This article contains promotional content. (November 2017) |
Type of business | Subsidiary |
---|---|
Founded | 2000Timonium, Maryland, United States | in
Headquarters | San Jose, California |
Area served | United States |
Owner | PayPal |
Industry | Financial services |
Parent | PayPal |
URL | www |
Advertising | none |
Current status | active |
PayPal Credit, formerly named Bill Me Later (BML), is a proprietary buy now, pay later payment method offered on merchant websites, including those of Wal-Mart, Home Depot, USPS and eBay in the United States.[1] The site provides consumers with a line of revolving credit through Synchrony Bank.[2]
It allows purchases to be made online without the use of a credit card by creating a line of credit. Customer, can either pay off the balance at a later date or pay it in installments. The company was one of the first recipients of the Red Herring Global 100 Award by the publication Red Herring.[3]
On November 7 2008, PayPal completed its acquisition of Bill Me Later. It was formerly owned by I4 Commerce [4] and created by GoPin Inc.[5]