PayPal Credit
| Type of business | Subsidiary |
|---|---|
| Founded | 2000 in Timonium, Maryland, United States |
| Headquarters | San Jose, California |
| Area served | United States |
| Owner | PayPal |
| Industry | Financial services |
| Parent | PayPal |
| URL | www |
| Advertising | none |
| Current status | active |
PayPal Credit, formerly named Bill Me Later (BML), is a proprietary buy now, pay later payment method offered on merchant websites, including those of Wal-Mart, Home Depot, USPS and eBay in the United States. The site provides consumers with a line of revolving credit through Synchrony Bank.
It allows purchases to be made online without the use of a credit card by creating a line of credit. Customer, can either pay off the balance at a later date or pay it in installments. The company was one of the first recipients of the Red Herring Global 100 Award by the publication Red Herring.
On November 7 2008, PayPal completed its acquisition of Bill Me Later. It was formerly owned by I4 Commerce and created by GoPin Inc.