Synchrony and PayPal now offer PayPal Credit Card cardholders special financing everywhere Mastercard is accepted. This special financing is now available both in online checkout and in stores across the Mastercard network. Synchrony announced in June 2025 that PayPal introduced a new physical card, issued by Synchrony, that enables PayPal Credit to be used both online when checking out with PayPal and in-store and everywhere Mastercard is accepted. They added that Pay Later customers are incremental rather than substitutive, without cannibalization of private-label and co-brand cards. Even though Pay Later tends to start with single purchases, repeat behavior had begun to surface, executives said during the call.