Bill Me Later

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Bill Me Later is a payment method that allows people to “shop now and pay later.” It’s currently used on over 700 Websites, including the Apple Store, Overstock, Walmart.com, and ToysRus.com. Amazon will be offering the payment option as well.

The way Bill Me Later works is you enter your birth date and last four digits of your social security number online, and it does a credit check on you in three seconds to determine whether you are worth the risk. Bill Me Later pays the merchant, and sends you a bill.

Bill Me Later competes with PayPal’s Pay Later service.

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Bill Me Later

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Sources

1. thealarmclock.com [edit]
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