people's paws off your money. But the weapons are most effective when you, the PayPal customer, take some basic precautions as well.

Key Takeaways

  • PayPal's business model is based on enabling safe transactions between buyers and sellers.
  • Credit card issuers have a pretty good incentive to make transactions safe, too. You're not responsible for fraudulent purchases beyond a maximum of $50.
  • There are basic security measures that you can take to guard against fraud whether using PayPal or a credit card.

What PayPal Offers

To this day, PayPal is the default payment option for eBay purchases. But it also is the fifth most-used payment method at all online retailers, after Visa, Mastercard, American Express, and Discover (as of August 2019).

It has a number of other products that enable its customers to send or receive money. Some of them are:

  • The PayPal mobile app, which enables contactless payments at real-world retailers.
  • The Venmo mobile app, which is primarily used for person-to-person money transfers and routine day-to-day transactions.
  • Xoom, a person-to-person payment app that is used to make electronic money transfers globally.
  • The PayPal Cash Card, a MasterCard debit card for use online or in-store.
  • A PayPal credit card, where PayPal offers two cards issued by Synchrony Bank. It also offers a line of credit via Synchrony.
  • PayPal entered the cryptocurrency arena in 2020, allowing its users to buy, hold, sell and check out with cryptocurrencies.

Every one of these products is designed with the sole purpose of transferring money securely.

How Safe Is PayPal?

All PayPal transaction data are sent with end-to-end encryption designed to thwart any hacker seeking to capture private information as it moves from buyer to seller. This means your financial information isn't revealed even to the recipient.

PayPal app users can employ a second authorization factor to make each transaction safer. After enabling the SecurityKey feature, you'll get a temporary security code by text message that you enter in addition to your password.

PayPal lays out six recommendations for businesses to prevent fraud:

  1. Keep track of transactions and reconcile accounts daily
  2. Set purchase amount limits
  3. Verify billing addresses using the address verification system
  4. Make sure the buyer has to enter the card's card verification value (CVV)
  5. Require users to set strong passwords
  6. Ensure the operating system and business software are up to date

Here's the problem: PayPal is safe from hackers, but you aren't. They are looking for vulnerabilities in your purchasing activity, online and in the real world.

PayPal's security measures

PayPal has other policies that are designed to address some of the fraudulent activities and miscellaneous shenanigans that evolved with e-commerce:

  • The PayPal Purchase Protection policy ensures that users are reimbursed in full, including shipping costs, if a product purchased online using PayPal arrives and is "significantly different from its description." It doesn't cover absolutely all purchases, but if you order a wedding gown and get a dishrag, you're covered.
  • If an order paid using PayPal doesn't arrive, you can report it and get a refund.
  • If an unauthorized purchase is made on your account, you're not liable for it if it is reported within 60 days.

PayPal vs. credit cards: Which is safer?

PayPal's procedures are pretty much the top of the industry standard for electronic transactions these days. That doesn't mean that every bank that issues a credit card meets the industry standard.

PayPal even pays hackers if they find vulnerabilities in its systems—referred to in the industry as "ethical hacking." According to Dean Turner, director of security intelligence at PayPal, "If you care about the product [and] you care about your customers, you care about your customers' security—this is what you have to do."

How Safe Are Credit Cards?

Credit card companies have been known to be resistant to some of the cybersecurity practices that PayPal employs. According to the Financial Services Roundtable, the banking industry does not pay hackers to alert them to security flaws, for example.

The basics of credit card fraud

In the world of consumer credit fraud protection, there are two broad categories of fraud: "card present" and "card not present." The first means that a physical card was stolen and used by a human being. The latter means the information was stolen and used. And that, increasingly, means it was used to make transactions on the web quickly, before the theft can be detected.

The companies that issue credit cards have the most incentive to prevent both types of fraud. That's because your liability is limited to $50 under U.S. law, regardless of how much is charged. That said, there are other big downsides for the customer in credit card security breaches, including some serious inconvenience and possible credit rating damage.

Credit card security measures

Most credit card companies have invested heavily in leading security technology to match those adopted by PayPal and other industry leaders. Not every credit card company is the same though, with some more advanced than others.

The biggest change in "card present" anti-fraud technology is the switchover to a card that uses a chip that is inserted into a reader to make a transaction rather than a magnetic stripe that is swiped along the side of the reader. The microchip in the card sends encrypted data, making the information harder to steal.

This improved technology, called EMV, has made it safer to use a credit card in a store by preventing the theft of your information as it is transmitted to complete the transaction. This leaves some responsibility for the user to take their own security precautions, particularly when making online purchases.

PayPal and credit card security breaches

Breaches of credit card data appear to be flowing at a greater rate than ever. The fault seems to lie with the retailers who accept credit cards, not with the credit card issuers. Some of the biggest breaches in recent years include Capital One, TJX Companies, and The Home Depot.

The problem in these and most other cases appears to be malware targeted at point-of-sale devices. That is, the retailer is storing credit card information in a way that makes it vulnerable to theft by hackers.

Recently, however, PayPal's security protocols have been called into question. The ethical hackers found ways to bypass certain PayPal security features, such as the one-time pin and two-factor authentication (2FA). PayPal reportedly brushed the issues off.

$285 billion

The amount of digital payments PayPal processed in the first quarter of 2021.

Tips for Protecting Yourself

When it comes right down to it, much of the responsibility for account security needs to be taken by the user, not the issuer. And that's true whether the company is PayPal or American Express, and whether it's a virtual account or a plastic card.

When using a credit card

A few tips for protecting yourself when using plastic credit cards:

  • Cut up any card you still have that doesn't have a chip in it. If you come across a reader that requires you to swipe the card, because the chip reader is malfunctioning or the store has an out-of-date-machine, avoid using it.
  • Use only bank-owned ATMs to get cash.
  • Pay for gas inside the station, not at the pump. Gas pumps are notoriously easy to outfit with a card skimmer that steals account information as it is used.

When using PayPal or a credit card online

  • Make online purchases only on secure sites. These usually have a url that starts with "https" (rather than "http") and display a symbol of a lock. These are signals that the connection between your web browser and the site's server is encrypted. This is by no means guaranteed protection but it closes off one avenue for fraud.
  • Don't use the public Wi-Fi available at coffee shops and airports. Use a virtual private network (VPN) instead.
  • Don't store your credit card information online at your favorite retailers. Type it in every time.
  • Beware of phishing attacks. These usually arrive via an email or text message promising you something great, if you only click this link.
  • Change the passwords on your credit card accounts (and your PayPal account) frequently, and don't use your name, your kids' birth dates, or any other too-obvious password.

Who Is PayPal Anyway?

PayPal Holdings Inc. is now a public company listed on the Nasdaq. It rolled out its first initial public offering in 2002 but was then acquired by eBay. At one point, PayPal was growing faster than its parent company. EBay decided to spin it off in 2014, and it again became a separate public company. In addition to Xoom, PayPal has acquired several other companies. These include Honey Science Corp., an online couponing site; iZettle, a payments processor; and Braintree, another mobile payment app.


Here are some brief answers to a few burning questions about PayPal and credit card security.

Is it safer to use PayPal or a credit card?

PayPal is at the top of the heap, security-wise. That's not surprising since it evolved with the web, and it has had to keep up with every fraudulent scheme that evolved with it. It has some additional features to give online shoppers ease of mind, such as a money-back guarantee if your online purchase turns out to be nothing like its description.

The credit card companies have spent a great deal of money and time putting security measures in place, as well they should. They are legally on the hook for all but the first $50 of any purchase fraudulently made through your account.

For any and all of these companies, thwarting fraudsters is a never-ending battle. Their customers can help by being careful how they use their accounts, whether it's a plastic credit card or an electronic app.

Is PayPal safe to link to a bank account?

To use PayPal, you have to link to a bank account or credit card, or deposit money directly to PayPal, or some combination of all of these. When any of these is used, the transaction is accomplished using encrypted data, meaning that your private account information is not revealed, even to the recipient of the money. It's cheaper to pay directly from your bank account. No additional fees are charged.

Can you get scammed with PayPal?

There are plenty of scam artists online who will accept PayPal or any other form of payment and deliver nothing in return, or nothing that resembles what you paid for. In that case, the PayPal protection program promises to fully reimburse your loss.

This is a generous policy, and there are at least two good reasons for it: PayPal can then collect enough information to report the malefactors to the authorities, and it can provide the confidence that its users need to use the PayPal platform.

One other type of scam to watch out for: If you get an email suggesting you download a new version of the PayPal app, don't click on it. Go to the PayPal site and confirm that there is a new version.

Is PayPal safe for debit cards?

Same answer as above. When you pay using the debit card option, the information is transmitted only in encrypted form.

Is PayPal safe to receive money?

Yes, and you can transfer it directly to your checking account from there.

The Bottom Line

PayPal or a credit card, or a PayPal credit card, can be used online and offline for routine transactions between buyers and sellers. When choosing which to use, consider convenience, the special features that come with the account, and the interest rates charged by the institution.

Whichever you use, some of the responsibility for safety rests with you. Use tough passwords and change them occasionally. Choose the online retailers you use wisely. Avoid public Wi-Fi, and log into your account frequently to check for mystery purchases.

If you want an alternative to PayPal, you might consider one of its big rivals. They include Google Pay, Stripe, Payoneer, and Skrill.


Payment methods and financing options

For your convenience, we offer a wide array of payment methods to complete your purchase on

The payment amount is authorized and held by your financial institution at the time you place your order. Your account is actually charged when your order ships.

Please note: Authorized and held amounts will not be available for other purchases. If an order is canceled, the authorization hold will expire in accordance with the terms of your bank or financial institution.

PayPal is a very safe and easy way to pay. You can use your credit card or bank account without exposing your account numbers. You can link your credit card or bank account to your PayPal account so you don't have to enter your card number or address everywhere you shop. Just log in to PayPal and quickly check out in a few clicks.

To pay by personal check, please call 1-800-999-2673.

Paypal Credit is a convenient and secure payment method that gives you the flexibility to purchase without using your credit card.

On orders over $1,500. No interest if paid in full in 6 months. Subject to credit approval.See more details.


How do I apply for PayPal Credit?

You may select PayPal Credit in the purchase process. When placing your order, you will be sent to the PayPal Credit website and asked to provide your birth date and the last 4 digits of your Social Security number. Accept the terms, and if approved, your purchase is complete.

How does the "No interest if paid in full in 6 months" promotion work?

If your order is greater than $1,500 and you are approved for PayPal Credit financing, you will receive monthly statements and will be required to make at least the minimum monthly payment displayed on your billing statement each month during the promotional period. As long as you pay in full by the promotion expiration date, you will not be billed interest. If you do not pay in full, interest will be billed from the date of purchase.

Where can I check my balance, make a payment or obtain information about my PayPal Credit account?

The PayPal Credit website provides access to account information. You can also call PayPal Credit at 1-866-528-3733.

Bose Pay

Bose Pay is a payment method powered by Klarna. It allows you to buy now and pay later. Spread the cost of your purchase over time with convenient, stress-free payment options. It is easy, safe to use, and interest free. Bose Pay lets you use your credit or debit card of choice and reminds you of your next payments to come.

Bose Pay payment plan options will vary depending on the total transaction value. When you choose Bose Pay as a payment method, a one-time service charge will be applied to your transaction. The applicable service charge will be determined as a percentage of your total transaction amount. To choose Bose Pay as a payment method, select “Pay later” at checkout.

For more information on how Klarna works, visit Klarna’s website.


PayPal launches its ‘super app’ combining payments, savings, bill pay, crypto, shopping and more

PayPal has been talking about its “super app” plans for some time, having recently told investors its upcoming digital wallet and payments app had been given a go for launch. Today, the first version of that app is officially being introduced, offering a combination of financial tools including direct deposit, bill pay, a digital wallet, peer-to-peer payments, shopping tools, crypto capabilities and more. The company is also announcing its partnership with Synchrony Bank for its new high-yield savings account, PayPal Savings.

These changes shift PayPal from being largely a payments utility that’s tacked on other offerings here and there, to being a more fully fleshed out finance app. Though PayPal itself doesn’t aim to be a “bank,” the new app offers a range of competitive features for those considering shifting their finances to neobanks, like Chime or Varo, as it will now also include support for paycheck Direct Deposits through PayPal’s bank partners with two-day early access, bill pay and more.

These features could make PayPal more competitive, as getting paid earlier has been one of the bigger draws among those considering digital banking apps instead of using traditional banks.

In addition to shifting their paychecks to Payal, customers’ PayPal funds can then be used for things that are a part of daily life, like paying their bills, saving or shopping, for example.

The enhanced bill pay feature lets customers track, view and pay bills from thousands of companies, including utilities, TV and internet, insurance, credit cards, phone and more, PayPal says. When bill pay first arrived earlier this year, it offered access to (single-digit) thousands of billers. Now, it will support around 17,000 billers. Customers can also discover billers through an improved, intelligent search feature, set reminders to be notified of upcoming bills and schedule automatic payments for bills they have to pay on a regular basis. The bills don’t have to only be paid from funds currently in the PayPal account, but can be paid through any eligible funding source that’s already linked to their PayPal account.

Via a Synchrony Bank partnership, PayPal Savings will offer a high-yield savings account with a 0.40% Annual Percentage Yield (APY), which is more than six times the national average of 0.06%, the company says. However, that’s lower than top rivals in the digital banking market offer, like Chime (0.50%), Varo (starts at 0.20%, but users can qualify to get 3.00% APY), Marcus (0.50%), Ally (0.50%), ONE (1.00% or 3.00% on Auto-Save transactions), and others. However, the rate may appeal to those who are switching from a traditional bank, where rates tend to be lower.

PayPal believes its high-yield offering will be able to compete not based on the APY alone, but on the strength of its combined offerings.

Image Credits: PayPal

“We know that about half of customers in the United States don’t even have a savings account, much less one with a very competitive rate,” notes PayPal SVP of Consumer, Julian King. “So all in all, we think that by bringing together the full set of solutions on the platform, it’s a really competitive offering for an individual.”

The app has also been reorganized to accommodate the new features and those yet to come.

It now features a personalized dashboard offering an overview of the customer’s account. The wallet tab lets users manage Direct Deposits and connect funding sources like bank accounts and debit and credit cards alongside the ability to enroll in PayPal’s own debit, credit and cash cards. And a finance tab provides access to the high-yield savings and the previously available crypto capabilities, which allows users to buy, hold and sell Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

The payments tab, meanwhile, will hold much of PayPal’s traditional feature set, including peer-to-peer payments, international remittances, charitable and nonprofit giving, plus now bill pay and a two-way messaging feature that allows users to request payments or say thank you after receiving a payment — whether that’s between friends and family or between merchants and customers. This addition could bring PayPal more in line with PayPal-owned Venmo, which already offers the ability to add notes to payments and make comments.

Messaging also ties into PayPal’s new Shopping hub, which is where the company is finally putting to good use its 2019 $4 billion Honey acquisition. Honey’s core features are now becoming a part of the PayPal mobile experience, including personalized deals and exclusive rewards.

Image Credits: PayPal

PayPal users will be able to browse the discounts and offers inside the app, then shop and transact through the in-app browser. The deals can be saved to the wallet for future use, so they can be applied if shopping later in the app or online. Customers will also be able to join a loyalty program, where they can earn cashback and PayPal shopping credit on their purchases. The company says these personalized deals will improve over time.

“We’ll use AI and [machine learning] capabilities to understand what kind of shopping deals are most interesting to customers and continue to develop that over time. They’ll just get smarter and smarter as the product gets more usage,” notes King. This will include using the data about the deals a customer likes, then bringing similar deals to them in the future.

Also new in the updated mobile app is the addition of PayPal’s crowdsourced fundraising platform, the Generosity Network, first launched late last year. The network is PayPal’s answer to GoFundMe or Facebook Fundraisers, by offering tools that allow individuals to raise money for themselves, others in need, or organizations like small businesses or charities. The network is also now expanding to international markets with Germany and the U.K. to start, with more countries to come.

As PayPal has said, the new app is laying the groundwork for other new products in the quarters to come. The biggest initiative on its roadmap is a plan to enter the investment space, to rival other mobile investing apps, like Robinhood. When this arrives, it will support the ability to buy stocks, fractional stocks and ETFs, PayPal says.

It will also later add support for paying with QR codes in an offline environment, and tools for using PayPal to save while in stores.

The updated app is rolling out starting today in the U.S. as a staggered release that will complete in the weeks ahead. However, PayPal Savings won’t be available immediately — it will arrive in the U.S. in the “coming months,” as will some of the shopping and rewards tools.



Can PayPal Serve As Your Bank Account?

More than 300 million people and businesses worldwide use PayPal to send money, receive money and shop online. Along with digital payments, PayPal offers other financial services like debit cards, prepaid cards, credit cards and lines of credit. If you don’t already have a checking or savings account, you may be considering using PayPal as your everyday banking solution. After all, PayPal offers convenience and a digital-first experience.

However, while PayPal offers some bank-like features, PayPal is not a bank and it doesn’t provide the same range of financial services. Depending on what you need from your banking relationship, PayPal may or may not cover all of the bases.

Here’s a closer look at PayPal—and the financial products and services it offers—to help you decide whether it’s the right fit for your goals.

What Is PayPal and How Does It Work?

What Is PayPal?

PayPal is a digital payments company available in more than 200 countries. It offers the ability to make transactions in 25 currencies. And it was one of the first companies to make it possible for people to easily and securely shop online and send money to people electronically. Although PayPal is not a bank, it partners with banks—like The Bancorp Bank and Synchrony Bank—to offer various products like debit cards, prepaid cards, credit cards and lines of credit.

How Does It Work?

PayPal allows you to connect an external bank account, credit card and debit card and use the service to shop online securely. It acts as an intermediary between your payment method and merchants, keeping your payment information safer.

You can also use PayPal to make online payments or to send and receive money between friends, family and business partners.

Do You Need a Bank Account for PayPal?

No, you don’t need a bank account to sign up for PayPal or to receive payments. You can, however, connect your PayPal account to a bank account, a debit card or a credit card account for sending and receiving payments and transferring funds.

PayPal Products and Services

PayPal offers several banking products and financing options:

  • PayPal Cash and Cash Plus Accounts. If you want to keep money in PayPal, you’ll need either a PayPal Cash or PayPal Cash Plus account linked to your personal account. These two cash balance accounts let you send money from your PayPal balance, hold money in PayPal and shop in-store with your balance with Google Pay or Samsung Pay (where accepted). PayPal Cash Plus is a more advanced account that you get when you apply for a PayPal Cash Mastercard or enroll in direct deposit to add your paychecks to your PayPal balance automatically.
  • PayPal Cash Mastercard. This debit card lets you use your PayPal balance to spend money online or in stores, wherever Mastercard is accepted, just like a bank account with a debit card. You can also use this card to withdraw cash, fee-free, at more than 33,000 MoneyPass ATMs worldwide. There’s no monthly fee, no minimum balance and no credit check to get this card. Receiving this card also makes your PayPal Cash Plus account balance eligible for pass-through FDIC insurance, through one or more partner banks. (More on FDIC insurance below.)
  • PayPal Prepaid Mastercard. This prepaid card gives you a convenient way to manage your spending, while also giving you the option of setting up a tiered-rate savings account that offers 5.00% APY on an average daily balance of $1,000 or less. Any portion of the balance above $1,000 earns 0.50% APY. This account is FDIC insured through The Bancorp Bank.
  • PayPal Cashback MasterCard®*. This credit card pays 2% cash back on every purchase where Mastercard is accepted, with no annual fee and no category restrictions.
  • PayPal Extras Mastercard®*. This credit card offers reward points for spending in specific categories. Cardholders earn 3 points per dollar spent on gas and restaurant purchases, 2 points per dollar spent on PayPal and eBay purchases, and 1 point per dollar spent on all other Mastercard purchases. You can redeem rewards for cash back, travel vouchers, gift cards or merchandise.
  • PayPal Credit. This is a digital, reusable credit line that allows you to pay over time for purchases of $99 or more. If you pay off your purchase within six months, you won’t owe interest. There’s no annual fee, and you can use PayPal Credit wherever PayPal is accepted.
  • Pay in 4. This is a buy now, pay later option that lets you use PayPal to pay for a purchase in four installments, with one payment every two weeks. These installment payments are interest-free and using this option does not affect your credit score.

Can PayPal Serve as Your Bank Account?

PayPal offers several financial services and products that may serve the banking needs of some people. You can use PayPal to pay your bills, online or from the PayPal app. If you’re looking for a convenient way to get more benefits from your PayPal account, some of the PayPal credit cards, debit cards or financing options could be helpful.

Especially if you can’t qualify to open a traditional bank account because of a bad ChexSystems score, PayPal may offer an effective way to manage your money.

PayPal itself is not a bank, so, if you are leaving money in your PayPal account, that money is not FDIC insured in the same way it would be in a bank account. If you want FDIC insurance for your PayPal balance, your best option is to request (and receive) a PayPal Cash Card.

Once you have a PayPal Cash Card, PayPal will begin to deposit your funds into a pooled account held by PayPal at an FDIC-insured bank. PayPal’s intent is to provide these funds with the benefit of pass-through FDIC insurance up to the applicable limits. With that being said, if you are keeping a significant amount of funds in your account, we’d recommend using an account that offers direct FDIC insurance.

PayPal also doesn’t offer the same range of financial products and experiences as a full-service bank. One small example: PayPal doesn’t provide paper checks, often a standard feature offered with checking accounts found at banks. And, if you want the in-person experience of a brick-and-mortar bank, PayPal isn’t the service for you. PayPal also doesn’t provide other products and services that you may find at a full-service bank, such as auto loans, home mortgages, home equity lines of credit or wealth management.

Alternatives to PayPal

PayPal might not be able to serve as a bank replacement. If you want the protection and convenience of a bank checking account or credit union share draft account, PayPal may not be the best choice. Although PayPal can provide some helpful financial products and tools for online payments, you may want to look elsewhere for the relationship that will serve as your financial home base.

Here are a few alternatives to using PayPal as your bank account:

  • Consider a credit union. If you haven’t had a good experience as a bank customer, or if you want an alternative to keeping your money with banks, you may want to try becoming a member of a credit union. Credit unions are community-based and member-owned nonprofit organizations. As such, they tend to charge lower rates and provide better deals to their members.
  • Try mobile banking features. If you like the digital-first experience of using PayPal, consider checking out the latest mobile banking app features being offered by banks and credit unions. Many banks have improved their digital experiences, providing better tools and features for customers, like advanced account insights and automated savings.
  • Get a second chance bank account. If you have a track record of having your bank account closed or other bad marks on your banking history, you may want to apply for a second chance banking account. These accounts, offered by some banks and fintechs, help people get a fresh start in banking.

Bottom Line

PayPal offers compelling options and value-added services for people who may want a debit card, prepaid card, cash back credit card, access to small lines of credit and convenient online payments. But if you want a full-service banking experience, using PayPal as your bank account may not provide the range of services and tools you need.

You may find that you get the best experience from your PayPal account while relying on a bank or credit union as the steady home base for your money. Using PayPal in addition to a bank account, not PayPal as a sole bank account, may provide the best functionality. That said, whether you use PayPal as your primary financial account is ultimately up to you and your needs as a consumer.

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If you’re seeing an account named “SYNCB/PPC” show up on your credit reports out of the blue, it could be because you have an old PayPal Credit or Bill Me Later account.

If you’ve ever had one of these accounts, you may be seeing it reported to the consumer credit bureaus for the first time. Here’s what you need to know.

What’s on your credit reports? See My Reports Now

What is SYNCB/PPC?

On your credit reports, the acronym SYNCB/PPC stands for Synchrony Bank/PayPal Credit. PayPal Credit is a line of credit that PayPal account holders can apply for. It used to be known as Bill Me Later.

In 2018, Synchrony Bank bought PayPal Credit accounts from PayPal, including the debt owed by those accounts. That money is now owed to Synchrony Bank instead.

If you had an account with PayPal Credit or Bill Me later, Synchrony Bank may now be reporting your account activity to the major consumer credit bureaus.

What’s on your credit reports? See My Reports Now

Why is SYNCB/PPC on my credit reports?

Some people report that their old PayPal Credit or Bill Me Later accounts are now appearing on their credit reports for the first time. So why the change?

When PayPal Holdings owned these accounts, it was likely not reporting on them to the bureaus. Now that Synchrony Bank has taken the accounts on, it seems that they’re getting reported to the bureaus.

There are a few different areas of your credit reports where you might see SYNCB/PPC — here’s how it might be showing up and what to do about it.

How to read a credit report

Hard inquiries

If you’ve applied for a new PayPal Credit account, you’ll likely see a hard inquiry for the account on your reports. Synchrony Bank will have done a hard pull to check your credit as part of its evaluation of your application.

Hard inquiries can have a negative impact on your credit scores, and they can show up on your credit reports for up to two years.

If you didn’t apply for PayPal Credit and you have a hard inquiry associated with SYNCB/PPC on your reports, it could be a red flag that you’re facing a case of identity theft. If that’s the case, you’ll want to take action immediately.


How to remove a SYNCB/PPC hard inquiry

If there’s an inaccurate hard inquiry from Synchrony Bank on your credit reports, you have a right to dispute it with the credit bureaus. Once you file your dispute, the bureaus are required to investigate and correct any information they determine to be inaccurate. Read more for some tips on how to remove inaccurate hard inquiries from your credit reports.


Active or closed accounts

PayPal Credit accounts could also appear on your credit reports in the accounts section as either active or closed accounts.

If, at one time, you had a PayPal Bill Me Later or Credit account, the closed or active account may have been reported to the bureaus for the first time. And now that Synchrony Bank owns the accounts, it can also raise or lower credit lines and close accounts for inactivity (even if you don’t owe any money on the account). Both of these can affect your credit scores.

But if the account still doesn’t ring any bells, you should contact Synchrony Bank. It’s possible there was a mistake or that someone fraudulently used your identity to apply.

What to do if there’s an account you don’t recognize on your credit reports

A PayPal Credit account that’s recently showed up on your reports and negatively affected your credit scores could be an unwelcome surprise. If it’s legitimate, it’s unlikely you’ll be able to get it removed, but there are steps you can take to help your credit bounce back.

If you still don’t recognize this PayPal Credit hard inquiry or account, your identity might have been stolen. It’s important that you act immediately if you suspect this is the case.

It’s a good idea to regularly check your credit reports — you’re periodically entitled to one free credit report from each of the three main consumer credit bureaus, which you can request at And there are other steps you can take to help protect yourself from identity theft, like creating strong passwords.

What’s on your credit reports? See My Reports Now

About the author: Casey Hollis is a managing editor at Credit Karma, specializing in credit card reviews and education. Throughout her career in writing and editing informational content — from health news and advice at … Read more.

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