Paypal to offer 'pay-me-later' service... - GoFuckYourself.com

acratophorum · 08-02-2007, 08:29 AM

A new option for PayPal users: pay later
Online payment service owned by eBay says it will offer customers credit financing in conjunction with GE Money Bank.
August 2 2007: 7:37 AM EDT

LOS ANGELES (Reuters) -- PayPal said Thursday it will offer credit financing with General Electric Co.'s GE Money Bank in a bid to win new users and improve business for merchants that use its service.

Online payment service PayPal, which is owned by eBay Inc., is facing increased competition from Google Inc's Checkout, which has made a concerted effort to win over businesses that sell on eBay
The new PayPal service, called PayPal Pay Later, allows online merchants to offer a credit account with flexible financing options such as no payments for 90 days.

A spokeswoman for PayPal said interest on deferred payments would be shared between PayPal and GE and that rates would be competitive with other private-label credit products.

The spokeswoman said the merchants will not pay any additional fees, but will pay the regular PayPal processing fees. Research commissioned by eBay showed that 56 percent of PayPal users are more likely to buy from a retail site if a deferred payment option is available, eBay said.

http://money.cnn.com/2007/08/02/news...ion=2007080207

acratophorum · 08-02-2007, 10:49 AM

Nobody cares, huh??? sheesh...

Shok · 08-02-2007, 10:53 AM

welcome to 8 months ago

woj · 08-02-2007, 11:16 AM

Didn't they do this months ago?

Shok · 08-02-2007, 12:17 PM

yes they did

I have been using it since early this year

acratophorum · 08-02-2007, 01:40 PM

Quote:

Originally Posted by Shok

yes they did

I have been using it since early this year

You've actually been using this service? Is it in Beta? Man...CNN is supposed to be the most trusted name in news

I almost feel deceived...

Shok · 08-02-2007, 01:58 PM

I got my GE Money / Paypal account setup in January I think it was

Then I ran it to its limit about a month later ;)

08-02-2007, 08:29 AM	#1
acratophorum Confirmed User Join Date: May 2004 Location: On the Sun Posts: 311	Paypal to offer 'pay-me-later' service... A new option for PayPal users: pay later Online payment service owned by eBay says it will offer customers credit financing in conjunction with GE Money Bank. August 2 2007: 7:37 AM EDT LOS ANGELES (Reuters) -- PayPal said Thursday it will offer credit financing with General Electric Co.'s GE Money Bank in a bid to win new users and improve business for merchants that use its service. Online payment service PayPal, which is owned by eBay Inc., is facing increased competition from Google Inc's Checkout, which has made a concerted effort to win over businesses that sell on eBay The new PayPal service, called PayPal Pay Later, allows online merchants to offer a credit account with flexible financing options such as no payments for 90 days. A spokeswoman for PayPal said interest on deferred payments would be shared between PayPal and GE and that rates would be competitive with other private-label credit products. The spokeswoman said the merchants will not pay any additional fees, but will pay the regular PayPal processing fees. Research commissioned by eBay showed that 56 percent of PayPal users are more likely to buy from a retail site if a deferred payment option is available, eBay said. http://money.cnn.com/2007/08/02/news...ion=2007080207

08-02-2007, 11:16 AM	#4
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	Didn't they do this months ago? __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

08-02-2007, 10:49 AM	#2
acratophorum Confirmed User Join Date: May 2004 Location: On the Sun Posts: 311	Nobody cares, huh??? sheesh...

08-02-2007, 10:53 AM	#3
Shok Confirmed User Join Date: Apr 2001 Location: LIVE EVIL Posts: 5,611	welcome to 8 months ago

08-02-2007, 12:17 PM	#5
Shok Confirmed User Join Date: Apr 2001 Location: LIVE EVIL Posts: 5,611	yes they did I have been using it since early this year

08-02-2007, 01:58 PM	#7
Shok Confirmed User Join Date: Apr 2001 Location: LIVE EVIL Posts: 5,611	I got my GE Money / Paypal account setup in January I think it was Then I ran it to its limit about a month later ;)