Presently known as PayPal Credit, Bill Me Later is a payment method offered on the websites of top merchants, such as Home Depot, Overstock.com, Jewelry Television, USPS and Walmart. Others include Hotels.com, Best Buy, B&H Photo Video, and JetBlue Airways.
Bill Me Later started in 2000 to provide a line of revolving credit through Comenity Capital Bank. The service helps customers to make purchases online without using credit cards. It was one of the first companies to receive the Red Herring Global 100 Award. Ebay, previously a PayPal company, acquired Bill Me Later in 2008. The acquisition led to changing its name to PayPal Credit, a service that lets customers buy products now and pay later. A person needs to apply for the service in order to use it. PayPal requires date of birth and the last four digits of the Social Security number of an individual.
PayPal Credit is available within a checkout process on the merchants' websites, eliminating the need to enter accounts or to fill credit applications. Customers can link their PayPal Credit to their PayPal accounts to use the service at any store that accepts PayPal payments. PayPal Credit provides special financing offers that allow the flexibility to buy whatever one wants and choose how to pay for it.