Bill Me Later is a PayPal company (acquired by eBay in 2008) and is easy to use. It offers a convenient and secure way to pay on the web or over the phone without having to use a credit card. Bill Me Later is available at more than 1000 online stores, catalogs and travel partners.
Bill me later is simple to use, and similar to using PayPal. Once you are ready to buy something online, remember to select Bill Me Later at checkout and you’ll be on your way to buying what you want in a fast, secure way. Plus, you don’t have to pay right away!
To view the store directory and store discounts through Bill Me Later, click here.
Credit Approval: Bill Me Later is subject to credit approval, as determined by the lender, WebBank. “Subject Credit Approval” means that WebBank will review and consider your credit report and other credit related information prior to opening your account and establishing your buying power. This process happens very quickly during the Bill Me Later checkout process.
APR and Late Fees: There is no annual fee to use Bill Me Later and the APR (Annual Percentage Rate) is 19.99%, but you can opt to pay your entire balance by the payment due date and pay no finance charges. Bill Me Later will also charge a late fee of $25 if the minimum payment is not paid in full by the payment due date, which is shown on your statement. If you’re late to pay the full amount again, the late fee will be $35.
Make a Payment: To make a payment towards your Bill Me Later balance, just log in to PayPal. You’ll see the Bill Me Later box on your Account Overview page. Click the Schedule Payment button to send a payment immediately or set one up for a future date. You can schedule up to three payments in advance.
Find your Bill Me Later Statement: To find your Bill Me Later statement, log into PayPal and look for the Bill Me Later box on your Account Overview page. Click the View Statement link, and you’ll be redirected to a secure site where you can see your statement and all of your Bill Me Later activity.
Understanding “Buying Power”: The definition of “buying power” is the ability of a consumer to use liquid assets to purchase the desired quantity and quality of products that will meet current wants and needs. According to the Bill Me Later support page, here’s an example of how buying power works:
- If your first purchase using Bill Me Later is $150 dollars, your initial buying power will be $250.
- If you pay your first bill before you make another purchase for $300, we will adjust your buying power to $450 (if you are eligible for higher buying power).
- Then, if you pay off $350 of your first bill, you will have $350 of buying power remaining. If you want to make another purchase using Bill Me Later for more than $350, we will increase your buying power again (if you are eligible for higher buying power).
You can always continue to make additional purchases up to your outstanding buying power, and we will consider increasing your buying power when your purchase goes above it.