ok Im buying $100 worth of stuff with paypal. I have the money in my account but when I went to check out it asked me if i would like try a new feature called paylater.
No interest, no fees, just pay in 90 days.....after 91 days interest starts. This would be awesome b/c then I could keep this 100 bucks and then after i start my summer job that I already have I could then....
is this to good to be true? Will there be any extras fee or anything?
No interest, no fees, just pay in 90 days.....after 91 days interest starts. This would be awesome b/c then I could keep this 100 bucks and then after i start my summer job that I already have I could then....
is this to good to be true? Will there be any extras fee or anything?
Do you like choices? We thought so. That's why you've got a new choice from PayPal: shop now and pay for your purchases later. It’s called Bill Me Later ® .
Here's how it works:
Check out with PayPal and login
Select Bill Me Later to fund your purchase
Answer 2 quick questions & accept the terms
That’s it... get approved in seconds. The freedom to pay later, in only a few clicks.
Bill Me Later is subject to credit approval as determined by the lender, CIT Bank, Salt Lake City, Utah and is available to US customers who are of legal age in their state of residence. You must pay with Bill Me Later to get the offer. Offer not valid on previous purchases, returns, or exchanges. Limit one per customer.
Special Offer: Take 90! No Payments. No Interest. 90 Days. (Extended Grace Period)
We're extending you a little grace - 90 days with no payments or interest. Really, you don’t lift a finger. That means… No bill to pay. No Interest Charged. For 90 days. Interest begins on day 91.
It's a limited time offer that's only available through PayPal. Complete your purchase by midnight Eastern Standard Time on April 30, 2010 to receive this offer. Limit 1 per customer. Non-transferrable.
Simply select "Yes, I'll Take 90..." in order to receive this offer.
You'll receive monthly statements...
Pay for your purchase in full within 90 days and you will not be charged any interest. If you still have a balance on the 91st day after your purchase, interest will begin to accrue.
If approved, CIT Bank will make a loan to you for the amount financed to pay for your purchase. CIT Bank will pay the merchant on your behalf to pay for the purchase.
Frequently Asked Questions
How do I start using Bill Me Later?
What if I want to use Bill Me Later every time I check out with PayPal?
Are Bill Me Later and PayPal the same company?
I saw a Bill Me Later promotion at an online store. Why didn’t I see it when I checked out with PayPal?
Is there an annual fee to use Bill Me Later?
What is the Annual Percentage Rate?
How does the "Take 90" promotion work?
Does Bill Me Later protect me from liability for unauthorized charges?
What does "Subject to Credit Approval" mean?
Do you review my credit report every time I make a purchase?
Do I have a credit line and how much is it?
Where else can I use Bill Me Later?
How do I use Bill Me Later for my purchase today?
How do I start using Bill Me Later?
Just select Bill Me Later as your payment choice when you check out. You'll give your date of birth and the last 4 digits of your social security number, accept the terms, and you're done. Approval takes only seconds. Once you've started using Bill Me Later, you'll see it as a payment option when you check out with PayPal.
Back to top
What if I want to use Bill Me Later every time I check out with PayPal?
During checkout go to the "More Funding Options" page and make Bill Me Later your preferred payment source for future PayPal transactions. Or at any time, log into your PayPal account, click on "Profile", select Bill Me Later then click on update preferences.
Back to top
Are Bill Me Later and PayPal the same company?
PayPal acquired Bill Me Later in November 2008. Both Bill Me Later and PayPal are committed to providing customers with the fastest, most convenient online buying experience.
Back to top
I saw a Bill Me Later promotion at an online store. Why didn't I see it when I checked out with PayPal?
Many online stores offer exclusive Bill Me Later promotions such as free shipping, dollars off, and more time to pay. To take advantage of those deals, you need to select Bill Me Later directly from the online store. If you choose the Bill Me Later option when checking out with PayPal, you may see a different promotion that is exclusive to PayPal customers.
Back to top
Is there an annual fee to use Bill Me Later?
No. There is no annual fee for using Bill Me Later.
Back to top
What is the Annual Percentage Rate?
The Annual Percentage Rate is 19.99%. The Minimum Finance Charge is $2.00.
Of course, you can choose to pay your entire balance by the payment due date and pay no finance charges.
Back to top
How does the "Take 90" promotion work?
Make no payments for 90 days. You will receive monthly statements and can make payments at any time. If you pay for your purchase in full within 90 days, you will not be charged any interest. If you still have a balance on the 91st day after your purchase, interest will begin to accrue.
Back to top
Does Bill Me Later protect me from liability for unauthorized charges?
Yes. Bill Me Later provides "zero fraud liability" protection-the same protection provided by most major credit cards. This means you are not responsible for unauthorized charges. And we validate your identity with details such as your date of birth and the last four digits of your Social Security Number. This means there is no account number that can be lost or stolen.
Back to top
What does "Subject to Credit Approval" mean?
Bill Me Later is a credit account that you can use to make purchases. CIT Bank will review and consider your credit report and other credit related information prior to approval. Credit worthiness is determined by CIT Bank.
Back to top
Do you review my credit report every time I make a purchase?
CIT Bank does not review your credit report for each transaction. However, your credit report may be reviewed for some transactions and periodically to provide you with the maximum possible buying power.
Back to top
Do I have a credit line and how much is it?
CIT Bank does not issue a credit line. To enhance your convenience, security and buying power, CIT Bank approves and extends credit for each transaction.
Back to top
Where else can I use Bill Me Later?
Bill Me Later is available at thousands of online stores that accept PayPal. It is also available on eBay and exclusively on thousands of other online stores that accept Bill Me Later.
Back to top
How do I use Bill Me Later for my purchase today?
Just select Bill Me Later as your payment choice when you check out. If it's your first time using Bill Me Later through PayPal, you'll give your date of birth and the last 4 digits of your social security number, and accept the terms. Approval takes only seconds. If you've used Bill Me Later through PayPal before, it will appear as one of the PayPal payment options when you check out.
Back to top
Here's how it works:
Check out with PayPal and login
Select Bill Me Later to fund your purchase
Answer 2 quick questions & accept the terms
That’s it... get approved in seconds. The freedom to pay later, in only a few clicks.
Bill Me Later is subject to credit approval as determined by the lender, CIT Bank, Salt Lake City, Utah and is available to US customers who are of legal age in their state of residence. You must pay with Bill Me Later to get the offer. Offer not valid on previous purchases, returns, or exchanges. Limit one per customer.
Special Offer: Take 90! No Payments. No Interest. 90 Days. (Extended Grace Period)
We're extending you a little grace - 90 days with no payments or interest. Really, you don’t lift a finger. That means… No bill to pay. No Interest Charged. For 90 days. Interest begins on day 91.
It's a limited time offer that's only available through PayPal. Complete your purchase by midnight Eastern Standard Time on April 30, 2010 to receive this offer. Limit 1 per customer. Non-transferrable.
Simply select "Yes, I'll Take 90..." in order to receive this offer.
You'll receive monthly statements...
Pay for your purchase in full within 90 days and you will not be charged any interest. If you still have a balance on the 91st day after your purchase, interest will begin to accrue.
If approved, CIT Bank will make a loan to you for the amount financed to pay for your purchase. CIT Bank will pay the merchant on your behalf to pay for the purchase.
Frequently Asked Questions
How do I start using Bill Me Later?
What if I want to use Bill Me Later every time I check out with PayPal?
Are Bill Me Later and PayPal the same company?
I saw a Bill Me Later promotion at an online store. Why didn’t I see it when I checked out with PayPal?
Is there an annual fee to use Bill Me Later?
What is the Annual Percentage Rate?
How does the "Take 90" promotion work?
Does Bill Me Later protect me from liability for unauthorized charges?
What does "Subject to Credit Approval" mean?
Do you review my credit report every time I make a purchase?
Do I have a credit line and how much is it?
Where else can I use Bill Me Later?
How do I use Bill Me Later for my purchase today?
How do I start using Bill Me Later?
Just select Bill Me Later as your payment choice when you check out. You'll give your date of birth and the last 4 digits of your social security number, accept the terms, and you're done. Approval takes only seconds. Once you've started using Bill Me Later, you'll see it as a payment option when you check out with PayPal.
Back to top
What if I want to use Bill Me Later every time I check out with PayPal?
During checkout go to the "More Funding Options" page and make Bill Me Later your preferred payment source for future PayPal transactions. Or at any time, log into your PayPal account, click on "Profile", select Bill Me Later then click on update preferences.
Back to top
Are Bill Me Later and PayPal the same company?
PayPal acquired Bill Me Later in November 2008. Both Bill Me Later and PayPal are committed to providing customers with the fastest, most convenient online buying experience.
Back to top
I saw a Bill Me Later promotion at an online store. Why didn't I see it when I checked out with PayPal?
Many online stores offer exclusive Bill Me Later promotions such as free shipping, dollars off, and more time to pay. To take advantage of those deals, you need to select Bill Me Later directly from the online store. If you choose the Bill Me Later option when checking out with PayPal, you may see a different promotion that is exclusive to PayPal customers.
Back to top
Is there an annual fee to use Bill Me Later?
No. There is no annual fee for using Bill Me Later.
Back to top
What is the Annual Percentage Rate?
The Annual Percentage Rate is 19.99%. The Minimum Finance Charge is $2.00.
Of course, you can choose to pay your entire balance by the payment due date and pay no finance charges.
Back to top
How does the "Take 90" promotion work?
Make no payments for 90 days. You will receive monthly statements and can make payments at any time. If you pay for your purchase in full within 90 days, you will not be charged any interest. If you still have a balance on the 91st day after your purchase, interest will begin to accrue.
Back to top
Does Bill Me Later protect me from liability for unauthorized charges?
Yes. Bill Me Later provides "zero fraud liability" protection-the same protection provided by most major credit cards. This means you are not responsible for unauthorized charges. And we validate your identity with details such as your date of birth and the last four digits of your Social Security Number. This means there is no account number that can be lost or stolen.
Back to top
What does "Subject to Credit Approval" mean?
Bill Me Later is a credit account that you can use to make purchases. CIT Bank will review and consider your credit report and other credit related information prior to approval. Credit worthiness is determined by CIT Bank.
Back to top
Do you review my credit report every time I make a purchase?
CIT Bank does not review your credit report for each transaction. However, your credit report may be reviewed for some transactions and periodically to provide you with the maximum possible buying power.
Back to top
Do I have a credit line and how much is it?
CIT Bank does not issue a credit line. To enhance your convenience, security and buying power, CIT Bank approves and extends credit for each transaction.
Back to top
Where else can I use Bill Me Later?
Bill Me Later is available at thousands of online stores that accept PayPal. It is also available on eBay and exclusively on thousands of other online stores that accept Bill Me Later.
Back to top
How do I use Bill Me Later for my purchase today?
Just select Bill Me Later as your payment choice when you check out. If it's your first time using Bill Me Later through PayPal, you'll give your date of birth and the last 4 digits of your social security number, and accept the terms. Approval takes only seconds. If you've used Bill Me Later through PayPal before, it will appear as one of the PayPal payment options when you check out.
Back to top
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