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All about PayPal’s Bill Me Later Feature

If you have a PayPal account (if you don’t, you should) you might have already heard about their credit feature. It’s known as Bill Me Later, or simply PayPal Credit. It’s a line of credit offered based on your credit history and approval and it offers you a way to purchase items just like you would with a credit card. The only difference is that it’s all through the PayPal website, and because it ties into the site it’s easy to select it as a payment option when you’re paying for something online. We don’t have to go into the dangers of buying too much on credit when you don’t have the money to pay it back here, but it’s important to be mindful of it. Just because it’s easy doesn’t mean it’s the best idea. You should be aware of Bill Me Later as an option, though, because it’s a great way to pay for things online if you have the credit to get yourself approved for it!

Where You Can Use It

Even people who have PayPal’s credit program sometimes aren’t aware of just how many places accept it as a payment method. Most people know that eBay takes it as a payment method for certain sellers, but stores like Wal-Mart, Best Buy, and Sears also accept it, so if you were looking to catch a great deal on any of those websites that just happens to be online only, Bill Me Later is a great thing to have. If you were looking for a present for your kids but don’t want to go and brave the store, use Bill Me Later on the Toys ‘r’ Us website to space out the purchases you make for something like Christmas presents so you can manage your money well. Even sites like Fandango, Barnes & Noble as well as the online stores for a variety of different clothing brands like Adidas and Under Armour accept Bill Me Later. If you don’t want to use your regular credit card for a purchase, Bill Me Later is a great thing to have!

Why You Should Have It

The more payment method you offer the better

The more payment method you offer the better

A better question would be: why shouldn’t you have it? If you can get a line of credit approved, there’s no reason to say no to having an extra payment method, especially if you’re the type of person who likes to keep your regular credit card for emergencies. This way, you can still shop with credit without tying up a card for something you didn’t want to use it for. In addition to all of the places it’s accepted as a payment method, it’s a good idea to have it because it has some attractive payment options that aren’t offered through many of the other major credit card providers. It has some of the same no interest offers that are offered, but it works a little different than some of the lines of credit that you might be used to. Because the feature is entirely online through PayPal’s services, the site is streamlined and easy to use, incorporating the latest and greatest in security technology to make sure that your money and personal information is safe. Lots of people think it helps them manage their money better because they have a credit card for in-store purchases and an online line of credit for online shopping. It’s good to differentiate because it helps to keep purchases separate and allow a better understanding of where your money is going when you’re spending it.