Ebay - bill me later?

[SweetScoops]

I don't really understand the concept of this (bill me later) :S Is there anyone who could explain this for me? I'd appreciate it!

[ponylady]

All it is a credit line, like a credit card but with out the card.

Here is info from there page.

What is Bill Me Later?
Bill Me Later, a PayPal service, is a convenient and secure payment method designed for purchasing on the web or over the phone. As an open-end credit account, Bill Me Later provides you with the flexibility to purchase without using your credit card.

Apply for Bill Me Later by providing your birth date and the last 4 digits of your Social Security number at checkout. Accept the terms, and if approved, your purchase is complete.

Bill Me Later is subject to credit approval as determined by the lender, WebBank, Salt Lake City, Utah, and is available to US customers who are of legal age in their state of residence

[SweetScoops]

Thank you!

[RockinPrettyBeats]

Like a credit card, if you pay it back within a month there are no fees :-)

[SweetScoops]

Like a credit card, if you pay it back within a month there are no fees :-)

That sounds great, I've never bought anything on credit before, but I might reconsider it now X)

[Dewprincess]

Yep, it's pretty much a credit card.  They often do a promotion where if you make a purchase over $99, it's interest free for 6 months.  That's how I talked myself into buying that vintage True Heart Care Bear

[RockinPrettyBeats]

Yep, it's pretty much a credit card.  They often do a promotion where if you make a purchase over $99, it's interest free for 6 months.  That's how I talked myself into buying that vintage True Heart Care Bear

You got a True heart Care Bear for $99? That seems like a really good deal!

Once the 6 months is over, the interest rate was so insanely high for me. I don't know if it's different for different people but yeah, it was crazy.

[Dewprincess]

She was $100 even with free shipping Buy It Now.  Couldn't pass that one up!

[Gingerbread]

I wish they'd introduce this to the UK, the amount of times I've missed out on something cos I've had to wait a couple days until I got paid...