Paypal credit is a payment method, which enables shoppers to buy now and pay later.
Paypal credit, gives you greater buying power, with Paypal financing. With this paypal offer, users, get to make more purchases, roughly 25% of Paypal users, confirm this. With this special credit financing, Paypal credit users, spend more online, because financing is made available, and additionally, their transactions, are up to 68% larger than credit/debit purchases.
Paypal credit, was formerly named “Bill me later”, it is a payment method, that is offered on many merchants websites, like; Best Buy, Overstock.com, Jewelry Television, Wal-Mart, Home Depot, USPS, B&H Photo Video etc. Consumers are offered a line of revolving credit with this site, through the Comenity Capital Bank, this enables users, make purchases online without using a credit card.
Paypal Credit can be used for purchases at thousands of stores, that accepts Paypal.
Benefits Of Using Paypal Credit
- Customers are offered no interest if paid in full within 6 months on purchases of $99 or more by Paypal credit
- Customers funds appear in their Paypal business account in minutes
- Pay directly within your existing Paypal checkout flow, so it’s simplified for both parties.
- You incur no extra charge, to show that Paypal credit is available on your site, just keep paying your normal bill.
How Paypal Credit Card Works
Once customers, accounts are opened, ( including credit check), Paypal-credit prompts customers at every purchase, to fill out the last 4 digits of their SSN with their date of birth.
The approved customer then has the access to pay the bill by mail (check), phone or online (thru bank account) at www.billmelater.com.
Customers can link Bill Me Later accounts, with Paypal accounts, if they visit https://billmelater.com/linkpaypal.
After the Bill Me Later account is linked to Paypal, it turns to a funding option within the Paypal account and gives the option to pay off the Bill Me Later balance.
Customers are intimated with an email, whenever they are declined. If they are declined and don’t get declined email/letter, they are to contact Bill Me Later Customer Service, to ascertain, if it was not a system issue.
PayPal credit is not a credit card, but a revolving line of credit, offered by Comenity Bank. It grants you the flexibility, of paying for your purchase now or pay overtime. It is an easy, simple and flexible credit line grafted into your Paypal account, with an easy to apply and use feature.
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