New forms of paying
December 14th, 2007 by rbanks
Bill Me Later Is Getting Big Now
“When Amazon.com today announced that it would start to accept the Bill Me Later payment services, there was no small sense of satisfaction for Gary Marino. He founded Bill Me Later after a discussion with Mark Britto, a friend who was then an Amazon executive. The service integrates with online stores. After customers enter their shipping address they are offered a choice of how to pay. If they select “Bill Me Later” it asks for their birth dates and the last four digits of their Social Security numbers. That is enough to look up customers’ information at credit bureaus and make a decision on whether to approve them. Customers receive a bill in the mail. They can pay in full, or pay over time with interest, just as with any credit card. Indeed, if customers use Bill Me Later on other sites, their purchases are all listed on one bill. “
New York Times
