PayLater.com

What’s it all about?

Buy now, pay later is a type of payment plan that is becoming more common amongst retailers as a way to compete with credit card companies. If you are eligible for a buy now, pay later plan for a big-ticket purchase, it can help spread the cost of the purchase over several months and often at a low interest rate or even interest-free if settled within a certain time frame.

An example of retailers in the UK who offer buy now, pay later plans include PC World, Littlewoods and Jessops. Each retailer has a different buy now, pay later plan which vary on the minimum purchase price required, interest-free period or other factors. If you are planning to purchase a big ticket item, it’s well worth taking the time to shop around and see if you are eligible for a buy now, pay later plan.

Bill Pay

Bill pay is a broad term used to describe various services including paying your own bills through online banking, bill payment software programs and the ubiquitous Bill Me Later service which allows users to make secure payments online or over the phone without using a credit card.

Bill Me Later hit the market at the right time when consumers were going online more to shop around comparing prices and to make the final purchase instead of visiting the big box stores in the US.

With Bill Me Later, bills are paid by transferring money out of your bank account direct to Bill Me Later. They do not accept cash or credit cards as payment which reduces the chance of fraud and identity theft. Users love paying bills this way due to the security and efficiency it allows.

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