PayPal have just announced introduction of Bill Me Later as a payment option on eBay.com. There are no changes for sellers, and in fact sellers should never notice the difference from a standard PayPal payment. Buyers simply select Bill Me Later as a funding option when checking out via PayPal.
It’s a whole year since PayPal acquired Bill Me Later, and as an eBay company it’s high time it was integrated for eBay payments.
With an APR of 19.99% it’s not an attractive long term finance option, but for US customers who simply want to delay payment until pay day and then clear their balance if full it’s ideal. The minimum finance charge is $2.00.
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