How does bill me later work?

[AlexandriaReene]

Hi Guys! I am purchasing a bag through a private seller! I am using paypal, but i want to try out using Bill Me Later, Does anyone know how this exactly works i've done reasarch and still dont know how to check bill me later when sending a payment? Anyone know or can help out that'd be great!


Thanks!

 

[BerryWriter]

Exactly the same as a credit card, because that's what it is, just without a physical card.

 

[Lady Chinadoll]

^ I wonder what interest rate they charge? Do you happen to know?

 

[tobefetching]

I'm sure it's based on your personal credit score, but if memory serves me correctly, it's pretty high... 20% or so. And I have good credit! I just pay it off quickly as not to worry about it, but if you intend to pay slowly over time, it kind of sucks. The good thing about them is they run "no interest if paid in full by 6 months" type promotions every once in a while. They usually offer that to first time user when they sign up too.