Frequently Asked Questions
How do I start using Bill Me Later?
Just select Bill Me Later as your payment choice when you check out. You'll give your date of birth and the last 4 digits of your social security number, accept the terms, and you're done. Approval takes only seconds. Once you've started using Bill Me Later, you'll see it as a payment option when you check out with PayPal.
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What if I want to use Bill Me Later every time I check out with PayPal?
During checkout go to the "More Funding Options" page and make Bill Me Later your preferred payment source for future PayPal transactions. Or at any time, log into your PayPal account, click on "Profile", select Bill Me Later then click on update preferences.
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Are Bill Me Later and PayPal the same company?
PayPal acquired Bill Me Later in November 2008. Both Bill Me Later and PayPal are committed to providing customers with the fastest, most convenient online buying experience.
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I saw a Bill Me Later promotion at an online store. Why didn't I see it when I checked out with PayPal?
Many online stores offer exclusive Bill Me Later promotions such as free shipping, dollars off, and 90 days to pay. To take advantage of those deals, you need to select Bill Me Later directly from the online store. If you choose the Bill Me Later option when checking out with PayPal, you may see a different promotion that is exclusive to PayPal customers.
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Is there an annual fee to use Bill Me Later?
No. There is no annual fee for using Bill Me Later.
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What is the Annual Percentage Rate?
The Annual Percentage Rate is 19.99%. The Minimum Finance Charge is $2.00.
Of course, you can choose to pay your entire balance by the payment due date and pay no finance charges.
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Does Bill Me Later protect me from liability for unauthorized charges?
Yes. Bill Me Later provides "zero fraud liability" protection-the same protection provided by most major credit cards. This means you are not responsible for unauthorized charges. And we validate your identity with details such as your date of birth and the last four digits of your Social Security Number. This means there is no account number that can be lost or stolen.
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What does "Subject to Credit Approval" mean?
Bill Me Later is a credit account that you can use to make purchases. CIT Bank will review and consider your credit report and other credit related information prior to approval. Credit worthiness is determined by CIT Bank.
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Do you review my credit report every time I make a purchase?
CIT Bank does not review your credit report for each transaction. However, your credit report may be reviewed for some transactions and periodically to provide you with the maximum possible buying power.
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Do I have a credit line and how much is it?
CIT Bank does not issue a credit line. To enhance your convenience, security and buying power, CIT Bank approves and extends credit for each transaction.
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Where else can I use Bill Me Later?
Bill Me Later is available at thousands of online stores that accept PayPal. It is also available on eBay and exclusively on thousands of other online stores that accept Bill Me Later.
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How do I use Bill Me Later for my purchase today?
Just select Bill Me Later as your payment choice when you check out. If it's your first time using Bill Me Later through PayPal, you'll give your date of birth and the last 4 digits of your social security number, and accept the terms. Approval takes only seconds. If you've used Bill Me Later through PayPal before, it will appear as one of the PayPal payment options when you check out.
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