Information on Merchant Accounts,
Ecommerce and Credit Card Processing

October 6th, 2008 by Jamie Estep

Paypal + BillMeLater

Filed in: 3rd Party Processors, Industry News | 3 comments

I’ve been expecting Paypal to take a shot at acquiring a buy-now-pay-later service provider, and Paypal just announced they are making a move to acquire Bill Me Later. Paypal’s definitely been missing out on a huge market that Bill Me Later owns. Bill Me Later’s only major competitor is a company called eBillMe.

While I personally think that this could be scrutinized as an anti competitive acquisition, especially considering Paypal’s monopoly over non-credit-card online payments, this should make Bill Me Later easier for smaller businesses t use. Until recently, Bill Me Later required ecommerce merchants to be processing in the seven figures per year, far out of reach for many smaller sites that could have greatly benefited from Bill Me Later.

It would probably be six months to a year before any reasonable integration with Paypal happens, but the acquisition is supposed to go through by 2009.

3 Responses to “Paypal + BillMeLater”

  1. Rahsia October 10, 2008 at 5:41 am

    Hmm… I think by acquiring billmelater, paypal will become even better.

  2. Credit Cards Online Learner October 23, 2008 at 3:52 am

    Very interesting. This is the first that I’ve heard of billmelater. Are there other players of this sort? Can you give a quick list of whos who and how long they’ve been around? thanks

  3. Acne December 17, 2008 at 6:17 am

    Paypal has great market and if it’s happening then really Paypal is going to miss out the great market and might be BillMeLater can utilize it.