"Bill Me Later"

[blades]

Been noticing this new payment option, availible on alot of ebay auctions. Can't really find answers to my questions on their site. Was just basically wondering the just of it all. How do u go about paying later? Has anyone used this method yet? Any insight is greatly appreciated////

 

[suitman19]

It is basically a credit card with a delayed billing.

Upside - you use their money for 60 or 90 days before it is due.

Downside - You are generally not paying for a disposed asset at a later time. This is the major reason for credit card delinquencies and failures. In this hobby if you can't afford it today - you should never gamble on being able to pay for it later.
It will also affect your credit ratings as any consumer credit will.

 

[Triple B]

Do they charge interest on it, oh they of the many fees?

 

[gobuffalo2331]

Do they charge interest on it, oh they of the many fees?

Ohh I'm sure theres gotta be a fee, that just wouldn't be ebay/paypal without a fee! :|

 

[Justcards]

Another 2.99% with the first $4.00, then it's 32.15% for anything after probably lol

My theory on most, if you dont have the money in your pocket, you can't afford it which explains why my van has 260000kms on it and I have to make it last til 300,000 lol