Today, PayPal announced that PayPal Pay Later is now available on eBay.com for most purchases where PayPal is a payment option. For a limited time, buyers who pay with Pay Later can make no payments for 90 days for any purchases between $50 and $199.
Chris George, from PayPal’s financial product team, wrote a post on the PayPal blog summarizing what it means for eBay users.
Pay Later is incredibly easy for buyers. All you have to provide is your date of birth and the last 4 digits of your Social Security number, and you are approved in about 30 seconds. Once approved, existing PayPal customers can continue to use Pay Later as a funding option in their account. But Pay Later is an option even for buyers who don’t yet have a PayPal account.
The Pay Later payment option will automatically appear in the checkout flow for eBay sellers who accept PayPal. From the seller perspective, a Pay Later transaction will be the same as a regular PayPal purchase: you are paid right away, and no additional fees apply. With PayPal Pay Later, sellers should benefit from increased sales and higher selling prices.
Whether you’re an eBay buyer or seller, we hope you’ll enjoy the benefits of PayPal Pay Later on your next eBay purchase.
To read the full story, read here. http://www.thepaypalblog.com/weblog/2008/05/a-new-way-to-pa.html
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