Bill Me Later
From LoveToKnow Online
Bill Me Later is a new way to shop on the Internet while protecting your financial information. Shoppers can purchase items at more than 750 websites on this payment network and can checkout by using their birthday and the last four digits of their social security number. Read on to learn more about this new way to shop online.
Convenient Online Shopping
Merchants choose to join this e-commerce network because they can offer their customers more options at check out. Shoppers often enjoy special discounts and deferred payment options on their purchases when they use the network. Many major stores are on the network, including WalMart, Dicks Sporting Goods, Amazon.com, Guess? and many more. New merchants are being added each week, so if your favorite store isn't on the network yet, it probably will be soon.
Bill Me Later Accounts
Does using this payment network sound like a good idea to you? For most people who shop online, this is an alternative to other pay sites, such as PayPal.
Credit Check
To open a new account, you'll need to attempt a purchase at one of the stores in the network. At checkout you will choose the Bill Me Now option. When you choose this option, a new secure window will open requesting certain information, including your social security number, name and address. The information will be used to access your credit report in order to make a determination of credit worthiness. If your account is approved by CIT Bank, N.A., you will return to the checkout at the merchant's website to complete the purchase.
If your account is declined, you will still return to the merchant's website to make payment via another method. You will also receive a letter in the mail with the reason your application was denied.
Manage Your Account
Registering an account is easy, and it all starts with a visit to this network's website. Simply click on the "Register Account" button and fill out the online registration form. Once you have created an account, you can keep track of all of your transactions, view your balance and posted payments. Account holders can also request a credit limit increase when logged in at the member portal.
Account holders may pay their bill online or mail in their payments.
Unauthorized Charges
Account holders are protected from unauthorized charges to their accounts. The checkout features used by merchants in the network ensure that your personal information is not shared or available to anyone other than the credit-issuing bank, CIT Bank, N.A.
There is no physical card associated with Bill Me Later, so there is no credit card to lose, nor credit card number to be compromised.
Additional Benefits
Members who shop through this network can enjoy additional shopping benefits. These include:
- A special discount the first time you use your account with many of the merchants on the network
- Discounted deals on specific items, such as back to school and football fan items
- Discounts on the total purchase amount from specific merchants on the network
- Special offers, such as deferred payments on more expensive items
To enjoy these special shopping discounts, simply register your account on the website and visit the Deals of the Week page.
Conclusion
This type of account is only for online shopping. There is no physical credit card that will be sent to the account holder, and there aren't any other uses for this account, such as access to cash advances.
The Bill Me Later credit account offers some advantages for online shoppers that aren't available with traditional credit card shopping. One specific advantage is that these credit accounts do not have a credit card number associated with them. This can help to minimize any fraud with these accounts. Other advantages include online account management and discounted shopping deals only available to account members.
Learn More
This page has been accessed 1,582 times. This page was last modified 11:35, 8 January 2009.
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