How Does PayPal Credit Differ From Bill Me Later?


Quick Answer

PayPal Credit is now the brand name for Bill Me Later and offers the same services as Bill Me Later. Existing Bill Me Later accounts are automatically transferred into PayPal Credit, and customers can link their credit account with their PayPal account.

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Full Answer

PayPal Credit is a service that offers buy now and pay later convenience to consumers purchasing items online, acting as an alternative to a standard PayPal account. Consumers can sign up for PayPal Credit at the PayPal website. Approval for a credit account requires passing a credit check, and the line of credit is provided by Comenity Capital Bank. The application process is quick, and personal information needed includes date of birth and four digits of a valid Social Security number. Consumers must accept all PayPal Credit terms and conditions when submitting an application.

Benefits of PayPal Credit include easy checkout payment processing, flexible bill payment options and fraud protection. Linking a PayPal Credit account to a PayPal account allows for easy management of both accounts using the same platform, and consumers can switch from immediate payment to credit when desired. Consumers can pay the entire bill at once or opt for monthly payments with special financing. Credit accounts are protected by the PayPal zero-fraud liability policy that allows users to dispute unauthorized charges.

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