Magento Bill Me Later is a PayPal service that gives your customers quick access to financing—at no credit risk to you.
As a PayPal merchant, your customers may already have access to Bill Me Later financing, but they may not know it.
By promoting Bill Me Later on your site with payPal-hosted banners, you’ll remind customers that they have more buying power while they’re shopping.
Advantages of Magento Bill Me Later
Up to 43% of Bill me Later sales are incremental, and you can increase average order sizes by up to 75% or more.
Payments show up in your PayPal account within minutes, regardless of when your customers pay.
You won’t get charged extra for Bill Me Later. You’ll only pay PayPal’s standard transaction fee.
PayPal’s hosted banners tell your customers about their extra buying power before checkout. More buying power can motivate them to make larger purchases at your store.
Unlike other short-term discounts, Bill Me Later financing is available on eligible purchases whenever customers pay with PayPal. Your US consumers can keep coming back to spend more.
Does your competition offer financing? Giving your customers financing means you can become their store of choice. Everyone likes flexibility.
You don’t have to worry about credit risk, handling customer billing or payment collection.
More on PayPal Bill Me Later
Bill Me Later is a PayPal service that allows customers to buy an item and pay for it at a later time. Usage of the Bill Me Later service is subject to credit approval, which is done at signup.
PayPal claims that the service is a faster method to get through checkout and is accepted by thousands of online stores. PayPal also offers perks like free shipping to those that sign up. You will need a PayPal account and a social security number in order to be considered eligible for the service.