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Bill Me Later

Welcome to the News View for "Bill Me Later".

Here, on these archive pages, you'll find all of the articles on Payments News for Bill Me Later listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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October 22, 2013

Headline News from PaymentsNews.com - October 22, 2013

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Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

August 06, 2013

Alliance Data Announces Agreements With PayPal

PayPal logo 140x60pxAlliance Data 140pxAlliance Data Systems has announced that its Retail Services business, which manages more than 120 branded credit programs, has come to multiple agreements with PayPal.

Under a multi-year agreement with PayPal, Alliance Data will become an issuer for Bill Me Later® credit products and will maintain a partial interest in the receivables generated under the program.

Additionally, Alliance Data and PayPal have agreed to collaborate to support PayPal's offline expansion, which is enabling PayPal to be accepted in more physical merchant locations across the U.S. Consumers who hold a branded private label credit card from Alliance Data's partners that accept PayPal payments will be able to add their branded card through PayPal and continue to use it as their preferred method of payment for PayPal purchases made with those brands when shopping online, in-store or on a mobile device.

Alliance Data's private label partners – which include many top-tier specialty retailers – will have the opportunity to begin adding their branded card programs into PayPal in early 2014.

"We're excited to work with Alliance Data Retail Services, a leader in providing highly successful branded credit programs for numerous marquee retailers, and a company whose reputation for delivering excellence makes them a great choice," said Don Kingsborough, vice president, Retail Services at PayPal.

"Offering our mutual retail clients the convenience and security of PayPal allows them to reinforce their relationships with consumers and will help them sell more."

"PayPal is a recognized powerhouse in the payments world, widely known for its innovative products, services and visionary thinking, and we are thrilled to have the opportunity to work with them to bring smart credit solutions to their customers," added Melisa Miller, president of Alliance Data Retail Services.

"The relationship between PayPal and Alliance Data marks our strategic entry into a new ecosystem of customer transactions while continuing to drive business growth for our partners' private label credit and loyalty programs. We look forward to working with PayPal and exploring even more opportunities to collaborate in the future."

April 25, 2013

Headline News - April 25, 2013

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

October 17, 2012

July 12, 2012

May 29, 2012

April 21, 2010

A Look at PayPal's 1Q2010 Financial Results

PayPal_logo-140px.jpgPayPal's parent eBay announced financial results for the first quarter 2010 today.

eBay's Payments segment (including PayPal and BillMeLater) revenue was $809.3 million for the quarter, an increase of 26% year over year. Net total payment volume (TPV) for the quarter was $21.3 billion, an increase of 35% year over year. Merchant Services (the off-eBay business) was 59% of TPV, up from 57% in the prior quarter. Active registered accounts reached 84.3 MM, up 15% year over year. PayPal's revenue ("transaction revenue rate") increased to 3.59% with a transaction processing expense rate at 1.13% and a record-low transaction loss rate of 0.18%.

Bill Me Later's volume for the quarter was 1% of the total Payments segment payment volume. Net chargeoffs in the BML portfolio were 9.49%, down from 11.14% in the prior quarter.

January 20, 2010

A Look at PayPal's 4Q2009 Financial Results

PayPal's parent eBay announced financial results for the fourth quarter 2009 today.

eBay's Payments segment (including PayPal and BillMeLater) revenue was $795.6 million in revenue for the quarter, an increase of 28% year over year. Net total payment volume (TPV) for the quarter was $21.4 billion, an increase of 34% year over year. Active registered accounts reached 81.0 MM, up 15% year over year. PayPal's revenue ("transaction revenue rate") was 3.54% with a transaction processing expense rate at 1.14% and a transaction loss rate of 0.20%.

Bill Me Later's volume for the quarter was 1% of the total Payments segment payment volume. Net chargeoffs in the BML portfolio were 11.14%, down from 11.53% in the prior quarter.

March 24, 2009

Link2Gov Offers an Alternate Way to Pay Taxes With Bill Me Later

Link2Gov has announced that it now offers Bill Me Later as a payment option for qualified taxpayers. Taxpayers can now log onto BML.PAY1040.com, powered by Link2Gov, to pay their individual or business federal taxes. Bill Me Later offers customers credit for single transactions at the point of payment online, and provides authorization for approved customers within seconds. In addition to federal taxes, Link2Gov plans to add Bill Me Later as a standard payment option along with the card-based and electronic check payment solutions it provides to non-IRS government agencies of all sizes. READ MORE »

March 18, 2009

Merchant E-Solutions Adds Bill Me Later

Merchant e-Solutions (MeS) has announced the integration of Bill Me Later into its payment gateway, processing platform and web-based reporting system. This added capability offers e-commerce merchants access to the Bill Me Later payment option, one of the fastest growing online payment alternatives. READ MORE »

January 21, 2009

PayPal's Fourth Quarter 2008 Financial Results

eBay reported fourth quarter 2008 financial results this afternoon - saying its

Payments business unit [PayPal + Bill Me Later] posted another solid quarter with $623 million in revenue, an increase of 11% year over year. Net total payment volume (TPV) for the quarter was $15.99 billion, an increase of 14% year over year. The revenue and net TPV growth was fueled by expanded adoption of PayPal Merchant Services across the Web and the inclusion of Bill Me Later, acquired on November 7, 2008. Active accounts reached 70 million, an increase of 23% year-over-year. The Payments business will continue to focus on greater penetration into the Marketplaces business as well as the acquisition of new merchants."

READ MORE »

December 31, 2008

Amazon.com Drops Bill Me Later Payment Option

Amazon.com has announced that effective today Bill Me Later will no longer be accepted as a payment option on Amazon.com. Bill Me Later was acquired earlier this year by eBay/PayPal. More details are available in the Amazon Seller Forum and in this article on AuctionBytes.

November 05, 2008

Consumers Offered New Payment Choices by Retailers

In an article titled "Retailers Offering New Payment Choices", Kelli B. Grant writes for the Wall St. Journal about payments options available to consumers this holiday shopping season.

October 06, 2008

eBay to Acquire Bill Me Later, Combine with PayPal

eBay has announced that it has "reached a definitive agreement to acquire Bill Me Later®, the number two online-oriented payments brand, for approximately $820 million in cash and approximately $125 million worth of outstanding options, net of option exercise proceeds. The acquisition extends the company’s leadership in payments by combining Bill Me Later with eBay’s PayPal, the number one online-oriented payments brand. Subject to various closing conditions, the deal is expected to be completed by year-end." A webcast and a presentation icon_PDF_small.gif are available online - along with a blog post from PayPal's CEO Scott Thompson.

Among other announcements today, eBay announced "plans to reduce its global workforce by approximately 10 percent, affecting about 1,000 employees in addition to several hundred temporary workers and the reduction of open positions." READ MORE »

September 17, 2008

Bill Me Later Tops 1,000 Online Stores, Catalogs and Travel Partners

Bill Me Later has announced that the number of online stores, catalogs and travel partners offering its payments approach has exceeded the 1,000 mark. According to the company, "the merchants in the network represent top-tier retail, airline and hotel brands offering tens of millions of products to Bill Me Later’s rapidly expanding consumer base." READ MORE »

September 16, 2008

Bill Me Later Adds Fujitsu Computer Systems as Merchant

Bill Me Later has announced that Fujitsu Computer Systems Corporation has made Bill Me Later Business available to businesses that purchase Fujitsu LifeBook notebooks and tablet PCs, Stylistic slates and mobile computing accessories on www.shopfujitsu.com and through the company’s 1-800-FUJITSU sales center. READ MORE »

September 02, 2008

Glenbrook Looks at How To Evaluate Alternative Payments

Bill Me Later has announced it will host a webinar on Thursday, September 18, at 1 PM EDT where Russ Jones and Allen Weinberg of Glenbrook Partners will provide an in-depth look at how retailers evaluate alternative payments. READ MORE »

July 28, 2008

Bill Me Later Partners with Universal Air Travel Plan

Bill Me Later has announced a strategic partnership with Universal Air Travel Plan (UATP), the airline-owned corporate travel payment network. The partnership enables airlines to integrate Bill Me Later by utilizing their existing UATP Network for processing Bill Me Later transactions. READ MORE »

July 23, 2008

QVC, Bill Me Later - Multichannel Alternative Payments Solution

Bill Me Later has announced that QVC, one of the largest multimedia retailers in the world, "has added the Bill Me Later alternative payment method to further enhance the shopping experience for its valued customers online, in the call center and via automated phone service." READ MORE »

July 17, 2008

Glenbrook's Russ Jones at Direct Response Forum 2008 Conference

Glenbrook's Russ Jones will be on hand at this year's Direct Response Forum (DRF) to lead a session on August 12th entitled "What We're Watching in Emerging Payments". Looking beyond the current generation of payment alternatives, Russ will be discussing TrialPay, eBillme, Secure Vault Payments, Amazon Payments, RevolutionCard, eLayaway, PaidByCash, and the Green Dot MoneyPak.

Russ will also be participating in a round table discussion on best practices in recurring payments on August 13th. The DRF 2008 conference is being held in San Diego. The full agenda is available online. If you're going to be at the conference, - he'd love to meet you!

July 15, 2008

Bill Me Later Rewards Shoppers With $10 Off Amazon Purchases

Bill Me Later has announced "that to celebrate its launch on Amazon.com, customers that pay with Bill Me Later will receive $10 off qualifying Amazon.com purchases of $50 or more. The offer is available through July 21, 2008." READ MORE »

July 08, 2008

It's Official - Bill Me Later Now Available on Amazon.com

As we noticed last week, Amazon.com is now supporting Bill Me Later for payments. This morning both companies officially announced that "millions of Amazon.com customers will be able to use Bill Me Later’s next-generation payments service to pay for their purchases instantly online without using a credit card." READ MORE »

July 03, 2008

Bill Me Later Now Available on Amazon.com

Last December, Bill Me Later announced that Amazon.com would be accepting Bill Me Later payments and that Amazon had made an equity investment in the company. Amazon.com now is accepting Bill Me Later - details here. Amazon.com is also now a featured store on the Bill Me Later home page - ironically, right next to its bookstore rival Borders.com.

June 09, 2008

Bill Me Later Lifts Sales for ShoeMall.com

Bill Me Later and ShoeMall.com have announced they have partnered to offer ShoeMall customers a more flexible way to pay online without the use of their credit cards. " READ MORE »

June 04, 2008

Bill Me Later Now Available on Newly Launched Borders.com

Bill Me Later has announced that Borders has added its alternative payment functionality to its newly launched e-commerce site at Borders.com. "With Bill Me Later, Borders shoppers will be able to add to their book, movie and music collections online and via phone without sharing their credit card information." Borders.com is also offering customers no payments for 90 days on purchases of $99 or more with Bill Me Later. READ MORE »

May 20, 2008

Day 2 Field Report from NACHA's Payments 2008 Conference

Glenbrook's Allen Weinberg and Jim Salters are attending this week's Payments 2008 conference in Las Vegas. Here's Allen's second report from today's sessions including his notes on the panel he chaired this afternoon titled “Payments aren’t about Payments Anymore”.

April 29, 2008

A Look at Bill Me Later

Keith Regan looks at Bill Me Later in a post on eCommerceTimes.com saying that "credit card-free alternative Bill Me Later has proven that merchants and consumers alike are hungry for alternatives."

April 28, 2008

Journeys.com Adds Bill Me Later Acceptance

Bill Me Later has announced that Journeys.com, a specialty retailer of footwear and accessories, has launched Bill Me Later on its web site. With the Bill Me Later payment service, consumers can conveniently and securely make online purchases without a credit card. Journeys.com is also extending the additional convenience and flexibility of no payments for 90 days to its customers. READ MORE »

March 26, 2008

Bill Me Later, Continental Airlines Announce Promotion

Bill Me Later, has announced that 'Continental Airlines is offering customers that pay with Bill Me Later $20 off the total price of their airfare. The discount is available to new Bill Me Later customers that purchase tickets at continental.com or by calling Continental reservations at 1-800-523-3273 through April 23. In addition, customers that pay using Bill Me Later can take advantage of special promotional financing offers including no payments for 90 days and no payments for six months on purchases of $1500 or more.'

READ MORE »

February 08, 2008

Another Look at Alternative Payments Providers

Francine Kizner writes for Entrepreneur.com about alternative payments providers Bill Me Later, eBillMe, Revolution Money, and Bill-to-Phone. "Alternative payment companies entice buyers who may not have credit cards, feel wary about sharing their information online or just want an easier checkout experience."

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