What is bill me later

With the Paypal Credit system, your credit approval is given instantaneously when you make a purchase. The lender looks at your credit profile and then determines how big of a credit line you can have.

If you have used Paypal Credit several times, you may not have enough credit to make additional purchases. When you select Paypal Credit at checkout, Paypal pays the merchant for your purchase.

At that point, you receive a statement in the mail from Paypal Credit about 10 to 15 days after your purchase. The statement provides you with information about how much you spent, what your interest rate is and when your payment is due. If I make an Installment Purchase, the Merchant will inform me if it is a Financed Installment Purchase and of the payment amount and terms, before I agree to the purchase. Refinance of Closed-end Loan. The loans will be from Installment Purchase parts of the Account, subject to the same Finance Charges, if any, payment terms and End Dates as the Closed-end Loans that were refinanced.

Other Agreements about Obtaining Loans. There is no pre-established credit line for this Account, but I understand that you may evaluate each request for a loan at the time I make the request. You have the option to refuse my request for any loan, but you will notify me of the reasons for any refusal. I authorize you to charge this Account for the Cost of any purchase I, or anyone to whom I have given permission to use this Account, make from a Merchant using Bill Me Later.

I understand that the amount that you actually pay to the Merchant may be less than the Cost, because the Merchant may agree that you may retain a portion of the Cost in order to participate in Bill Me Later. I authorize you to charge this Account for Finance Charges, any Other Charges, costs of collection, and amounts that I agree in this Agreement to pay. Each time I choose Bill Me Later, I authorize the Merchant to share my personal information with you to the extent necessary for you to make a credit decision and complete the transaction, including paying the Merchant on my behalf, opening my Account, charging my Account for the Costs of the purchase, sending me a billing statement, and for all other lawful purposes in connection with this Account.

I authorize the Merchant to share my email address with you. I consent to your sending me emails for any lawful purpose in connection with this Account, including commercial emails for marketing Bill Me Later, its features, and the benefits of using Bill Me Later at Merchants who accept it. I may withdraw my consent to your sending me commercial emails, at any time, by changing my "email preferences" at the "Update Personal Info" section of the www.

I promise to pay to you the balance on this Account, including all purchases, loans and other amounts I have authorized you to charge to this Account. I promise to pay these amounts as agreed in this Agreement, including my promise to make the Minimum Payment Due each month on or before the Payment Due Date. To pay for all purchases made by me and by someone I authorized to use this Account. You and any person who may decide whether I am liable for amounts charged to this Account may presume that I have authorized any purchase made in my name using this Account, if the purchase is delivered in my name to my address, unless I return the purchase to the Merchant within a reasonable period of time.

I will not be responsible for any unauthorized purchases using this Account. To give you personal financial information about me that you may reasonably request, from time to time.

To pay all costs of collection if you take any action to collect this Account or take any action in a bankruptcy proceeding filed by or against me, if you are permitted by applicable law to charge those costs. This shall include, unless prohibited by applicable law, reasonable attorneys' fees and expenses to the maximum amount permitted by applicable law.

Not to give you false information or signatures, electronic or otherwise, at any time. To make all payments by check, money order, or other legal instrument in U. Dollars, so that you receive it at the remittance address disclosed on the billing statement. If I make a payment using a non-standard check, money order or other instrument, I agree to pay your costs of processing the payment. This includes, among other things, oversized and undersized instruments, instruments using non-standard materials, instruments in a non-standard format, and any other non-standard instrument that requires special handling.

To promptly notify you if I change my name, my mailing address, my e-mail address or my telephone number. To honor any other promises that I make in this Agreement. That I will not accept this Account unless I am of legal age in the state where I reside and am a resident of the U.

To attempt to resolve any dispute I have with a Merchant directly with that Merchant; I agree to allow a reasonable period of time for the Merchant to resolve the dispute. This shall in no way limit or reduce my rights in case of a billing error. To use Bill Me Later only for personal, family or household purposes. You will not take any security interest to secure this Account. Except during the Grace Period and during the term of an Interest-free Installment Purchase prior to the End Date, I agree to pay a Finance Charge on the outstanding balance of each part of this Account at all times that this Account is in effect, including any period after Termination in which there remains an outstanding balance.

The Finance Charge will be calculated for each part of the Account separately, as of the last day in the Billing Cycle the "Statement Date" , in the following way: a. For the purposes of the Finance Charge, each part of the Account will be calculated separately. Parts may be called "Transaction Types" on the billing statements. All Standard Purchases and other balances that are moved to the Standard Purchases part of the Account will be a single part.

Promotional Purchases while subject to different Promotional rates, terms and Deferred Payment options will be different parts. In addition to Termination by default, you may Terminate this Agreement at any time and for any reason subject to the requirements of applicable law.

I can terminate my Account by sending written notice to the address on the billing statement. After Termination, I will not be able to make new purchases on this Account. Termination under this paragraph will not affect any purchase which complies with this Agreement and which was made before the date of the Termination notice. If you choose, at your sole option, to allow purchases after you have Terminated this Account whether or not I have given you notice Terminating this Account , I agree that you may charge those purchases to this Account.

After Termination under this paragraph, balances will continue to accrue Finance Charges until paid in full and I agree to pay the balance on this Account, the Finance Charges and all other amounts due in accordance with the terms of this Agreement. All other provisions of this Agreement will continue to apply. Your liability, if liability is provided under applicable law, for a wrongful failure to make a loan on this Account is limited to my actual damages. Failure to make a loan for any reason as provided under the terms of this Agreement will not be wrongful.

You may amend this Agreement from time to time, in any respect by giving me written notice where required by law. An amendment may change something in this Agreement for example, the rate of Finance Charge on any or all the parts , add something new or take something out.

Such amendments will apply to outstanding balances and new loans, except as otherwise indicated in the written notice or provided by applicable law. Bill Me Later is available at eBay sellers based in the U. Bill Me Later is subject to credit approval as determined by the lender, WebBank, Salt Lake City, Utah and is available to US customers who are of legal age in their state of residence.

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