PayPal Credit
| Type of business | Subsidiary |
|---|---|
| Founded | Timonium, MD US (2000) |
| Headquarters | Timonium, Maryland US |
| Owner | PayPal |
| Parent | PayPal |
| Website | www |
| Alexa rank |
 5,766 (April 2014[update]) |
| Advertising | none |
| Current status | active |
PayPal Credit, formerly named Bill Me Later, is a proprietary payment method offered on the websites of many well-known merchants, including those of Wal-Mart, Home Depot, USPS, B&H Photo Video, Best Buy, , JetBlue Airways, Liquidation Channel, Jewelry Television and Hotels.com. The site, which offers consumers a line of revolving credit through Comenity Capital Bank, allows purchases to be made online without using a credit card. The company was one of the first recipients of the Red Herring Global 100 Award by the publication Red Herring.
On November 7, 2008, PayPal completed its acquisition of Bill Me Later. It was formerly owned by I4 Commerce.
After customers open their accounts (including credit check), Bill Me Later asks customers at every purchase to fill out the last 4 digits of their SSN and their date of birth. The approved customer can then pay the bill by mail (check), phone or online (via bank account) at www.billmelater.com. Bill Me Later accounts can be linked with PayPal accounts by visiting https://billmelater.com/linkpaypal. Once the Bill Me Later account is linked to PayPal, it becomes a funding option within the PayPal account and gives the option to pay off the Bill Me Later balance. Customers also get an email whenever they are declined. In cases when they are declined and they don't receive declined email/letter, they can contact Bill Me Later Customer Service to check if it was not a system issue. Bill Me Later isn't a credit card but a revolving line of credit offered by Comenity Capital Bank. Much like a traditional credit card, the company will charge late payments if necessary.
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Wikipedia