The Bill Me Later Payment Method

The Bill Me Later payment method is a variation of the credit card in which you do not have to register or set up an account with the creditor before making a purchase. With this program, you can shop with many online merchants and then simply choose the Bill Me Later payment option when you checkout. Here are the basics of the Bill Me Later program and how it works.

Bill Me Later

The Bill Me Later program is a company that is a division of PayPal. With this payment method, you can purchase goods on thousands of different online retailers. You can shop online for many different products and proceed with the purchase as if you were about to pay with a credit or debit card. When you get to the portion of the purchase where you will usually enter your credit card number, you can simply select the Bill Me Later payment option.

Once you do this, you will then have to enter your birth date and the last 4 numbers of your Social Security number. At that point, Bill Me Later will make an instant decision as to whether you should be approved for the purchase or not. It will alert you if you are approved. At that point, you will fill out any other personal information that is needed in order to ship your purchase to you. No money from your personal account will be used during this transaction.


After you make a transaction, Bill Me Later will send you a statement. It will provide you information about your total balance and how much your minimum payment will be. They will also tell you when the due date of your first payment is. The terms of your agreement will depend on which merchant you make your purchase from. Some of the merchants will run specials such as providing you with 90 days to pay off your bill. 

Bill Me Later will charge interest on your balance until it is paid off just like a credit card company does. The interest rate that they charge is 19.99%. Therefore, it is very similar to credit card interest rates. When you have to pay this much interest on your purchase, you need to make sure that you pay it off as quickly as possible.


There are many merchants that accept Bill Me Later as a method of payment. There are currently more than 1,000 online merchants that you can utilize this service with. For example, some of the companies that you can use this service with are Wal-Mart, HP, Costco,, eBay, Hotwire, The Apple Store, and NewEgg. 

Fraud Protection

Another nice feature that is offered by Bill Me Later is fraud protection. They offer fraud protection for all of their customers so that if someone tries to make a purchase in your name, you will not be responsible for the charges that were incurred. They use a zero fraud liability policy.

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