eBay announced its launch of Buy Now - Pay Later in conjunction with its subsidiary "Bill Me Later" today.

The scheme allows buyers with PayPal accounts in good standing to purchase items immediately and then pay later for them. Described as a fast way to pay without the use of a credit card it will initially be launched as a beta on a small scale. Sellers who are enrolled on this scheme will still be paid in the same way and will not notice any difference it is claimed.

Announcing the scheme Dinesh Lathi, Vice President, Seller Experience at eBay states:
"Bill Me Later will launch initially in the coming weeks with a small group of buyers and sellers. Sellers included in the launch will be notified separately by email from PayPal. Buyers included in the launch will see Bill Me Later as a payment option in eBay checkout on items from these sellers. Buyers may also get special introductory offers such as $25 off and no payments for 90 days. The offers will be funded by Bill Me Later and credited directly to the buyer’s Bill Me Later account."

He added:
"We’re very excited about bringing this new payment option to eBay and look forward to expanding it to more buyers and sellers in the coming months."

>> Read the full announcement on eBay >> Learn More about Bill Me Later

Posted: Wed September 23 22:30 GMT