BillMeLater.com is an alternative payment system for people who are leery of giving out their credit card information over the Web. It’s an easy-to-use service and Web site that lets people shop now and pay later at over 700 Web sites. You enter your name and birth date and the last four digits of your Social Security Number. The service then does a credit search on you in about three seconds to determine if you’re an acceptable risk for paying later. BillMeLater pays the merchant for your purchases and then, well, bills you later. About 3 million people have signed up so far.
Posted on December 26th, 2007 by Bob and Joy Schwabach