Ebay Bill Me Later?

Porkchop · 12-01-2011, 01:01 AM

Has anybody used the "Bill Me Later" function on SchmeEbay??? Does anybody know how it works? Do they send you a physical card, or is it just a digital account? They approved me for $801.

I have no idea why the extra $1 is in there....

I'm buying a larger item for a christmas gift, and they are offering no interest and no payments for 6 months. And $10 back.

It might be a good idea for a big purchase. I'd probably never use it again after this. But I had a big school bill hit recently, and I dont want to put the purchase on an interest bearing account.

Homeslice · 12-01-2011, 07:33 AM

No interest? Riiiiiiiiiggggght. Why would they keep pitching it to me every singe day if there was no profit on their part.

RACER X · 12-01-2011, 07:40 AM

cuz most people don't payoff the 0% in 6 mos, and then the XX% interest applies to the item for the 6 mos. prior.

looks like an ebay CC to me

shmike · 12-01-2011, 10:15 AM

Quote:

Originally Posted by RACER X

cuz most people don't payoff the 0% in 6 mos, and then the XX% interest applies to the item for the 6 mos. prior.

looks like an ebay CC to me

Yep.

I don't know anything about the option but this seems like the most logical answer.

(Did I just quote Ed and then use the word "logical"?)

Particle Man · 12-03-2011, 08:06 AM

Quote:

Originally Posted by shmike

(Did I just quote Ed and then use the word "logical"?)

sit down and have a beer. It'll be okay

goof2 · 12-01-2011, 10:41 PM

Read the hell out of the terms and conditions to make sure there isn't anything to bite you. Off the top of my head I can think of fees over the life of the account (not just the loan), the account is difficult to cancel, the credit provider has a terrible history of customer service, etc. I wouldn't trust some random loan provider, particularly if I needed good credit for anything in the near future.

HurricaneHeather · 12-03-2011, 12:39 AM

I do work for eBay/PayPal, but I will not pretend to understand our products because that's not my job. But BML is a subsidiary of PayPal and the financing goes through PP. I have no idea if there are hidden fees, but BML is a growing part of our business now and I'm pretty sure it just works like a CC.

And, just like every other credit card, they make their money off people not paying their balance in full within 6 months.

Rangerscott · 12-03-2011, 05:22 AM

Quote:

Originally Posted by HurricaneHeather

I do work for eBay/PayPal, but I will not pretend to understand our products because that's not my job. But BML is a subsidiary of PayPal and the financing goes through PP. I have no idea if there are hidden fees, but BML is a growing part of our business now and I'm pretty sure it just works like a CC.

And, just like every other credit card, they make their money off people not paying their balance in full within 6 months.

But youre not indian.

Homeslice · 12-03-2011, 01:07 PM

Quote:

Originally Posted by Rangerscott

But youre not indian.

G-Rex · 12-03-2011, 04:16 PM

Quote:

Originally Posted by Rangerscott

But youre not indian.

Having met Heather, I can attest to this fact. LOL

12-01-2011, 01:01 AM	#1
Porkchop 125GP Champion Join Date: Aug 2008 Location: Worthington, OH Moto: Empty Garage Posts: 3,418	Ebay Bill Me Later? Has anybody used the "Bill Me Later" function on SchmeEbay??? Does anybody know how it works? Do they send you a physical card, or is it just a digital account? They approved me for $801. I have no idea why the extra $1 is in there.... I'm buying a larger item for a christmas gift, and they are offering no interest and no payments for 6 months. And $10 back. It might be a good idea for a big purchase. I'd probably never use it again after this. But I had a big school bill hit recently, and I dont want to put the purchase on an interest bearing account. __________________ *Coming soon? 2010 Ducati Monster 696 - Sold 1984 Honda VF500F - Sold 1999 Yamaha R6 - Sold

12-01-2011, 07:40 AM	#3
RACER X AMA Supersport Join Date: Nov 2008 Location: Richmond, Tx Moto: '10 Tuono Factory Posts: 4,569	cuz most people don't payoff the 0% in 6 mos, and then the XX% interest applies to the item for the 6 mos. prior. looks like an ebay CC to me __________________ ΜΟΛΩΝ ΛΑΒΕ 2014 GROM! 181cc of FURY 2010 Aprilia Tuono Factory - SOLD 2009 SFV Gladius - SOLD 2008 Hayabusa - SOLD. Last edited by RACER X; 12-01-2011 at 07:43 AM..

12-01-2011, 07:33 AM	#2
Homeslice Elitist Join Date: Nov 2008 Location: SF Bay Area Moto: Gix 750 Posts: 11,351	No interest? Riiiiiiiiiggggght. Why would they keep pitching it to me every singe day if there was no profit on their part.

12-01-2011, 10:41 PM	#6
goof2 AMA Supersport Join Date: Feb 2009 Posts: 4,756	Read the hell out of the terms and conditions to make sure there isn't anything to bite you. Off the top of my head I can think of fees over the life of the account (not just the loan), the account is difficult to cancel, the credit provider has a terrible history of customer service, etc. I wouldn't trust some random loan provider, particularly if I needed good credit for anything in the near future.

12-03-2011, 12:39 AM	#7
HurricaneHeather AMA Supersport Join Date: Nov 2008 Location: Sydney Moto: '98 Honda Fireblade Posts: 3,696	I do work for eBay/PayPal, but I will not pretend to understand our products because that's not my job. But BML is a subsidiary of PayPal and the financing goes through PP. I have no idea if there are hidden fees, but BML is a growing part of our business now and I'm pretty sure it just works like a CC. And, just like every other credit card, they make their money off people not paying their balance in full within 6 months.