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on 08-16-2012 09:18 AM
Bill Me Later is essentially a line of credit or a virtual credit card, for lack of a better description. The service is owned by PayPal. Basically, if you are approved, they will send you an invoice for the items you have purchased using it. You will have the choice of paying the entire amount or making payments over time. If you don't pay it off in full, they charge nearly 20% interest (last time I looked).
Additional info: http://billmelater.ebay.com/
Best of luck!
on 08-16-2012 09:17 AM
It is a high interest loan that buyers can apply for to pay for eBay purchases.
Sellers are paid in full with PayPal and never even know the buyer used the service.
on 08-17-2012 06:09 AM
i have to check mt bank ststement for sure, but i beleive bill me later pays pay pal vendors for purchases and consolidates individual purchases to a monthly billing cycle. that is my opinion i am still going to the bank to check for payments made on individual items. michaelh4142012