Paypal Credit is testing promotional financing of 3-Month Easy Payments at 0% APR for purchases as low as $30 for the first time under a partnership with Synchrony Bank. 

Retailers will be able to offer the promotional financing to customers, which requires no down payment. The retailer will be paid upfront as well.

"Paypal Credit has created a culture of empowered shoppers," Susan Schmidt, vice president of U.S. consumer credit at Paypal, said in a company release. "Shoppers do not need to apply for a new credit line each time they use Paypal Credit, they only need to apply once."