Bill Me Later Basics
What is Bill Me Later?
Bill Me Later is a PayPal service that lets you buy now and pay later. It’s a secure, instant, and reusable credit line that doesn’t require you to keep another credit card in your wallet. Bill Me Later is offered as a payment option at thousands of online stores. (Bill Me Later is subject to credit approval and offered by Comenity Capital Bank). Bill Me Later lets you pay for your purchases in 2 simple steps—just enter your birth date and the last 4 digits of your Social Security number and accept the terms. Approval takes only seconds. Set Bill Me Later as your preferred payment method and you’ll speed through PayPal checkout even faster. And it gets better: you’ll get access to special offers, like 6 months special financing. (Minimum purchase and payments may be required).
How can I get Bill Me Later?
Simply log in to PayPal.com and apply for a Bill Me Later account—it takes just a few seconds. Just enter your birth date and the last 4 digits of your Social Security number and accept the terms. Approval takes only seconds. Don’t have a PayPal account? No problem—you can apply for Bill Me Later here.
How does Bill Me Later work with PayPal?
The next time you check out with PayPal, select Bill Me Later as your payment method. A window will appear on your screen asking for your birth date and the last 4 digits of your Social Security number. Once you accept the terms, approval takes just seconds; Bill Me Later will then be added to your PayPal account automatically. Have an existing Bill Me Later account? It’ll be added to your PayPal account as soon as you complete your purchase.
It’s a smart idea to link your PayPal and Bill Me Later accounts—you’ll be able to speed through checkout, manage your accounts in one place at PayPal.com, and even pay your Bill Me Later bill with your PayPal balance. You can also keep track of all your purchases. Link now.
I just used Bill Me Later. Now what?
Shortly after your first purchase, you’ll receive a welcome email (if you didn’t receive this email, please update your spam filters to accept Bill Me Later messages). Then, about 10 to 14 days after your purchase ships from a retailer or your travel is ticketed, you’ll receive a billing statement in the mail. If you opened your account via PayPal or eBay, your statement notifications will arrive via email. You can also log in to PayPal.com at any time to view your purchases and keep track of when payments are due.
If you have not already linked your PayPal and Bill Me Later accounts, take a moment to link them now to get the most from Bill Me Later—including PayPal Purchase Protection (on eligible purchases), the ability to use Bill Me Later anywhere PayPal is accepted, and Bill Me Later promotional financing offers at thousands of retailers that accept PayPal.
Do I get promotional financing on all of my Bill Me Later purchases?
Offers will vary depending on where you shop and how much you spend. Thousands of merchants that accept Bill Me Later offer extended payment options. To view a list of current offers, click here.
With these additional offers, you can still take longer than the usual monthly billing cycle to pay for purchases that aren’t eligible for special financing. If you choose to do so, interest will apply.
To help you understand how much time you have to pay, you can view your statement to see promotional financing purchases and payment information. Just log in to your account and click Statements. You can also view this information on your monthly billing statement. For more information about promotional financing offers or your specific promotional purchases, Contact Us.
Bottom line: You’re in control with promotional financing from Bill Me Later. Even when your purchases qualify for promotional financing, you can choose to pay your balance in full by the promotion expiration date to avoid interest, or you can take more time (with interest).
Is there an annual fee to use Bill Me Later?
There is no annual fee for using Bill Me Later.
What is my Annual Percentage Rate (APR)?
The Annual Percentage Rate is 19.99%. The Minimum Interest Charge is $2.00. Of course, you can choose to pay your entire balance by the payment due date and not incur interest charges.
If I pay late, will I be charged a fee?
If a minimum payment is not received by your payment due date (found on your statement) you will be charged a late fee in the amount of the missed payment—up to $25 the first time you are late. Subsequent late payments will be charged a late fee up to $35.
What is my credit line and how can I increase it?
When you open your Bill Me Later account you’ll receive a credit line equal to the amount of your first Bill Me Later purchase or $250, whichever is greater (your credit line will never be less than $250). As you continue to make purchases, your credit line may increase. When you attempt to make a purchase for an amount above your credit line, it will be treated as a request for a credit line increase.
Your eligibility for a credit increase is determined by your credit history and customer history with Bill Me Later. This process happens seamlessly during checkout—you don't need to do a thing and it won't slow down your checkout.
What does “subject to credit approval” mean?
Bill Me Later is a credit line provided by Comenity Capital Bank. Comenity Capital Bank will review and consider your credit report and other credit-related information prior to opening your account and establishing your credit line. Creditworthiness is determined by Comenity Capital Bank and only takes a matter of seconds as part of the checkout process.
Do you review my credit report every time I make a purchase?
No—a credit report is reviewed when you apply for a Bill Me Later account and occasionally when you ask for an increase in your credit line. Periodically, updates of your report are obtained, but these updates have no impact on your credit score. Your account is reviewed quarterly.
6 months special financing with no interest is available when you pay by PayPal. After 6 months your Annual Percentage Rate (APR) is 19.99%. The Minimum Interest Charge is $2.00. Of course, you can choose to pay your entire balance by the payment due date and not incur interest charges.